DENVER, Dec. 12, 2024 (Globe Newswire) — InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), the nation's largest provider of the Census-based Program of Comprehensive Care for the Elderly (PACE). Haha is proud of its 35 years of helping older adults age independently in their homes and communities.
PACE has been a focus of Innovage since its inception in 1989 and has grown from one pilot location to 20 locations in six states. As of September 30, 2024, Innovage served approximately 7,210 participants and has served 24,440 enrolled seniors throughout its history.
“On behalf of the entire InnovAge team, we are honored to achieve this milestone,” said InnovAge CEO Patrick Blair. “Through this comprehensive PACE care model, we want to continue to be at the forefront of expanding access to the nation's many eligible older adults who are underserved. This is consistent with our mission to help older adults live longer, healthier lives with dignity and autonomy, and to eliminate care disparities and inequalities.”
Available in 33 states and the District of Columbia, PACE is a closely collaborative, highly coordinated system that addresses all aspects of the health of older adults who may rely on nursing facilities, primarily through a combination of Medicare and Medicaid funding. provide the appropriate care. With proposed federal legislation to expand the availability of PACE, such as the PACE Anytime Act and the Elizabeth Dole Act, this program could help meet the critical need for home-based, integrated care for even larger groups. Prime Minister Blair said it was well placed. Population aging.
InnovAge continues to evolve its care model to meet the evolving needs of its participants. This includes new technology to enhance care, PACE-customized electronic health records, in-house dental and behavioral health care services, Medicaid enrollment assistance, 24/7 home support, after-hours nursing care, and more.
About Innovation Age
InnovAge is a market leader in managing the care of high-cost, frail, and primarily dual-eligible seniors through its Program of Comprehensive Care for the Elderly (PACE). With a mission to help seniors live their retirement as safely and independently as possible in their own homes, Innovage's patient-centered care model improves the quality of care participants receive while reducing overutilization of expensive care facilities. designed to improve. InnovAge believes its PACE healthcare model is a “win-win” for all stakeholders: participants, their families, health care providers, and government payers. As of September 30, 2024, Innovage served approximately 7,210 participants at 20 centers in six states. https://www.innovage.com/
