Privia Health Group, Inc. (NASDAQ:PRVA) Q2 2023 Earnings Call Transcript

Parth Mehrotra: Yes, thanks for the question. I think we’ve continued with our playbook where it’s everything that you mentioned. I mean, our job is to transform the practice once a provider joins us and optimize both their fee-for-service operations, take as many of the lives and move into value-based arrangements, streamline the expense structure, and take on a lot of the admin burden. So, we are focused on all of those aspects to increase, at the end of the day, the take-home pay for our physician partners and the providers that join us. And that’s our value proposition. It’s a pretty big moat. A lot of hard work goes into it. We take a lot of the dirty work off of their plates and then increase both the topline and bottom line.

And then our management fees are directly tied to the performance of the practice. So, I think the interests are pretty aligned. So, I think, we’re going to focus on all three aspects of doing that and keep adding value to our provider groups, and that increases the stickiness as you’re seeing with our business.

Operator: Thank you. I’m showing no further questions at this time. I would now like to turn the conference back to Mr. Mehrotra for our closing remarks.

Parth Mehrotra: Thank you for listening to our call today. We appreciate your continued interest and support of our company, and look forward to speaking with you again in the near future.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.