InnovAge Enhances Leadership Team for Better Healthcare Service
InnovAge Holding Corp. (Nasdaq: INNV) is making significant strides in its leadership structure by appointing Michael Scarbrough as its President and Chief Operating Officer, alongside promoting Maria Lozzano as President of Pharmacy Services. This strategic move reflects InnovAge's ongoing commitment to delivering comprehensive healthcare programs tailored for dual-eligible seniors.
Transition in Executive Leadership
The shift in leadership comes as Christine Bent decides to step down from her role as COO to pursue new career opportunities. Scarbrough's elevation to President and COO is also part of a strategic plan to separate these roles, allowing for a more focused approach to achieving the company’s priorities.
In acknowledging Bent’s contributions, Patrick Blair, CEO, expressed the organization's gratitude for her service, which helped lay the foundation for a scalable infrastructure that enhances participant experiences.
Scarbrough's Healthcare Expertise
Michael Scarbrough's extensive experience, spanning over 30 years in the healthcare sector, positions him ideally to lead InnovAge through its next phase. His background includes significant roles in healthcare operational leadership, network development, and expertise with government programs. Previously, he served as the CEO of Optum at Home, where he oversaw services for 800,000 Medicare Advantage D-SNP members.
Before his tenure at Optum, Scarbrough co-founded Prospero Health, focusing on home-based advanced primary and palliative care. This wealth of experience is expected to serve him well as InnovAge aims to innovate care delivery models that expand choices for participants and enhance overall care quality.
Lozzano's New Role and Contributions
Maria Lozzano’s promotion to President of Pharmacy Services comes after her success as Senior Vice President and Chief Business Development Operations Officer. Her expertise in improving center performance and facilitating market expansions will be critical as she leads efforts to redefine InnovAge’s pharmacy operating model.
Patrik Blair reaffirmed his confidence in Lozzano, noting her remarkable impact over her nearly eight years with InnovAge. Her strategic vision will aim for better experiences for participants while ensuring cost efficiency within pharmacy services.
About InnovAge and Its Mission
InnovAge is recognized as a leader in delivering specialized care to high-cost, dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). The company’s mission revolves around supporting older adults in maintaining their independence and quality of life. As of mid-2024, InnovAge services impacted approximately 7,020 participants across 20 centers in various states.
InnovAge's patient-centric approach aspires to minimize excess use of costly healthcare services while promoting a collaborative environment among participants, their families, healthcare providers, and government payors. This holistic strategy aims to ensure that all parties achieve favorable outcomes.
Contact Information
Investor Contact:
Ryan Kubota
RKubota@InnovAge.com
Media Contact:
Lara Hazenfield
Lhazenfied@InnovAge.com
Frequently Asked Questions
Who is the new COO of InnovAge?
Michael Scarbrough has been appointed as the new President and Chief Operating Officer of InnovAge.
What changes have been made in InnovAge's leadership?
Michael Scarbrough has been appointed COO, while Maria Lozzano has been promoted to President of Pharmacy Services, enhancing the executive team.
What is InnovAge's primary mission?
InnovAge aims to support dual-eligible seniors to age independently by providing comprehensive healthcare services through the PACE program.
How many participants does InnovAge serve?
As of mid-2024, InnovAge serves approximately 7,020 participants across its centers.
What type of services does InnovAge offer?
InnovAge offers healthcare programs specifically designed for seniors, focusing on comprehensive care that improves quality of life and reduces unnecessary healthcare utilization.
