InnovAge Holding Corp. (INNV)

Overview

InnovAge Holding Corp. is a company dedicated to supporting seniors who require assistance to live independently within their homes and communities. It operationalizes its services through the Program of All-Inclusive Care for the Elderly (PACE) model. InnovAge aims to provide a comprehensive care solution that emphasizes the importance of allowing seniors to continue living in their familiar surroundings while receiving the medical and ancillary services they need. Originally known as TCO Group Holdings, Inc., the organization rebranded to InnovAge Holding Corp. in January 2021. Founded in 2007, InnovAge has its headquarters located in Denver, Colorado, and it operates PACE centers across Colorado, California, New Mexico, Pennsylvania, and Virginia, serving participants throughout the United States.

Products and Services

InnovAge Holding Corp. offers an array of services aimed at facilitating independent living for seniors, categorized into in-home care services, in-center services, transportation, and care management:

• In-home Care Services:

  This category includes a variety of services delivered at the client's home, ranging from skilled and unskilled medical care to personal care services. These services are designed to meet the health and personal care needs of seniors, allowing them to maintain their independence while receiving necessary support.

• In-center Services:

  In-center services are provided at InnovAge PACE centers and include primary care, physical therapy, occupational therapy, speech therapy, dental services, as well as mental health and psychiatric services. Additionally, seniors have access to meals and a variety of activities, facilitating social interaction and promoting overall well-being.

• Transportation:

  Recognizing the challenge that transportation can pose for seniors, InnovAge offers transportation services to the PACE center for routine care and activities, as well as to appointments with third-party medical providers. This service is crucial for ensuring participants can access all facets of their healthcare and related services without the barriers that lack of transportation can create.

• Care Management:

  This comprehensive service encompasses the coordination of all aspects of the participants' care plans, including medical and non-medical services. The aim is to provide a holistic approach to care that addresses all the participant’s needs, ensuring they receive timely, personalized care tailored to their specific circumstances.