STOCK TITAN

InnovAge Celebrates 35 Years of Transforming Senior Care

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

InnovAge Holding Corp. (Nasdaq: INNV), the largest Program of All-inclusive Care for the Elderly (PACE) provider in the U.S., marks its 35th anniversary of transforming senior care. Since its 1989 founding, InnovAge has expanded from one pilot location to 20 centers across 6 states, serving approximately 7,210 current participants and a total of 24,440 seniors throughout its history.

PACE, available in 33 states and D.C., offers comprehensive care for seniors who might otherwise require nursing home care, funded primarily through Medicare and Medicaid. The company continues to enhance its services with new technologies, PACE-customized electronic medical records, in-house dental and behavioral health care, Medicaid enrollment assistance, and 24/7 support. With proposed federal legislation including the PACE Anytime and Elizabeth Dole Acts, InnovAge aims to expand access to more eligible seniors.

InnovAge Holding Corp. (Nasdaq: INNV), il più grande fornitore di Programmi di Assistenza Completa per gli Anziani (PACE) negli Stati Uniti, celebra il suo 35° anniversario di trasformazione dell'assistenza agli anziani. Dalla sua fondazione nel 1989, InnovAge è passata da una sola sede pilota a 20 centri in 6 stati, servendo circa 7.210 partecipanti attuali e un totale di 24.440 anziani nel corso della sua storia.

PACE, disponibile in 33 stati e D.C., offre assistenza completa per gli anziani che altrimenti potrebbero necessitare di cure in casa di riposo, finanziata principalmente tramite Medicare e Medicaid. L'azienda continua a migliorare i propri servizi con nuove tecnologie, cartelle cliniche elettroniche personalizzate per il PACE, assistenza dentale e sanitaria comportamentale interne, supporto per l'iscrizione a Medicaid e assistenza 24 ore su 24, 7 giorni su 7. Con la proposta di legislazione federale inclusi gli atti PACE Anytime e Elizabeth Dole, InnovAge punta ad espandere l'accesso a un numero maggiore di anziani idonei.

InnovAge Holding Corp. (Nasdaq: INNV), el mayor proveedor del Programa de Atención Integral para Personas Mayores (PACE) en los EE. UU., celebra su 35° aniversario transformando la atención a los ancianos. Desde su fundación en 1989, InnovAge ha crecido de una ubicación piloto a 20 centros en 6 estados, atendiendo aproximadamente a 7,210 participantes actuales y un total de 24,440 ancianos a lo largo de su historia.

PACE, disponible en 33 estados y D.C., ofrece atención integral para ancianos que de otro modo podrían necesitar cuidados en un hogar de ancianos, financiada principalmente a través de Medicare y Medicaid. La empresa continúa mejorando sus servicios con nuevas tecnologías, registros médicos electrónicos personalizados para PACE, atención dental y de salud conductual interna, asistencia para la inscripción en Medicaid y soporte 24/7. Con la legislación federal propuesta, incluidos los actos PACE Anytime y Elizabeth Dole, InnovAge pretende ampliar el acceso a más ancianos elegibles.

InnovAge Holding Corp. (Nasdaq: INNV)는 미국에서 가장 큰 노인 통합 돌봄 프로그램(PACE) 제공업체로, 35주년을 기념합니다. 1989년에 설립된 이후, InnovAge는 한 곳의 파일럿 위치에서 6개 주에 20개 센터로 확장되어 현재 약 7,210명의 참가자와 총 24,440명의 노인을 지원하고 있습니다.

PACE는 33개 주와 D.C.에서 제공되며, 요양원이 아닌 다른 공간에서 생활하는 노인들에게 포괄적인 돌봄을 제공합니다. 주로 메디케어와 Medicaid를 통해 자금을 지원합니다. 이 회사는 새로운 기술, PACE 맞춤형 전자 의료 기록, 내부 치과 및 행동 건강 관리, Medicaid 등록 지원, 24/7 지원 서비스를 통해 서비스를 지속적으로 개선하고 있습니다. PACE Anytime 및 Elizabeth Dole 법안을 포함한 연방 법안이 제안되면서, InnovAge는 더 많은 자격이 있는 노인에게 접근할 수 있도록 확장하려고 합니다.

InnovAge Holding Corp. (Nasdaq: INNV), le plus grand fournisseur de Programme de Soins Complémentaires pour Personnes Âgées (PACE) aux États-Unis, marque son 35e anniversaire de transformation des soins aux seniors. Depuis sa création en 1989, InnovAge est passée d'un site pilote à 20 centres dans 6 états, servant environ 7 210 participants actuels et un total de 24 440 seniors tout au long de son histoire.

PACE, disponible dans 33 états et D.C., offre des soins complets aux seniors qui pourraient autrement nécessiter des soins en maison de retraite, financés principalement par Medicare et Medicaid. L'entreprise continue d'améliorer ses services grâce à de nouvelles technologies, des dossiers médicaux électroniques personnalisés pour PACE, des soins dentaires et de santé comportementale en interne, une assistance à l'inscription Medicaid, et un soutien 24/7. Avec des propositions législatives fédérales, y compris les lois PACE Anytime et Elizabeth Dole, InnovAge vise à élargir l'accès à un plus grand nombre de seniors éligibles.

InnovAge Holding Corp. (Nasdaq: INNV), der größte Anbieter des Programms für umfassende Pflege für Senioren (PACE) in den USA, feiert sein 35-jähriges Bestehen in der Transformation der Seniorenpflege. Seit seiner Gründung im Jahr 1989 hat sich InnovAge von einem Pilotstandort auf 20 Zentren in 6 Bundesstaaten ausgeweitet und betreut derzeit rund 7.210 aktive Teilnehmer und insgesamt 24.440 Senioren in seiner gesamten Geschichte.

PACE, verfügbar in 33 Bundesstaaten und D.C., bietet umfassende Pflege für Senioren, die sonst möglicherweise Pflege in einem Altersheim benötigen würden, finanziert hauptsächlich über Medicare und Medicaid. Das Unternehmen verbessert weiterhin seine Dienstleistungen mit neuen Technologien, PACE-spezifischen elektronischen Patientenakten, interner zahnärztlicher und psychischer Gesundheitsversorgung, Unterstützung bei der Medicaid-Anmeldung und 24/7-Support. Mit vorgeschlagenem Bundesrecht, einschließlich des PACE Anytime und Elizabeth Dole Gesetze, zielt InnovAge darauf ab, den Zugang für mehr berechtigte Senioren zu erweitern.

Positive
  • None.
Negative
  • None.

Has helped over 24,400 Seniors Age Safely at Home Since Its Inception

DENVER, Dec. 12, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), the nation’s largest provider of the Program of All-inclusive Care for the Elderly (PACE) based on census, proudly celebrates 35 years of empowering seniors to age independently in their homes and communities.

PACE has been InnovAge's focus since the company’s founding in 1989, growing from a single pilot location to 20 locations in 6 states. As of September 30, 2024, InnovAge served approximately 7,210 participants, and throughout its history, served 24,440 enrolled seniors.

“On behalf of our entire team at InnovAge, we are honored to be able to reach this milestone,” said Patrick Blair, InnovAge CEO. “We want to continue to be at the forefront of expanding access to the nation’s many underserved, eligible seniors through this comprehensive PACE model of care. This aligns with our mission to help seniors across the country live longer, healthier lives with dignity and autonomy — and that care disparities and inequities be eliminated.”

Available in 33 states and the District of Columbia, predominantly through a combination of Medicare and Medicaid funding, PACE provides intimately collaborative and highly coordinated care that addresses all aspects of health for older adults who might otherwise turn to nursing homes. With proposed federal legislation to expand the availability of PACE, including through the PACE Anytime and Elizabeth Dole Acts, Blair says he believes the program is well-positioned to fill a critical need in home-based, integrated care to an even larger group of the aging population.

InnovAge continues to advance its care model to meet the evolving needs of its participants. This includes significant clinical and operational transformations, including new technologies to enhance care, PACE-customized electronic medical records, in-house dental and behavioral health care services, Medicaid enrollment assistance, 24/7 in-home support, after-hours nursing care, and more.

About InnovAge
InnovAge is a market leader in managing the care of high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). With a mission of enabling older adults to age independently in their own homes for as long as safely possible, InnovAge’s patient-centered care model is designed to improve the quality of care its participants receive while reducing over-utilization of high-cost care settings. InnovAge believes its PACE healthcare model is one in which all constituencies — participants, their families, providers, and government payors — “win.” As of September 30, 2024, InnovAge served approximately 7,210 participants across 20 centers in six states. https://www.innovage.com/

Lara Hazenfield
InnovAge Public Relations Manager
lhazenfield@innovage.com
John Eddy
Goldin Solutions for InnovAge
InnovAge@goldinsolutions.com

FAQ

How many seniors has InnovAge (INNV) served since its founding in 1989?

InnovAge has served a total of 24,440 enrolled seniors since its founding in 1989, with approximately 7,210 current participants as of September 30, 2024.

What is the current geographic presence of InnovAge (INNV) in 2024?

InnovAge operates 20 locations across 6 states, while PACE services are available in 33 states and the District of Columbia.

What new services has InnovAge (INNV) implemented to enhance its care model?

InnovAge has implemented new technologies, PACE-customized electronic medical records, in-house dental and behavioral health care services, Medicaid enrollment assistance, 24/7 in-home support, and after-hours nursing care.

What potential expansion opportunities exist for InnovAge (INNV) through federal legislation?

InnovAge could expand through proposed federal legislation, including the PACE Anytime and Elizabeth Dole Acts, which aim to increase the availability of PACE services to more eligible seniors.

How many participants does InnovAge (INNV) currently serve as of September 2024?

As of September 30, 2024, InnovAge serves approximately 7,210 participants through its PACE program.

InnovAge Holding Corp.

NASDAQ:INNV

INNV Rankings

INNV Latest News

INNV Stock Data

521.38M
20.22M
85.03%
11.9%
0.22%
Medical Care Facilities
Services-health Services
Link
United States of America
DENVER