regulatory
confidence high
sentiment positive
materiality 0.75
California DHCS lifts enrollment sanction on InnovAge's Sacramento PACE center
InnovAge Holding Corp.
- DHCS released Sacramento PACE center from enrollment sanction effective May 1, 2023.
- CMS had previously released its sanction in November 2022; both sanctions now lifted.
- Resumption of normal enrollment of eligible seniors into the PACE program at Sacramento center.
- Post-sanction corrective actions and monitoring required by CMS and DHCS.
- CEO Patrick Blair credits team and regulatory partnership for achieving sanction removal.