STOCK TITAN

InnovAge Launches First PACE Center in Florida Providing Comprehensive Healthcare Program for Seniors to Promote Independence

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
InnovAge Holding Corp. launched a new PACE center in Tampa, Florida, with the capacity to serve 1,300 participants. The center offers comprehensive healthcare programs for dual-eligible seniors, including medical and dental services, memory care, and more. InnovAge aims to provide personalized care plans to promote independence and well-being for seniors with Medicare and Medicaid coverage.
Positive
  • None.
Negative
  • None.

TAMPA, Fla., March 04, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), the industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE) launched a new center in Tampa, its first in the state of Florida.

This PACE center has the capacity to serve approximately 1,300 participants. Today’s guests toured the approximately 33,500 square foot center, which includes a medical clinic with 12 exam rooms, a full dental suite, designated space for specialists, dining room, three day rooms, memory care and quiet spaces, three patios, a salon, and more. A relaxing ocean blue color scheme and playful local artwork blanket the center.

“For more than 30 years, InnovAge has been providing critical healthcare programs for seniors across the country, and so, I am honored to celebrate our expansion into the state of Florida,” said Patrick Blair, President and CEO of InnovAge. “Our dedicated team looks forward to ensuring seniors continue to receive the gold standard of health care while maintaining their independence.”

InnovAge provides integrated PACE healthcare and support services to seniors, through a personalized approach that encompasses transportation, in-home care, medication management, dental care, specialty care, physical, occupational, and speech therapy, exercise, social services, meals and nutrition, socialization, recreational activities, and more. This care is delivered at no cost to seniors with Medicare and Medicaid coverage.

InnovAge tailors healthcare services to each participant, through customized care plans developed in partnership with seniors, their loved ones, and the company’s healthcare providers, helping to empower seniors and promote independence and well-being. InnovAge centers are embedded in the communities seniors live in and are uniquely positioned to help them holistically. InnovAge currently serves seniors in California, Colorado, New Mexico, Pennsylvania, Virginia, and Florida.

Media Contact:
Lara Hazenfield
InnovAge Public Relations Manager
lhazenfield@innovage.com
720-884-7568

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 December 31, 2023, InnovAge served approximately 6,780 participants. As of January 2024, InnovAge operates 19 centers across six states. www.InnovAge.com.

 


FAQ

What is the name of the company mentioned in the press release?

The company mentioned in the press release is InnovAge Holding Corp.

Where is the new PACE center launched by InnovAge located?

The new PACE center launched by InnovAge is located in Tampa, Florida.

How many participants can the new PACE center in Tampa serve?

The new PACE center in Tampa has the capacity to serve approximately 1,300 participants.

What services are offered at the new PACE center in Tampa?

The new PACE center in Tampa offers medical clinic services, dental care, memory care, specialist consultations, dining facilities, day rooms, patios, salon services, and more.

What is the main focus of InnovAge's healthcare programs?

The main focus of InnovAge's healthcare programs is to provide integrated PACE healthcare and support services to seniors through personalized care plans that include transportation, in-home care, medication management, and various therapies and activities.

InnovAge Holding Corp.

NASDAQ:INNV

INNV Rankings

INNV Latest News

INNV Stock Data

642.06M
20.17M
85.04%
11.9%
0.24%
Medical Care Facilities
Services-health Services
Link
United States of America
DENVER