InnovAge Champions PACE at State Capitols to Protect Critical Care for Seniors

Core Viewpoint - InnovAge Holding Corp. is actively building legislative support for the PACE program, which is recognized for its high-quality, low-risk, and cost-saving benefits for senior care [1][2][3] Group 1: PACE Program Overview - The PACE program is currently available in 33 states and the District of Columbia, primarily funded through Medicare and Medicaid, providing comprehensive care to seniors [1] - Enrolled seniors receive a wide range of services including in-home care, transportation, primary and specialty care, meals, therapy, and social activities [1] Group 2: Cost-Effectiveness and Outcomes - PACE organizations function as providers, payors, and care delivery systems, leading to improved health outcomes and participant satisfaction while saving costs for federal and state partners [2] - PACE participants experience 44% fewer preventable hospitalizations compared to dually eligible Medicaid nursing home residents, demonstrating its effectiveness [3] - The program saves state governments an average of $6,000 per person annually in Medicaid spending compared to nursing homes [3] Group 3: Growth and Recognition - The PACE model is gaining recognition for its outcomes and cost-effectiveness, with the highest growth rate in its history as more states and providers seek to expand the program [3] - The Federal Department of Health and Human Services identified PACE as a consistently high performer in its 2021 report [3] Group 4: Company Profile - InnovAge is a leader in managing care for high-cost, frail seniors through the PACE program, aiming to enable older adults to age independently in their homes [4] - As of December 31, 2024, InnovAge served approximately 7,480 participants across 20 centers in six states [4]