InnovAge Invests in Jetdoc

DENVER (August 5, 2021)—InnovAge Holding Corp. announced that it has made an equity investment in telehealth platform Jetdoc, a telehealth and virtual urgent care app dedicated to connecting users with medical professionals in an effective way. InnovAge’s investment comes amid continuing demand for virtual health care services across health care sectors. As of July 2021, telehealth utilization had stabilized at 38 times higher than pre-pandemic levels, according to McKinsey. Terms of the deal were not disclosed.

InnovAge will also partner with Jetdoc to develop a virtual care and remote patient monitoring platform purpose-built for participants and caregivers of the Program of All-inclusive Care for the Elderly (PACE). The platform will be designed to support the unique PACE interdisciplinary care model, in which each senior in the program has a team of medical experts assigned to their care team. Additionally, Alice Raia, chief information officer of InnovAge, has joined Jetdoc’s board of directors.

“Ever since the Centers for Medicare & Medicaid Services issued guidance to PACE organizations in March 2020 in response to the coronavirus pandemic, telehealth has become an important tool as we help seniors live independently and in their own homes for as long as safely possible,” said InnovAge President and CEO Maureen Hewitt. “The accelerated adoption of telehealth brought on by COVID-19 has demonstrated the need to have a platform that works with the unique aspects of the PACE model, including our interdisciplinary team approach. Partnering with Jetdoc will allow us to build upon a proven technology solution and work with a leading provider of access to virtual care.”

“Jetdoc’s partnership with InnovAge will allow us to better serve our nation’s most medically vulnerable patients by providing them with access to technology that will enhance their care,” said Jetdoc CEO Tommy Duncan. “We believe this partnership will particularly benefit seniors as the demand for home health services continues to grow.”

Visit innovage.com for more information.