Whether thin or negative margins, workforce shortages, or inflation, the complex challenges confronting health systems today are just the tip of the iceberg.

Yet there’s another layer to these myriad issues: alignment with important community-based physicians.

The relationship between health systems and physician groups is evolving. Ongoing headwinds necessitate better performance in both fee-for-service and value-based arrangements for health systems and their physician partners. The progression of value-based care will either help address or continue to compound the problem. Health systems that fail to adapt their care model and redefine their relationships with employed and independent physicians will continue to face financial challenges.

However, a growing number of systems, such as Health First, Novant Health, and OhioHealth, recognized this opportunity and reevaluated their broader network strategy through a partnership with Privia Health.

“We recognized Privia as having best-in-class practice management solutions and population health capabilities,” Leelee Thames, MD, Senior Vice President & Chief Value Officer at Novant Health Enterprises, told the American Medical Association. “It’s not a vendor transactional relationship. You're part of something bigger, and, as a physician, there is empowerment in working alongside your colleagues towards something greater to improve patient outcomes.”

 

Privia’s model aims to unite diverse specialties in a cohesive physician network that enables health systems to stabilize their existing physician footprint, possibly expand geographically with a capital-efficient alignment vehicle, and thoughtfully increase their experience and potential success in risk-based arrangements. This adaptable, complementary, and comprehensive model aligns hospital-employed and community physicians across four key domains:

 

 

Download the whitepaper for an in-depth look into how Privia’s flexible model supports medical groups and health systems of all shapes, sizes, and geographies.