Capitated Revenue was P3 Health Partners’s largest product and service line in fiscal 2025, bringing in $4.29B of $4.39B (98%).
| Product and Service | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2021 | FY 2021 | FY 2021 | FY 2021 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capitated Revenue | $3.10B | $3.76B | $4.45B | $4.29B | |||||||||
| Health Care, Other | — | $42.20M | $50.56M | — | |||||||||
| Total Other Patient Service Revenue | $44.01M | — | — | — | |||||||||
| Other Patient Service Revenue | $50.87M | $42.20M | $63.58M | $11.71M | |||||||||
| Health Care Coordination Management Fees | — | $24.90M | $31.69M | $32.47M | |||||||||
| Care Coordination / Management Fees | $23.77M | — | — | — | |||||||||
| Health Care Clinical Fees Insurance Revenue | — | $15.58M | $17.80M | $9.17M | |||||||||
| Clinical Fees Insurance Revenue | $18.47M | — | — | — | |||||||||
| Health Care Incentive Fees | — | $1.72M | $1.07M | $48.67M | |||||||||
| Incentive Fees | $714.00K | — | — | — | |||||||||
| Shared Risk Revenue | $1.05M | — | — | — | |||||||||
| Total | $3.24B | $3.88B | $4.62B | $4.39B |
P3 Health Partners brought in $4.39B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. P3 Health Partners regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $4.62B. Capitated Revenue was the largest at $4.29B (97.7%), ahead of Health Care Incentive Fees at $48.67M (1.1%) and Health Care Coordination Management Fees at $32.47M (0.7%). The other two lines brought in $20.88M combined.
P3 Health Partners began breaking out Health Care Coordination Management Fees in fiscal 2023, Health Care Clinical Fees Insurance Revenue in fiscal 2023 and Health Care Incentive Fees in fiscal 2023. P3 Health Partners stopped reporting Health Care, Other ($50.56M in fiscal 2024), Total Other Patient Service Revenue ($44.01M in fiscal 2022), Care Coordination / Management Fees ($23.77M in fiscal 2022) and three others as separate lines.
Health Plan A was P3 Health Partners’s largest revenue line in fiscal 2020, bringing in $443.72M of $1.47B (30%).
| Concentration Risk Type | FY 2019 | FY 2020 |
|---|---|---|
| Health Plan A | — | $443.72M |
| Health Plan B | $40.67M | $337.15M |
| Health Plan C | $83.36M | $198.71M |
| Health Plan D | $18.32M | $188.05M |
| Health Plan E | $117.80M | $86.64M |
| Health Plan F | $80.11M | $73.56M |
| Health Plan G | $60.47M | $67.94M |
| All Other | $35.71M | $77.41M |
| Total | $436.45M | $1.47B |
P3 Health Partners brought in $1.47B from its eight revenue lines in fiscal 2020, the year ended December 31, 2020. P3 Health Partners regrouped these revenue lines after fiscal 2019, so the total does not compare directly with that year's $436.45M. Health Plan A was the largest at $443.72M (30.1%), ahead of Health Plan B at $337.15M (22.9%) and Health Plan C at $198.71M (13.5%). The other five revenue lines brought in $493.61M combined.
Compared with fiscal 2019, Health Plan D grew fastest, up 926.5% to $188.05M, while Health Plan E fell the most, down 26.4% to $86.64M.
P3 Health Partners began breaking out Health Plan A in fiscal 2020, when it brought in $443.72M.
P3 Health Partners (PIII) reports its revenue by product and service and by concentration risk type. In fiscal 2025, Capitated Revenue was its largest product and service line, bringing in $4.29B (97.7% of the total), followed by Health Care Incentive Fees at $48.67M (1.1%).
Capitated Revenue was P3 Health Partners' largest product and service line in fiscal 2025, bringing in $4.29B, or 97.7% of the $4.39B total across its five product and service lines.
Health Plan A was P3 Health Partners' largest revenue line in fiscal 2020, bringing in $443.72M, or 30.1% of the $1.47B total across its eight revenue lines.
Every figure comes from P3 Health Partners' annual financial filings, as reported. Each line keeps the name P3 Health Partners gives it, and years follow its fiscal calendar.
P3 Health Partners' revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.