Q1 2026 Primary Care Market Update

Published February 2026

Primary care influences approximately 85% of downstream healthcare spend while representing just ~5% of total cost

As reimbursement shifts toward value-based models and fee-for-service margins compress, scaled primary care platforms are increasingly viewed as essential healthcare infrastructure. Investor returns are increasingly differentiated by payor diversification, demonstrated VBC performance, geographic density, and operational sophistication.

Provident’s Primary Care Sector Update & Outlook examines consolidation trends and value creation dynamics across various models:

  1. Pediatrics
  2. Adult Clinic-Based
  3. Senior Living
  4. Home & Community
  5. Women’s Health
  6. Urgent Care
  7. Direct & Concierge
  8. VBC Enablement

You can access a preview of the presentation below. To access the full presentation, please contact Craig Sager at csager@providenthp.com, Michael Patton at mpatton@providenthp.com, Dustin Thompson at dthompson@providenthp.com, Ajeya Shekar at ashekar@providenthp.com, or Brendan Schroeder at bschroeder@providenthp.com.

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