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InnovAge Holding Corp. reports developments tied to its Program of All-inclusive Care for the Elderly (PACE) healthcare delivery platform for frail, predominantly dual-eligible seniors. The company provides comprehensive, capitated care intended to support older adults in home and community settings while managing use of hospitals, emergency rooms, and nursing homes.
Recurring news includes fiscal-quarter results, revenue and Adjusted EBITDA guidance, census and Total Member Months metrics, center performance, investments in clinical teams, technology and quality capabilities, and interactions with policymakers around the PACE model. Company updates also cover board composition, investor presentations, conference participation, and operating execution across its PACE centers.
InnovAge Holding Corp. (Nasdaq: INNV) has appointed John Koehn as Senior Vice President of External Affairs, effective May 13, 2024. Koehn brings extensive experience in healthcare management, previously serving as Market President at AmeriHealth Caritas and Health Plan President for Amerigroup New Jersey. His expertise in P&L, risk management, long-term care, and provider relations aligns with InnovAge's mission to improve care for dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). InnovAge currently serves around 6,820 participants across 19 centers in six states.
InnovAge Holding Corp. announced financial results for the fiscal third quarter ended March 31, 2024, showing total revenues of $193.1 million, an increase of 11.9% compared to the same period in 2023. The company reported a net loss of $6.2 million and adjusted EBITDA of $3.6 million. InnovAge also provided financial guidance for the full fiscal year 2024.
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