Privia Health Reports Results In CMS' Medicare Shared Savings Program For The 2022 Performance Year
Portfolio Pulse from Happy Mohamed
Privia Health Group, Inc. (NASDAQ:PRVA) announced that its Accountable Care Organizations (ACOs) achieved shared savings of $131.7 million through the Medicare Shared Savings Program (MSSP) in 2022. The seven ACOs, collectively known as Privia Quality Network, included more than 2,100 providers delivering care to over 163,000 Medicare beneficiaries. The company's performance highlights include lower annual average expenditures and emergency room utilization compared to the median MSSP ACO and total fee-for-service Medicare.
August 25, 2023 | 12:35 pm
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POSITIVE IMPACT
Privia Health's strong performance in the MSSP in 2022, with significant shared savings and lower expenditures, could positively impact investor sentiment and potentially the company's stock price in the short term.
Privia Health's announcement of significant shared savings through the MSSP and lower average expenditures compared to the median MSSP ACO and total fee-for-service Medicare indicates strong operational efficiency and cost management. This could be viewed positively by investors, potentially leading to increased demand for the company's stock and a short-term increase in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100