P3 Health Partners Inc

P3 Health Partners Inc. (NASDAQ: PIII) is a patient-centered, physician-led population health management company focused on value-based care for Medicare members. The company operates through capitation arrangements where it receives a fixed percentage of premium for at-risk Medicare members and manages their care through an expansive network of more than 2,100 affiliated primary care providers. P3 operates across 26 counties in five states, providing value-based care coordination, administrative services, and care navigation to improve patient outcomes and lower costs. The company manages approximately 133,000 total lives, including roughly 105,000 at-risk members and 28,000 lives under management service arrangements. P3's business model centers on aligning physician incentives with patient outcomes through population health management, coordinating care within the healthcare system to reduce unnecessary utilization while improving quality. Updated Aug 10, 2026