INNV — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-03

• InnovAge Holding Corp. (“InnovAge”) became a public company in March 2021. As of September 30, 2026, the Company served approximately 8,420 PACE participants, and operated 20 PACE centers across six states: California, Colorado, Florida, New Mexico, Pennsylvania, and Virginia. At the beginning of fi…

• Census and capitation revenue. We continued to monitor the delays and increased gaps in eligibility, both for new enrollments and Medicaid redetermination applications, during the first quarter of fiscal year 2027. Such delays and eligibility gaps stem from issues with state enrollment and redetermi…

• Medicaid Spending and Rates. Among other things, the Reconciliation Act has constrained states' use of provider taxes to finance Medicaid programs and some states have mandated changes in order to reduce Medicaid spending. Consequent state budgetary pressures may lead to (i) reductions in state work…

• which will be retroactive for the fiscal year beginning July 1, 2026. We also expect to face Medicaid reimbursement wage pressures from other states that release rates effective January 1, 2027, such as California, which could impact the latter half of our fiscal year. As a result, while we have not…

• State Moratoriums. The California Department of Health Care Services ("DHCS") and, effective October 31, 2026, the Colorado Department of Health Care Policy & Financing have each paused PACE applications for all new PACE organizations and service area expansions until at least November 19, 2027 and …

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• InnovAge Holding Corp. (“InnovAge”) became a public company in March 2021. As of March 31, 2026, the Company served approximately 8,050 PACE participants, and operated 20 PACE centers across California, Colorado, Florida, New Mexico, Pennsylvania, and Virginia.

• In addition, a shortage of clinicians combined with an aging population creates increased demand on the limited number of existing residential facilities. As a result, the access of our participants to such facilities is uncertain, as such facilities may prioritize private payors or may be unable to…

• Census and capitation revenue. The delays and increased gaps in eligibility both for new enrollments and Medicaid redetermination applications that we experienced during fiscal years 2025 and 2024 due to processing delays and other enrollment and redetermination procedures that vary by State and cou…

• Medicaid Spending and Rates. Among other things, the OBBBA has constrained states' use of provider taxes to finance Medicaid programs and some states have mandated changes in order to reduce Medicaid spending. Consequent state budgetary pressures may lead to (i) reductions in state workforce which m…

• PACE, possibly causing delays in eligibility determinations and discharge of other state responsibilities; (ii) reduction or removal of optional Medicaid services from the PACE benefit package; and (iii) pressure on Medicaid capitation rates. In Colorado, where we serve the largest cohort of our PAC…

Text added vs the prior filing · source: 10-Q · 2026-11-03

• this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of September 30, 2026.

• There have been no changes in internal control over financial reporting during the quarter ended September 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• There have been no changes in internal control over financial reporting during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text added vs the prior filing · source: 10-Q · 2026-11-03

• In addition to the information set forth in this report, you should carefully consider the risk factors disclosed in Part I, Item 1A of our 2026 10-K.

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• Information regarding our risk factors is disclosed in Item 1A of our 2025 10-K.