Capitated Revenue was P3 Health Partners’s largest product and service line in fiscal 2025, bringing in $1.43B of $1.46B (98%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Capitated Revenue | $1.03B | $1.25B | $1.48B | $1.43B | |||
| Other Patient Service Revenue | — | — | — | — | |||
| Health Care Coordination Management Fees | — | $8.30M | $10.56M | $10.82M | |||
| Care Coordination / Management Fees | $7.92M | — | — | — | |||
| Health Care Clinical Fees Insurance Revenue | — | $5.19M | $5.93M | $3.06M | |||
| Clinical Fees & Insurance Revenue | $6.16M | — | — | — | |||
| Health Care Incentive Fees | — | $573.00K | $356.00K | $16.22M | |||
| Incentive Fees | $238.00K | — | — | — | |||
| Shared Risk Revenue | $351.00K | — | — | — | |||
| Total | $1.05B | $1.27B | $1.50B | $1.46B |
P3 Health Partners brought in $1.46B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 2.8% from $1.50B in fiscal 2024. Capitated Revenue was the largest at $1.43B (97.9%), ahead of Health Care Incentive Fees at $16.22M (1.1%) and Health Care Coordination Management Fees at $10.82M (0.7%). The remaining line, Health Care Clinical Fees Insurance Revenue, brought in $3.06M.
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 Care Coordination / Management Fees ($7.92M in fiscal 2022), Clinical Fees & Insurance Revenue ($6.16M in fiscal 2022), Shared Risk Revenue ($351.00K in fiscal 2022) and one other as separate lines.
Health Plan A was P3 Health Partners’s largest revenue line in fiscal 2020, bringing in $147.91M of $491.06M (30%).
| Health Plan Name | FY 2019 | FY 2020 |
|---|---|---|
| Health Plan A | — | $147.91M |
| Health Plan B | $13.56M | $112.38M |
| Health Plan C | $27.79M | $66.24M |
| Health Plan D | $6.11M | $62.68M |
| Health Plan E | $39.27M | $28.88M |
| Health Plan F | $26.70M | $24.52M |
| Health Plan G | $20.16M | $22.65M |
| All Other | $11.90M | $25.80M |
| Total | $145.48M | $491.06M |
P3 Health Partners brought in $491.06M 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 $145.48M. Health Plan A was the largest at $147.91M (30.1%), ahead of Health Plan B at $112.38M (22.9%) and Health Plan C at $66.24M (13.5%). The other five revenue lines brought in $164.54M combined.
Compared with fiscal 2019, Health Plan D grew fastest, up 926.5% to $62.68M, while Health Plan E fell the most, down 26.4% to $28.88M.
P3 Health Partners began breaking out Health Plan A in fiscal 2020, when it brought in $147.91M.
As Previously Reported was P3 Health Partners’s largest revenue line in fiscal 2020, bringing in $485.54M of $491.06M (99%).
| Revision of Prior Period | FY 2019 | FY 2020 |
|---|---|---|
| As Previously Reported | $145.89M | $485.54M |
| Revenue Adjustment | -$412.72K | $5.52M |
| Total | $145.48M | $491.06M |
P3 Health Partners brought in $491.06M from its two revenue lines in fiscal 2020, the year ended December 31, 2020. That was up 237.5% from $145.48M in fiscal 2019. As Previously Reported was the largest at $485.54M (98.9%), ahead of Revenue Adjustment at $5.52M (1.1%).
P3 Health Partners (PIIIW) reports its revenue by product and service, by health plan name and by revision of prior period. In fiscal 2025, Capitated Revenue was its largest product and service line, bringing in $1.43B (97.9% of the total), followed by Health Care Incentive Fees at $16.22M (1.1%).
Capitated Revenue was P3 Health Partners' largest product and service line in fiscal 2025, bringing in $1.43B, or 97.9% of the $1.46B total across its four product and service lines.
Health Plan A was P3 Health Partners' largest revenue line in fiscal 2020, bringing in $147.91M, or 30.1% of the $491.06M 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.