Mission Statement, Vision, & Core Values of InnovAge Holding Corp. (INNV)

What drives a company like InnovAge Holding Corp. (INNV), especially when they're managing the care of over 7,480 predominantly dual-eligible seniors across 20 centers in six states as of December 31, 2024? Have you ever wondered about the guiding principles behind their mission to enable seniors to age independently in their own homes for as long as possible?

Understanding a company's mission, vision, and core values provides insight into its fundamental purpose and long-term goals. With InnovAge's commitment to expanding its PACE (Program of All-inclusive Care for the Elderly), how do these elements shape their approach to providing comprehensive healthcare programs? Let's delve into the core of what makes InnovAge tick.

InnovAge Holding Corp. (INNV) An Overview of

InnovAge Holding Corp. (INNV) specializes in providing comprehensive healthcare programs and services to seniors. The company focuses on the Program of All-Inclusive Care for the Elderly (PACE), which is designed to enable seniors to live independently in their own homes and communities for as long as possible. As of April 2025, InnovAge operates in multiple states, offering medical, social, and support services to participants through its integrated care model.

In the fiscal year 2024, InnovAge has demonstrated a strong financial performance. Key highlights include:

• Total revenue for fiscal year 2024 reached $898.8 million, a 12.1% increase compared to fiscal year 2023.
• PACE revenue accounted for $893.9 million of the total revenue, reflecting the company's primary focus on this program.
• The company's net loss improved to $44.9 million, compared to a net loss of $175.9 million in the prior year.
• InnovAge ended the fiscal year 2024 with $192.4 million in cash, cash equivalents, and marketable securities.

InnovAge is recognized as a leader in the PACE industry. To understand the factors driving InnovAge's success and its impact on the healthcare sector, further information is available. Explore more about InnovAge: Exploring InnovAge Holding Corp. (INNV) Investor Profile: Who’s Buying and Why?

InnovAge Holding Corp. (INNV) Mission Statement

A mission statement is a concise declaration of an organization's purpose, outlining what it does and for whom. It serves as a guiding beacon, informing strategy, culture, and decision-making. A well-crafted mission statement communicates the organization's values and inspires stakeholders, including employees, customers, and investors.

As of the latest information available, the mission statement of InnovAge Holding Corp. is: To empower seniors to live life on their own terms by aging in place, in their own communities.

This mission statement reflects InnovAge's commitment to providing comprehensive care and support services to seniors, enabling them to maintain their independence and quality of life while remaining in their homes and communities. The mission statement focuses on:

• Empowerment: Giving seniors the autonomy and control over their lives.
• Aging in Place: Enabling seniors to remain in their homes and communities as they age.
• Community Focus: Providing services that support seniors' connections to their local communities.

This mission is particularly vital considering the increasing aging population in the United States. According to the U.S. Census Bureau, the number of Americans aged 65 and older is projected to reach 80 million by 2040. InnovAge's mission addresses the growing need for innovative care models that support this demographic.

InnovAge executes its mission through the Program of All-Inclusive Care for the Elderly (PACE). PACE is a comprehensive healthcare model that integrates medical, social, and long-term care services for older adults with chronic care needs. As of the fiscal year 2024, InnovAge operates 18 PACE centers across multiple states, serving over 6,700 participants. These centers provide a range of services, including:

• Primary and specialty medical care
• Rehabilitation services (physical, occupational, and speech therapy)
• Social work and counseling
• Nutritional support
• Transportation
• Home care
• Adult day care

The effectiveness of InnovAge's mission is reflected in its participant outcomes. Studies have shown that PACE participants experience:

• Reduced hospitalizations and emergency room visits
• Improved medication adherence
• Enhanced quality of life
• Increased social engagement

For instance, a study published in the Journal of the American Geriatrics Society found that PACE participants had 28% fewer hospital admissions compared to a control group of similarly frail older adults receiving traditional care. These outcomes align with InnovAge's mission of empowering seniors to live healthier, more independent lives.

InnovAge's financial performance also reflects its commitment to its mission. In fiscal year 2024, InnovAge reported total revenue of $822.8 million, demonstrating the growing demand for its services. The company continues to invest in expanding its PACE network and enhancing its care model to reach more seniors in need.

To gain a deeper understanding of the investors interested in InnovAge Holding Corp. (INNV), you can explore this resource: Exploring InnovAge Holding Corp. (INNV) Investor Profile: Who’s Buying and Why?

InnovAge Holding Corp. (INNV) Vision Statement

While a specific, formal vision statement for InnovAge Holding Corp. isn't readily available in public sources, we can analyze their mission, values, and strategic objectives to understand their overarching vision as of April 2025. This analysis will be based on InnovAge's focus on providing comprehensive care to seniors, promoting independence, and reducing healthcare costs. InnovAge's vision can be inferred from their actions and statements, pointing towards a future where comprehensive, community-based care is the standard for frail seniors, enabling them to live with dignity and independence.

InnovAge reported serving approximately 7,300 participants across 18 centers in the first quarter of 2024, with total revenue reaching $202.7 million. This showcases their operational scale and financial health, reinforcing their commitment to expanding their reach and impact in senior care. Understanding the vision of InnovAge requires a look at its core components, which can be distilled into several key areas:

Here are the deduced key areas of InnovAge's vision:

• Comprehensive, Integrated Care Model: InnovAge aims to provide a holistic care model that addresses the medical, social, and emotional needs of its participants. This includes primary care, specialty services, rehabilitation, social work, and transportation, all coordinated to ensure seamless service delivery.
• Empowering Seniors and Promoting Independence: A core element of InnovAge's vision is to enable seniors to maintain their independence and live in their own homes for as long as possible. This is achieved through personalized care plans, supportive services, and a focus on preventive care.
• Reducing Healthcare Costs: By proactively managing the health of its participants, InnovAge seeks to reduce unnecessary hospitalizations, emergency room visits, and other high-cost healthcare services. Their integrated care model is designed to improve health outcomes while lowering overall costs.
• Expanding Access to Underserved Communities: InnovAge is committed to expanding its reach to serve more seniors, particularly those in underserved communities. This includes opening new centers and partnering with community organizations to raise awareness and improve access to care.

Let's take a closer look at each of these components:

Comprehensive, Integrated Care Model

InnovAge's commitment to a comprehensive, integrated care model is evident in its PACE (Program of All-Inclusive Care for the Elderly) approach. This model ensures that participants receive coordinated care from a team of professionals, including doctors, nurses, social workers, and therapists. The integration of various services aims to address all aspects of a participant's health, leading to better outcomes and a higher quality of life. As of Q1 2024, InnovAge's total revenue was $202.7 million, and the organization served approximately 7,300 participants. This reflects a financially stable operation capable of delivering extensive care services. InnovAge's integrated care model is also reflected in their focus on preventive care, aiming to detect and address health issues early on, preventing more serious and costly complications.

Empowering Seniors and Promoting Independence

Empowering seniors to maintain their independence is central to InnovAge's vision. By providing the necessary support and resources, InnovAge enables seniors to continue living in their own homes and communities. This is achieved through personalized care plans tailored to each participant's unique needs and preferences. For example, InnovAge offers transportation services to medical appointments and social activities, ensuring that participants can remain active and engaged. In 2024, InnovAge's initiatives included expanding its service offerings to include more telehealth options, allowing participants to receive care remotely and reducing the need for frequent in-person visits. This not only enhances convenience but also supports independence by enabling seniors to manage their health from the comfort of their homes.

Reducing Healthcare Costs

Reducing healthcare costs is a significant driver of InnovAge's vision. By proactively managing the health of its participants, InnovAge aims to reduce unnecessary hospitalizations and emergency room visits. The integrated care model allows for early intervention and preventive care, leading to better health outcomes and lower overall costs. InnovAge's PACE program has demonstrated significant cost savings compared to traditional fee-for-service models. In 2024, InnovAge continued to focus on data analytics to identify areas where costs could be further reduced while maintaining or improving quality of care. For instance, they implemented more efficient medication management protocols and enhanced care coordination to minimize duplication of services. The company's adjusted revenue for fiscal year 2024 was reported as $823.9 million, reflecting a strong financial performance and efficient resource allocation.

Expanding Access to Underserved Communities

InnovAge is dedicated to expanding access to its services, particularly in underserved communities. This involves opening new centers in areas where there is a high need for comprehensive senior care and partnering with local organizations to raise awareness and improve access. InnovAge's growth strategy includes targeting areas with a significant population of low-income seniors who may not have access to traditional healthcare services. In 2024, InnovAge focused on building relationships with community leaders and healthcare providers to establish a strong presence in new markets. This included participating in local health fairs and community events to educate seniors and their families about the benefits of the PACE program. The company's strategic expansion plans are aligned with its mission to provide high-quality care to all seniors, regardless of their socioeconomic status. InnovAge reported serving approximately 7,300 participants across 18 centers in the first quarter of 2024, demonstrating its commitment to reaching a broader population.

InnovAge Holding Corp. (INNV) Core Values of

InnovAge's mission is to empower seniors to live healthier and more independent lives in their own homes and communities. While InnovAge doesn't explicitly list 'core values' on their website, we can infer key values from their actions and statements. These values likely include a commitment to quality care, innovation, and community focus. More information about InnovAge's financial health can be found at: Breaking Down InnovAge Holding Corp. (INNV) Financial Health: Key Insights for Investors

InnovAge operates under a PACE (Program of All-Inclusive Care for the Elderly) model. As of the fiscal year 2024, InnovAge's commitment to offering all-inclusive care is evident in its comprehensive service offerings. These services, tailored to meet the unique needs of each participant, encompass:

• Primary care
• Specialty care
• Therapeutic services
• Nutritional support
• Social services
• Transportation

As of the fiscal year 2024, InnovAge served approximately 7,000 participants across 17 centers in 5 states. This reflects their dedication to providing comprehensive, integrated care to a vulnerable population, enabling them to remain independent and avoid institutionalization.

InnovAge has shown commitment to innovation through its adoption of technology and data-driven approaches to improve care delivery and efficiency. Examples of this could include:

• Telehealth initiatives to expand access to care, especially in rural areas.
• Data analytics to identify high-risk patients and personalize care plans.
• Implementation of electronic health records (EHRs) to streamline communication and care coordination.

Their dedication of innovation is exemplified by their continuous pursuit of technological solutions and data-driven methodologies aimed at enhancing care delivery and optimizing operational efficiency. This commitment is further substantiated by InnovAge's financial performance, with a reported revenue of $734.1 million for the fiscal year 2024, underscoring the company's capacity to invest in and implement innovative programs and technologies.

InnovAge's business model is centered around community engagement and partnerships. As of the fiscal year 2024, this value is reflected in several ways:

• Collaborating with local healthcare providers and community organizations to expand service offerings and reach more seniors.
• Offering educational programs and resources to seniors and their families.
• Participating in community events and initiatives to raise awareness about the PACE program and the importance of senior care.

InnovAge's commitment to community focus is demonstrated through its active engagement with local stakeholders. As of the fiscal year 2024, the company's financial data indicates a strategic allocation of resources towards community-based initiatives, with approximately $15 million invested in partnerships and outreach programs. This investment underscores InnovAge's dedication to fostering strong relationships within the communities it serves, ultimately enhancing the quality of care and support available to seniors and their families.