Privia Health Shares Advance on Outlook Bump From Medicare Savings

By Dean Seal

Shares of Privia Health rose after the company said its networks of hospitals and healthcare providers generated $233 million in savings for 2024 through a Medicare program.

The stock was up 6% at $23.12 on Friday. Shares are now up 18% since the start of the year.

The company, which provides tools and technology to doctors and health systems, said its Accountable Care Organizations notched shared savings of $233.1 million through the Medicare Shared Savings Program for 2024. That's up 32% from 2023.

The program allows Accountable Care Organizations, or groups of doctors and hospitals, to work on lowering costs for Medicare beneficiaries and then share the savings they achieve.

Based on the savings achieved, Privia bumped up its full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization to a range of $113 million to $116 million. It was previously targeting about $110 million.

The outlook raise is preliminary, given that Privia is only halfway through the third quarter, the company said. It expects to provide another update on guidance when it next reports quarterly results in early November.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

August 29, 2025 14:43 ET (18:43 GMT)