Item 7.01 Regulation FD Disclosure.
Management has not reconciled forward-looking non-GAAP measures to their most directly comparable GAAP measures of operating income and net income. This is because the Company cannot predict with reasonable certainty and without unreasonable efforts the ultimate outcome of certain GAAP components of such reconciliations due to market-related assumptions that are not within our control as well as certain legal or advisory costs, tax costs or other costs that may arise. For these reasons, management is unable to assess the probable significance of the unavailable information, which could materially impact the amount of the future directly comparable GAAP measures.
The information in this Current Report on Form 8-K (including the exhibit) is furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the Report that is required to be disclosed solely by Regulation FD.
We do not have, and expressly disclaim, any obligation to release publicly any updates or any changes in our expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.
Non-GAAP Financial Measures
The Company reports and discusses its operating results using financial measures
consistent with accounting principles generally accepted in
The Company believes that the non-GAAP financial measures presented in this press release are relevant and provide useful information to the Company's management, investors, and other interested parties about the Company's operating performance because the measures allow them to understand and compare the Company's actual and expected operating results during the prior, current and future periods in a more consistent manner. The non-GAAP measures presented in this press release may not be comparable to similarly titled measures used by other companies. These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and reflect an additional way of viewing aspects of the Company's operations that, when viewed with GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provides a more complete understanding of the results of operations and trends affecting the Company's business. These non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to financial measures calculated in accordance with GAAP.
Safe Harbor Statement
This report contains "forward-looking statements" within the meaning of the
--------------------------------------------------------------------------------
inaccurate, actual results may differ materially from past results and those anticipated, estimated or projected. We caution you not to place undue reliance upon any of these forward-looking statements.
Factors related to these risks and uncertainties include, but are not limited
to: compliance with applicable healthcare laws and government regulations in the
heavily regulated industry in which the Company operates; the Company's
dependence on relationships with its medical groups, some of which the Company
does not own; the Company's growth strategy, which may not prove viable and the
Company may not realize expected results; difficulties implementing the
Company's proprietary end-to-end, cloud-based technology solution for Privia
physicians and new medical groups; the high level of competition in the
Company's industry and the Company's failure to compete and innovate; challenges
in successfully establishing a presence in new geographic markets; the Company's
reliance on its electronic medical record vendor, which the Privia Technology
Solution is integrated and built upon; changes in the payer mix of patients and
potential decreases in the Company's reimbursement rates as a result of
consolidation among commercial payers; the Company's use, disclosure, and other
processing of personally identifiable information, including health information,
is subject to the Health Insurance Portability and Accountability Act of 1996
and other federal and state privacy and security regulations; and those factors
referenced in "Risk Factors" in the Company's Form 10-K dated and filed with the
--------------------------------------------------------------------------------
© Edgar Online, source