Ep 134 – Transforming Healthcare Through Physician Enablement, with Shawn Morris

What this episode covers

How can primary care physicians retain their independence in planning for future success in value-based care?  A medical practice must have access to capital to optimize physician workflow and improve patient experience; however, if it chooses the wrong partner, physicians will lose autonomy and compromise their own personal wellbeing.  Privia Health is a technology-driven, national physician enablement company that is on a mission to enable doctors and their teams to focus on keeping people healthy. Their goal is to transform healthcare by enabling physicians, and they want to build the largest primary care-centric ambulatory delivery system in the country. With a healthcare provider partner base of over 3,500 providers managing 3.9 million patients across eight states and the District of Columbia, they are well on their way. And their results in value-based care are superlative, as recently demonstrated by their most recent 2021 Performance Year in the Medicare Shared Savings Program yielding $99.9 million in savings. Joining us in the Race to Value this week is Shawn Morris, the Chief Executive Officer of Privia Health. Shawn is a seasoned industry leader focused on building a platform that can transform the healthcare delivery experience for physicians and patients. He is driving initiatives to meet providers where they are on the transition to value, by building strategic partnerships with physicians, health plans, health systems, and employers to better align reimbursements to quality, affordability, patient satisfaction and provider wellbeing. In this podcast interview, you will hear from one of the leading voices in value transformation discussing such topics as risk-based contract progression, the importance of workflow optimization in supporting provider wellbeing, technology enablement based on the tenets of automation and consumer-centric innovation, effective governance and management of physician-led risk-bearing entities, bridging FFS to value through a multipayer contract portfolio, and the national movement to value-based care transformation. Episode Bookmarks: 01:30 Register today for the “Population Health Equity: The North Star for Value” Virtual Event (December 1, 2022) 03:00 Privia Health -- a technology-driven, national physician enablement company leading in value-based care transformation. 04:00 Introduction to Shawn Morris, Chief Executive Officer – Privia Health 06:30 Privia Health has expanded its healthcare provider partner base to over 3,500 providers managing 3.9 million patients across eight states and the District of Columbia. 08:30 “Our goal is to transform healthcare by enabling physicians. We want to build the largest primary care-centric ambulatory delivery system in the country.” 09:00 Shawn describes the value-based care contract portfolio held by Privia’s physician partners. 10:00 Average practice size of a Privia Health practice is 5 clinicians. 11:00 “If you are not focused on both patient experience and provider wellbeing, you cannot achieve success in value-based care.” 11:30 The importance of understanding medical risk to run a success physician practice. 13:00 The five key elements of the Privia Platform to optimize value-based care performance. 15:00 Shawn describes the opportunity for value transformation in a physician practice landscape that is unsophisticated in managing risk. 17:00 Building hubs of transformation within states, starting with Single TIN anchor groups that are enabled by a technology and MSO wraparound capabilities. 18:00 Creating enablement for physicians by embedding insights directly into a unified EMR workflow. 19:00 The challenges of an un-optimized EMR workflow when physicians are forced to click in and out of disparate information systems. 20:00 Enabling provider access through relationship-based care and a purpose-built platf...