InnovAge and Tampa General Hospital Unite to Enhance PACE Care
InnovAge and Tampa General Hospital Forge Joint Venture
InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), a leader in providing senior care through the Program of All-Inclusive Care for the Elderly (PACE), is excited to announce a new joint venture with Tampa General Hospital (TGH) at its Tampa center. This partnership is designed to improve access to quality care for older adults in the Tampa area, with a focus on enhancing the well-being of seniors in Hillsborough, Pasco, and Hernando counties.
Commitment to Quality Care for Seniors
Tampa General Hospital holds the esteemed title of the #1 hospital in the Tampa Bay area for the tenth consecutive year, as reported by U.S. News & World Report. Renowned for its excellence in Geriatrics and as the area’s only academic health system, TGH stands out for providing complex care tailored specifically for seniors. Their commitment to fostering optimal health for older adults has earned them high accolades, including recognition as an Age-Friendly Health System by the Institute for Healthcare Improvement.
InnovAge's PACE Model: Empowering Seniors
The PACE model—Programs for All-Inclusive Care for the Elderly—has proven to be a vital resource that helps seniors maintain their independence at home while receiving necessary medical and support services. PACE encompasses a wide range of coordinated services, including medical, dental, therapeutic, and social needs, along with transportation and in-home assistance. Each participant is supported by an interdisciplinary care team that crafts personalized care plans aimed at optimizing their health and quality of life, often at no cost to those eligible for dual Medicare and Medicaid coverage.
Raising Standards Together
Expressing their enthusiasm for this alliance, Patrick Blair, CEO of InnovAge, stated, "Partnering with Tampa General Hospital is a momentous step towards enhancing the health and quality of life for the communities we serve. By combining our resources and shared commitment to excellence, we aim to extend the proven benefits of the PACE model to a broader spectrum of seniors in the Tampa Bay area." His words highlight the importance of access to comprehensive care that meets the unique needs of elderly residents.
Focused on Innovation
John Couris, President and CEO of Tampa General Hospital, echoed the sentiment, saying, "We seek innovative partners who share our vision for a healthier community. InnovAge exemplifies this commitment to supporting our most vulnerable seniors. Together, we are dedicated to finding innovative solutions that create a lasting impact on the lives of older adults in Tampa Bay." This collaborative effort signifies a mutual dedication to expanding care alternatives and ensuring that seniors receive the care they deserve.
InnovAge Tampa Facility: Supporting Independence
The InnovAge Florida PACE center in Tampa boasts a spacious 35,000-square-foot facility that can accommodate approximately 1,300 seniors. The center offers a wide range of services including primary medical care, specialty consultations, dental services, rehabilitation therapies, and engaging social activities, all coordinated by a committed care team. This facility’s design encourages independence while keeping seniors connected with their communities.
About InnovAge and Tampa General Hospital
InnovAge, a frontrunner in delivering care to high-cost and frail seniors, embraces the PACE model to enhance the quality of life for older adults while minimizing the reliance on expensive care facilities. The company aims to ensure that participants, their families, care providers, and government payors benefit from the PACE system. As of the latest reports, InnovAge serves around 7,530 participants across 20 centers in six states, demonstrating their commitment to senior care.
Tampa General Hospital, meanwhile, stands as a leading academic health system, equipped with 1,529 beds, and is recognized for comprehensive care including trauma and burn treatment. Their innovative approaches encompass advanced technologies such as AI for enhancing patient care across multiple facilities. Moreover, Tampa General provides essential community support through significant net benefits for underinsured patients and educational initiatives within the region.
Frequently Asked Questions
What is the purpose of the InnovAge and Tampa General Hospital partnership?
This joint venture aims to improve access to quality care and community-based services for seniors in the Tampa Bay area.
What services does the PACE model offer?
PACE provides coordinated medical, dental, therapy, and social services to seniors, allowing them to maintain independence while receiving necessary care.
How does InnovAge ensure quality care for its participants?
InnovAge employs an interdisciplinary care team that develops personalized plans focused on promoting health, dignity, and quality of life for each participant.
What recognition has Tampa General Hospital achieved?
TGH has been ranked the #1 hospital in Tampa Bay and recognized for excellence in geriatrics by U.S. News & World Report.
How can seniors benefit from this joint venture?
The partnership will allow more seniors access to comprehensive healthcare solutions, enabling them to live independently and with improved quality of life.
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