Cook penne to desired doneness as directed on package. Drain; cover to keep warm.
Meanwhile, brown sausage in large saucepan. Drain; return to saucepan. Add pasta sauce; bring to a boil. Reduce heat to medium-low. Stir in basil and mozzarella cheese. Cook 1 to 2 minutes or until cheese is slightly melted.
To serve, spoon sauce mixture over cooked pasta. Sprinkle with Parmesan cheese.