Speaker 0
There's no way we would be where we are today as far as our value-based contracts if it wasn't for Privia.
Speaker 2
Early on I realized that value-based care was a model that was going to be sustainable and would be good for our practice. We had a couple of experiences with ACOs and to be honest with you they weren't all that successful and that's where Privia stepped in and became a partner that I like to say helped me scale my aspirations for value-based care.
Speaker 4
The most important thing Privia does to help our physicians excel in value-based care is surround them with all the resources that they may or may not have before they joined us. That includes world-class actuarial capabilities, care management teams, our great technology stack, and other support functions that allows them to see patients across the spectrum and do value-based care in commercial, in Medicare Advantage, and MSSP.
Speaker 1
What Privia helps us do is unload some of that administrative burden, things like insurance contracting, EMR support. Privia's expertise at negotiating contracts has made us very successful in value-based care.
Speaker 3
Privia came along and allowed us to tap into their more beneficial payer contracts on the fee-for-service side as well as on you know introducing us to the opportunity to get involved with value-based care and the rewards that can come from delivering the high-quality care we knew we were doing but just not getting paid for.
Speaker 4
There's a common myth that to do value-based care, you have to take full risk and take downside day one. Our approach is very contrary. We like to meet physicians where they are, look at their patient panels, and thoughtfully see where we can increase risk in value-based arrangement and take that downstream from the pairs.
Speaker 2
Privia is a physician-led organization. It sustains a culture of accountability. Our practice is doing better financially than it's ever done, and I think that's a direct result of the model that we're involved in.
