have a purpose, who us appreciation afternoon, our InnovAge support of to a our I like employees, participants of they're Ryan, want my challenging for I'd you, good share reminder very and higher stuck colleagues InnovAge with communities, to each our and daily other. behalf also to by who through begin my all businesses, are On expressing Thank you. thank my to everything our investors the everyone. for gratitude doing period.
the A has months. in happened last XX lot
and have navigated and restrictions. at as InnovAge. associated responsibility disruptions, simultaneously We California. Colorado a It state next pandemic the as enthusiasm we is its great and related federal with well Sacramento, In enrollment begin compliance and chapter
both release XX, of of As as have you State may press Financing, have Colorado's our of in Department which of Policy been Healthcare the our Colorado in CMS by we on census January approximately for total in sanction seen released XX. XX% represented December and
and spent Although improve been we've centers. in quality, it an rebuilding business time extraordinarily compliance months, this challenging standardization, our our to of foundation has of each the XX
staff added upgraded lessons have every across applying and at capabilities, We the and center. the audit talent every organization meaningfully compliance expanded our day
One InnovAge improvement of We it as committed in have a we effectively, as which our and function tools Culturally, are efficiently, and to are us and compliantly. one employees accountable. we refer mindset team, together to help which has holding continual technologies more ourselves brought invested to to
ever, more safely are model to compliance setting, we poised independent focus the are a change, end And of meaningful won't tailwinds an we in the ago. long as care while now with of we more than possible. we're help for there believe difficult And company Simply, were in the our and seniors PACE on as even in nationally. sanction The months future. is next bright of beginning the both XX company's a the period release this of different Colorado than chapter
sophisticated primary of Over plans managed in centers, best primary and of value-based management model Medicare which the in rapid growth care care a care the years, XX last make we've strategies. seen use
front-end XX. of services average the geriatric population is both Medicare believe age the like and PACE of the combines will baby PACE. this boomer Medicaid participants, care about of that of which based approaching coordinated However, We model community best now is require population the more intensive
progress All with want begin comments last that by said, what acknowledging performance. quarterly will in our my a focus remained update, shared today perspectives And on focus the areas and update regulatory the in financial quarter. to consistent we encompass the as the and at us resume regulatory I thinking approach that in our our have the ensure sanctions we partnership They as growth thanking commitment remains solution Colorado. for government through on together. and rightly to compliance sponsors continued and we pushed forefront oriented work our on progress,
I've with that ensure we and remains are focus to will remain to committed we our vigilant them, shared As responsible compliance bedrock. rigorous growth
to this As in discussed enrollment press new we we released March. first state are been our release, free and in have by in to from we enrollee see enrolling Colorado market the our expect agency, sanctions the means which participants. speaking, new Practically don't until CMS begin
with the typical and such by sanction have post conducted we state the years. for the fulfill actions requirements, still couple as to in annual conjunction In sanction processes of audit as next corrective in release, monitoring will is these, including an
November were Regarding Sacramento, recall section XXXX. enrollment from by we CMS the late released in
expect of soon. and to Department word resolutions We continue await Healthcare from Services California's
of meaningful existing work partners markets, in Though and the also closely audits we for formal continue catalyst with conclusion to believe our us. is federal these expect to we state a
in refresh during on Colorado, strategy, been closer addition important novo able which de us more and to we've brings de reengaging existing to step novo becoming execution in Florida with growth period. intentional growth to it other the our states this or an sites organic of reopening our opportunities opening In
centers. our CMS partners go beyond and existing Our our commitments state compliance to
we're operations and better going audit bringing forward. through each paced committed expansive gone to large recent investments are the We it. only state in learned we for multi-state this program believe in that an technology and dedication center We and that and are such has compliance lessons
one partners positioned us value our we And new and it I growth. we near strengthen point. to remarks Frankly, compliance operational priority as is are to potential this number it more my has a The achieving be term Consistent and future. the our our enthusiastic acquirer consistent now closing responsible, should in believe last states how thoughtful and proposition to we quarter, gaps hard be to inflection delivering focus responsible growth. important excellence express shift work from at continues profitable can't with
margin sustainability Our plan for five accelerated as in action growth dimensions. recapture
growth of [ph] increased rate participant our ensuring actuarial setting and based historical level rates to efficiently enrollment rate manage Two, soundness, levels. ensure center base. more better external reflect to and and cost per increased de on and effective same strengthen better through fair First, provider over our fixed capabilities revenue discipline Three, center five, costs. Four, the payer And novo utilization at our run leverage accurately corporate to effectively. [risk population. enhance the scores] discussions acuity operations more
wanted XX center same X,XXX take December to with highlight where as centers XX. center this I growth, We at currently Starting to participants moment have sit we regarding of across a capacity. moment
responsibly. embedded While growth Job the to by is in the of this have varies filling runway start X center capacity capacity market, aggregate, XX%. almost and we
our improve We go-to-market have access talent, compensation messages our expand our marketing plans, expand under time add used content, redesign enrollment educational to referral to caliber sanctions eligible onboard our channels and channels, seniors. new high this train in to and
a meaning few in our markets expect take will to marketing Colorado other and be switch, will partners, dial, accelerating our in stride. a growth we growth ramp partners it enrollment months and hitting new Restarting up referral teams, not a before
a moment de novos. to for Switching
capacity to have behind centers Florida combined the serve the two and investments capital Our X,XXX participants us.
resume to application be process still to With are quarter process XXXX. too to this the the administrative the it as the timing sanctions expect we and operational. exact we opening, Though aim to of begin year fiscal to comment possible early in become ready as lifted, operational, on early is
see we'll on we care we're than ensuring Medicaid a we more price participant. a Like managed Next, center. are plans, focused taker for each premium price of are readouts
While then paid they pace establish reflects participants how much an have paid. from states for discount otherwise that a in have alternative would enrolled in rate Medicaid they general, they determine rate by would vary And program. what our methodologies if were a state,
ensure states rate a amount to caring true for with progress in fair at and need our process experiencing our to been to making participants. We're partner plan we've We continue can improve the cost this talent that paid effectively we're we next reflects great that the and driven expanding for cycle. actuarially already preparation
more completely working area The have our all made. we hard the with acuity our accurately. scores population, very believe second lagged over document the have an the on scores and dimension we've focused accurately our to and of adjustment risk is This I'm ensuring particularly I underlying our last risk months factors population. Medicare is six acuity COVID, pleased the we're of since progress reflect the Medicare onset and of risk
We increased have chronic rates. process condition already executed our have which on improvements, recapture
it of payer at fundamentals believe As to We're to unit best quality improve and big cost we leverage capabilities, by relates strengthening I care lower perspective. care. continue utilization the to total our have used managed this a and payers to opportunity that the the the to cost from coming both
utilization by hospital care admissions facility to length the home. avoid center admissions or readmissions and steps in and side, unnecessary the stay taking the nursing reducing more we're skilled On delivering of and
can lost overpayment We project are that to also forward. identify refining our be and represent claims recovered going payment opportunities avoided that money
efficiency. the reviewing we're and we these goals initiatives of will relative more additive, million care believe a provider balance impact to we size or will ensure And of mutual value quality to collectively, with CVIs be the individually our side, network dollars network portfolio today. call we of cost clinical only our cost composition unit of each as the access while within to the population much On our become external needs material them with of they is initiatives time. near-term few The of
sophisticated take more critical we to While we muscles these managed mature, it day. capability a will it every that as for organizations is expect develop systematically do this care year
excellence areas may complete in identified done. are that they no are success that You operational these participant resolving experience foundational improvement initiatives strong means have driven our a with the pleased and but that XX by near in were audit to employee we I'm report to recall productivity, we we of and deficiencies.
decision to with December operational markets, sanctioning business. excellence despite improvement same made we XX% in roughly retain mindset augment facing and relative a our we markets approach the to conscious continuous across in are those staff applying of even XXXX. the census that declining participant Recall, will We
we period, During the stronger additional serve to clinical this sanctions staff from participants. in more and capacity invested levels emerge leadership staffing we at retain local the ensure that to hiring and
contribution and excess have to fully baseline grow a us some for it's center to expect level cost and but back structure capacity, new this understand time in We margin. into take to going confidence for
to for forward. increases plan growth focus look In and anticipate expect us business. our leverage achieving particular, fixed I post headcount the to As the discipline to sanctions, very about we similar going our redouble corporate cost. we over as scale intentional future foreseeable G&A be
centers productive. The there more the to PACE Additionally, tools more most are implementation ever electronic our prominent are record. leveraging and of recent first EPIC help become of several the specific we is efficient instance medical the example
Virginia implementation with Pennsylvania Now We across XXXX. by expected to end full quarter. fiscal remaining all the anticipate first live in sites year half our two the be in live Virginia the of centers the centers of and
will is interventions. ensuring technology believe needed this the very point processes standardized unlock enthusiastic be cornerstone in We financial a this efficiently, the to more deliver compliant of our quarter, last and information to targeted the will clinical and clinical mentioned operating and company's care, at we're EPIC most capturing time. over more important about history value investment As the
enrollment these operations, be payer revenue We to key forward. areas: of we growth five earnings center call costs, drive, growth, corporate per expect and focus our five capabilities, to drivers moving which participant,
of the of ended sequential to We revenue represent approximately million, our approximately last quarter participants. a turning serving attrition Now and census. the approximately Sacramento, in decline Colorado of to reported X.X%, $XXX.X total XX% quarter, by compared census quarter, driven X,XXX we together which
margin $X.X contribution to compared corresponding of of first contribution contribution the of quarter, XX.X%, million, margin XX.X center of XXXX center and level reported a increase fiscal margin ratio we year XX.X For level million. second quarter million, center level an
coupled As center of at quarter's performance centers current the unremarkable. both half investments our portfolio has The made intentional pressured expected, and to growth. the enroll margins almost is financial the our we've in with inability
more work is in we us However, conditions believe us the front this moment financial behind of strongly as reflective of more begin we seniors. the of serving than exciting
accretive census first depressed slack from It primary employ our that is impacts It have participants worth will disproportionately emphasizing two currently to the within levels existing line. capacity. the growing will centers bottom
be the center contribution reach XX% earlier, margin incremental next at expect ratios, fiscal noted will levels we overall which until until drive our will sometime above I average year. approximately we current participant potential of our census staffing each optimal our don't and true As capacity, given level this reach to in
Additionally, sanctions participant We time mirror our pool participant become you'll [frail is recall risk been improve. that risk [ph], expense the stated mix we've as want second we'll has we as [rebalances] with] I serve. our the composition healthier naturally the to it balance we communities of order newer our [ph] impact A participant that unable members. that with see anticipate to
is utmost to and It our the accomplished we work to closing, ahead enable of journey the hard just and begun. has In destiny I'm That worthwhile responsibility proud work assume us our we've in extraordinarily pursue focus. to control seriousness team own mission. our forward and to with going continue the the said,
I'm many potential continue to strategies need discussed would ever to full great seniors benefit work more this and on tirelessly we of who execute organization. to to know energized expand to the program. deserving pace than will I this the the amazing in unlock from
I'm to it turn to going over Barb. Now,
