InnovaCare is one of the leading private healthcare providers in the United States and North America. InnovaCare’s core values are sustainability, cost-effectiveness, and fully integrating the power and quickness of today’s technology, with a constant mentality of quality. InnovaCare works with two different primary groups, Provider Networks (including more than 7,500 providers), as well as Medicare Advantage and Medicaid Programs.
Formally, InnovaCare Health provides Medicare Advantage plans and physician practice services for almost 200,000 people. Headed by Dr. Richard Shinto, InnovaCare is based in Fort Lee, New Jersey, and with extensive work in Puerto Rico.
Dr. Shinto was recently recognized as a recipient for the Ernst & Young Entrepreneur Of The Year® Award, and has extensive history implementing innovative, successful strategies to improve healthcare for patience.
Before his role as President and Chief Executive Officer of InnovaCare Health, Dr. Rick Shinto served as Chief Executive Officer at Aveta Inc. Dr. Shinto also served as Chief Executive Officer at MMM Healthcare, Inc. and PMC Medicare Choice, Inc.
InnovaCare is also led by Penelope Kokkinides, who serves as Chief Operating Officer and Chief Administrative Officer. Before serving at InnovaCare Health, Ms. Kokkinides served at Centerlight HealthCare under the title Executive Vice President and Chief Operating Officer.
Ms. Kokkinides is featured on websites such as Crunchbase, Innovacare Health.com, PenelopeKokkinides.com, LinkedIn, Twitter, Instagram, and Pinterest.
Recently in 2016, InnovaCare Health partnered with local government and private entities in Puerto Rico to implement the HHS Initiative, focusing on implementing alternative payment methods and overall healthcare payment reform, to better reflect quality in the parties bearing the cost of medical services.
One of the worst inefficiencies in modern healthcare on businesswire.com is that the parties making the decisions about whether or not to have procedures are not able to account for the cost of those procedures, and people can end up saddled with immense debt they have no way of repaying, outside of bankruptcy. Thus it makes sense why roughly 60% of bankruptcies in the United States are due to medical bills, making the US an outlier globally. [source]
That’s why it’s so vital that initiatives like HHS be put into action with the likes of Dr. Shinto and Ms. Kokkinides.
InnovaCare announced new additions to the leadership team earlier in 2016, welcoming Jonathan Meyers, who previously served as the Director of Actuarial Services, Medicare and Medicaid at Horizon BCBS; Mike Sortino, who was previously the Controller of Samsung Fire & Marine Insurance; and Ms. Kokkinides mentioned above.
Having recently received a credit upgrade from Standard & Poor’s on their Puerto Rico subsidiary, InnovaCare is truly a healthcare company to keep an eye on.