Richard Close: Thank you.
Operator: Thank you. Our next question comes from the line of Whit Mayo with Leerink Partners. Your line is now open.
Whit Mayo: Thanks. Good morning. Just one quick clarification and a real question. I just want to make sure I get this right. The $10 million to $12 million in startup costs, is that all incremental to 2023 or is that cumulative for the investments that you made last year?
Parth Mehrotra: Yeah, I would consider those to be cumulative. There are some incremental costs because we added, like I said, predominantly in 2023 it was sales and marketing related expenses. Towards the end of the year, we started some implementation and performance consultants and our infrastructure in the states. A lot of the incremental would come in on the platform cost line. But these are costs that are established. They’re not one time, as we’ve said. They get established in the market. And then as we add providers, the business scales pretty rapidly and gets to breakeven. So the $10 million to $12 million, you should say that if we would have not entered these states, you could simply, we could take those cost out as a proxy for what we are adding. Now all of that is embedded in our guidance. But we give that rationale given the states that we’re having a meaningful level of spend that are negative EBITDA states for us today.
Whit Mayo: Okay, that makes a lot more sense. Okay, helpful. And I think it was, a year or so ago that you guys acquired an ACO maybe in Connecticut, had kind of a whole value-based care book to it, just was kind of looking for an update around just the performance of that and kind of how you’re thinking about other opportunities to maybe deploy capital into opportunities like that?
Parth Mehrotra: Yeah, that was a great transaction for us. The Connecticut Community Medical Group, they’ve been great partners. We think we can build a pretty big business in Connecticut. It’s performing really well, and we are seeing a lot of momentum in the state with community providers implementing a full-scale model at the back of the ACO or the IPA entity that we bought. And I think that’s a great playbook for us, if we can find like-minded partners and other such IPAs, we’re going to go and acquire them given the strong balance sheet that we have. So that’s a big part of the playbook.
Whit Mayo: Okay, thanks, guys.
Operator: Thank you. Our next question comes from the line of Jeff Garro with Stephens, Inc. Your line is now open.
Jeff Garro: Yeah, good morning. Thanks for taking the questions. I’ll try to lump together a few on shared savings. So first for 2024, I was hoping you could add some more specifics on how many Privia providers are participating and beneficiaries are expected to be attributed to Privia MSSP ACOs? And then I was hoping you could also dig into visibility into 2023 MSSP performance versus expectations for 2024, and definitely view 2024 shared savings expectations in the guidance [indiscernible] for final 2023 results? Thanks.
Parth Mehrotra: Yeah, thanks Jeff. I may ask you to repeat a question, given there were a handful. So we don’t disclose the number of providers. Typically, 60% of our providers are gatekeepers, including PCPs and family medicine. A large part of those get the access… [Call Ends Apruptly]
