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Provident Healthcare Partners Provident Healthcare Partners

Q1 2024 Primary Care Update

Provident Healthcare Partners
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Q1 2024 Primary Care Update

Primary Care has continued to be a sector of considerable interest among healthcare services investors, as the continued shift towards risk-based payment models places increased value on preventative care and outcomes-based programs which primary care providers are uniquely positioned to offer. These structural market trends provide consistent support for M&A activity and valuation levels across the space, despite macroeconomic challenges impacting overall deal flow.

Despite these tailwinds, the market has experienced obstacles in the shift towards value-based care. Several groups have experienced rising medical costs and increased utilization that negatively impacted bottom-line performance. Further, risk-taking groups will need to navigate the continued impact of CMS-HCC Version 28 that is expected to have a modest downward impact on RAF scores, decreasing shared savings payments under certain models. Groups that can navigate these conditions will be well-positioned for future growth.

To print and download the full Primary Care Update report, please click below…

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