Better Health for All

Privia Health's core services, through its Accountable Care Organizations (ACOs), significantly reduce healthcare expenditures and utilization of high-cost services. In 2023, beneficiary expenditures were 21% lower, inpatient facility spend 27% lower, outpatient facility spend 33% lower, and emergency department visits 25% lower compared to fee-for-service Medicare.

The company also reported 15% higher PCP utilization in 2022. Privia has no revenue from products with negative health outcomes. The company partners to provide remote maternal health monitoring, aiming to reduce maternal mortality rates and inequities, particularly for Black women, by monitoring conditions like hypertension and gestational diabetes. This partnership also provides educational content and guidelines to patients. Privia's model promotes physician-to-physician education, mentoring, and collaboration, and uses technology to reduce provider burden. However, a data security incident at SouthCoast Health, a Privia partner, in June 2023, potentially exposed sensitive patient data for tens of thousands of individuals, including names, Social Security numbers, and medical information. The company did not provide evidence of specific programs or funding to support the healthcare workforce in underserved areas, nor did it provide quantitative data on mental health initiatives or healthcare education beyond the maternal health partnership.

Fair Money & Economic Opportunity

Privia Health Group, Inc. is a technology-driven, physician-enablement company focused on healthcare services, not a financial institution that offers lending or deposit services to consumers. The company's core business model does not involve activities such as lending, insuring, moving, or storing money for consumers in the context of financial products. While the company addresses healthcare costs, offers financial assistance for medical services, and manages billing, these activities do not align with the specific definitions of the KPIs, which are designed for financial institutions and their consumer credit or deposit products.

Therefore, no specific, concrete data points were found that directly apply to the quantitative thresholds of the provided rubric for 'Fair Money & Economic Opportunity'.

Fair Trade & Ethical Sourcing

Privia Health Group, Inc. operates as a technology-driven, physician-enablement company, primarily offering healthcare services.

Given this business model, the company does not procure or trade physical commodities, nor does it have a supply chain requiring welfare or sourcing audits, exposure to upstream labor practices, or material sourcing of at-risk inputs. Consequently, several KPIs related to fair trade and ethical sourcing are not applicable. The provided articles contain no specific data regarding ethical sourcing clauses in supplier contracts or procurement budget allocation to diverse suppliers.

Kind to Animals

Privia Health Group, Inc. is a technology-driven, physician-enablement company that provides services and a platform for healthcare management. Its business model does not involve manufacturing products, conducting animal testing, engaging in animal agriculture, or sourcing animal-derived ingredients.

A third-party source, crueltyfreeinvesting.org, lists Privia Health Group, Inc. as a company that does not exploit animals. Therefore, all KPIs related to animal welfare practices are not applicable to its operations.

Safe & Smart Tech

Privia Medical Group of Georgia, LLC, a subsidiary, was involved in a data security event detected on June 18, 2023, with unauthorized access occurring from June 15-18, 2023.

The breach, which affected 501 individuals, compromised names, Social Security numbers, dates of birth, medical information, financial account information, payment card information, and driver’s license numbers. The file review was completed on June 13, 2024, indicating a slow disclosure. The company implemented additional security measures and offered complimentary credit monitoring and identity theft protection. Privia Health's partner, Navina, uses AI that explains every insight and references the original clinical source. Privia Health also mentions the importance of accounting and testing for bias in AI programming and coding. The company uses AI to flag potentially suspicious or anomalous activity to assist the electronic health record (EHR) auditing process, with flags investigated by privacy experts. Privia Health holds ONC Health IT Certification. All Privia Health employees are required to undergo privacy and security training and abide by the Privacy Policy, with disciplinary action for violations. The training aims to enable employees to identify steps to safeguard patient information and report potential privacy incidents, including recognizing phishing attempts. Privia Health uses Secure Socket Layer (SSL) encryption technology with a 256 Bit Extended Validation security certificate for transmitting Personally Identifiable Information, and offers encrypted email transmission if requested. Company-issued devices are configured to be secure and encrypted. The company prohibits accessing PHI not related to job duties and using actual PHI for training or testing. Patients have rights under HIPAA to access, copy, inspect, amend, and restrict the use of their health information, and to opt-out of disclosure via an electronic health information exchange. Privia Health requires both a username and password for access and recommends using Multifactor Authentication (MFA). The company performs technical and penetration testing to validate its cybersecurity program. Privia Health states that if personal information is provided to third parties, only the necessary information is shared, and third parties are prohibited from using it for other purposes. The company complies with HIPAA, CCPA, GDPR, UK, and Swiss data protection laws. The minimum necessary standard requires reasonable efforts to limit the amount of information used, requested, or disclosed.

Zero Waste & Sustainable Products

Privia Health Group, Inc. states a commitment to operating responsibly and sustainably as part of its corporate mission and business strategy, with initiatives aligned to ESG goals including "Sustain Sound Environmental Stewardship."

However, the provided articles, including financial reports, ESG overviews, and sustainability risk assessments, do not contain any specific quantitative data, certifications, or detailed information regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education programs.