I have a lot of detailed questions, but maybe I'll just open it up to you. Privia has obviously had a lot of success. It came from essentially nowhere twelve years ago to being a pretty meaningfully sized company. As you think about the business over the next five to 10 years, what do you see as its opportunities, challenges, and relevance? Where are we in 10 years if we fast-forward this conversation?

I firmly believe that purely independent primary care will be extinct in five years. This means you won't find a physician in any market who isn't affiliated or contracted with some organization. It will become unsustainable for small practices, those with one to five doctors, to operate independently because they can't negotiate fee-for-service contracts effectively. No payer is going to increase their fee-for-service rates; they're only going to pay differently, which is through value-based care.