We got an exclusive look at the financials of Privia, an under-the-radar upstart taking on the primary care industry
Morsa Images/ Getty ImagesWhen One Medical filed to go public with the US Securities and Exchange Commission in January, its filing gave a comprehensive look at the financials behind a primary care provider with national ambitions.
The company's net losses deepened as membership climbed, the filing shows. From 2017 to 2018, losses widened from $31.7 million to $44.4 million. For the first nine months of 2019, One Medical's net loss was $34.2 million, and it took in $199 million in revenue over the same period. For instance, Aledade, a a six-year-old startup that works with independent primary care practices so that they can get paid based on how well they care for patients rather than based on how many visits they have, told Business Insider the company plans to grow its revenue by 97% between 2019 and 2020 to an expected $150 million. It said it expects to be profitable this year.
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