Privia Health provides a turnkey platform combining a high-performance physician group (Privia Medical Group), an accountable care organization (Privia Quality Network), and population health management technology to help providers succeed in performance-based reimbursement. Its cloud-based technology and care management systems give independent physicians access to modern infrastructure, payer relationships, and patient engagement tools. Privia partners with national payers and self-insured plans to align reimbursements to quality and outcomes. The company operates programs that support physician-driven wellness and population health, and its Privia Medical Group serves over 400,000 patients. Privia plans a national expansion into markets including Virginia, Maryland, DC, New York, Atlanta, Florida, and Texas. The business is led by Founder & CEO Jeff Butler and President Dave Rothenberg and will remain physician-focused as it scales. Privia Health operates a physician-based wellness and care management platform that partners with top doctors and provides web-based technology plus virtual wellness teams to support patients between visits. Its model embeds nurse care managers, dietitians, fitness trainers, and health coaches as a virtual extension of the physician practice. The company emphasizes patient-centered medical home principles and turnkey tools that integrate into physician workflows to boost engagement and adherence. Privia combines a state-of-the-art web platform with wireless monitoring and team-based support to track goals, flag care gaps, and monitor outcomes. Privia will use the equity financing to continue rapid growth of its high-performance physician network and to expand direct-to-consumer retail membership offerings. The company also plans to grow its provider/payor-sponsored business through partnerships with progressive health plans, employers, and health systems. More than 200 top-rated physicians currently participate in the Privia High Performance Network, caring for over 400,000 patients nationwide.

Total raised

$412M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2014