regulatory
confidence high
sentiment positive
materiality 0.80
InnovAge announces release of enrollment sanctions for all 6 Colorado PACE centers by CMS and Colorado HCPF
InnovAge Holding Corp.
- CMS and Colorado HCPF lifted enrollment sanctions effective Jan 23, 2023, for InnovAge's six Colorado PACE centers.
- Sanctions release allows InnovAge to resume normal enrollment of eligible seniors in Aurora, Denver, Lakewood, Northern Colorado, Pueblo, and Thornton.
- Post-sanction corrective action and monitoring will be required by regulators to address issues from validation audits.
- This follows CMS's November release of sanctions for InnovAge's Sacramento, California PACE center; company still awaits action from California DHCS.