Category: Healthcare Insurance

Lead by Rick Shinto, InnovaCare Health Is A Leader In Health Delivery Systems and Patient Care

Based in Fort Lee, New Jersey, Innovacare Health is a leading provider for Medicare Advantage plans, provider networks, and Medicaid plans. Known for their delivery of quality healthcare through the creation and maintenance of models that are sustainable, the program has been a success.

Dr. Richard “Rick” Shinto is President and Chief Executive Officer of InnovaCare Health as well as serving on the Board of Directors of InnovaCare Health. With over 20 years of experience in the management of managed care, Dr. Rick Shinto provides a steady hand at the helm of the company. Formerly with Aveta, Inc. Dr. Shinto also serves as CEO in Puerto Rico as the head of the InnovaCare Health plans there.

Penelope Kokkinides is the Chief Administrator Officer of InnovaCare Health. She has over 20 years of experience at the management level of various healthcare organizations, and she specializes in the handling and administration of government health programs and the managed care industry in general. Her expertise lies in the development and management of clinical programs and in the management of the processes of healthcare management and operations.

Under the leadership of Shinto and Kokkinides, InnovaCare Health recently joined in an HHS initiative through the Health Care Payment Learning and Action Network. This program is designed to promote and grow healthcare organization by the emphasis on quality rather than quantity. It is only through the adherence to high standards where all participants are held to close scrutiny that success achieved.

Read more: InnovaCare Health hires new healthcare execs into leadership team

The entire goal of the LAN (Learning and Action Network) is to drive excellence and efficiency across the broad gamut of payment processing models. It is easy to lose track of key benchmarks in the ongoing and complicated workings of modern day-to-day systems so standards must be set and followed.

InnovaCare Health is one of the leading healthcare providers in Puerto Rico with the leading Medicare Advantage program there, along with Physicians Practice Services, the largest service provider in Puerto Rich. It is important to note, that without a robust and effective service provider such as PPS, there could be no linkage with a health plan to an effective provider.

Focusing on patient relationships and high standards when it comes to quality care, InnovaCare Health is on track for meeting its goals and objectives in the quality and delivery of excellent care and medical treatment. High quality of medical care comes with all participants working together towards a common goal, where communication and medical expertise stand out.

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Penelope Kokkinides and Rick Shinto Make up a Good Leadership Duo for InnovaCare

InnovaCare Health, a leading provider of Medicare Advantage programs and physician practice services, is a company that boasts of strong patient-provider relationships. Together with its subsidiaries, InnovaCare has managed to create sustainable models of managed care services that are innovative, cost-effective and quality-driven. The leadership team behind InnovaCare’s operations and success includes Penelope Kokkinides and Rick Shinto.

Rick Shinto

Richard Shinto is the CEO and president of InnovaCare. Before assuming his current position at InnovaCare, Shinto worked for Aveta Inc. as the CEO and president from 2008 to 2012. Rick Shinto holds over 20 years of clinical as well as operational healthcare experience particularly in managed care services. Prior to joining Aveta, Shinto worked as the chief executive officer of NAMM California. Rick Shinto has also worked with other companies and organizations including Medical Pathways Management Company and MedPartners.

As a well-educated individual, Shinto is an alumnus of the State University of New York where he got his medical degree as well as the University of California where he attained his B.S. He is also an MBA holder from the University of Redlands. In 2012, Rick Shinto was awarded the Ernst & Young Entrepreneur of the Year Award in the service category.

Read more:
Aveta Inc. President & CEO Rick Shinto, M.D. Receives Ernst & Young Entrepreneur Of The Year® Award
InnovaCare Health Announces Three Additions to Leadership

Penelope Kokkinides

Penelope works at InnovaCare as the chief administrative officer. She assumed this position after rejoining InnovaCare in June 2015. Previously, she served the company in the capacity of a chief operating officer. Kokkinides has also served Aveta Inc. as its chief operating officer. Before rejoining InnovaCare, she worked for many other organizations such as Centerlight HealthCare, Touchstone Health and AmeriChoice. More importantly, Kokkinides boasts of a rich education background. As such, her expertise revolves around various fields such as public health, biological sciences and social work.

InnovaCare Health

InnovaCare Health is a well-established provider of Medicaid, physician practice services as well as Medicare Advantage plans. The organization is driven by a commitment to offer quality healthcare services through creating cost-effective, sustainable models that are integrated with modern technologies. Further, it operates two primary Medicare Advantage plans in Puerto Rico, which include PMC Medicare Choice as well as MM Healthcare. The membership base for these programs is about 200000 individuals who are served by a vast network of over 7500 healthcare providers.

InnovaCare works through its Medicare Advantage programs to fulfill its objective of redefining healthcare management with an attempt of meeting the challenges in the healthcare sector. Early November 2016, the company revealed details about an amendment deal with its lenders aimed at extending the maturity of InnovaCare’s outstanding indebtedness. Further, the InnovaCare not only paid $40 million in principal prepayment but also accepted a fixed amortization schedule that would start in 2018.

Nobilis: Your Healthcare Solution Partner.

Nobilis is a health care development and management company. It operates and owns surgical hospitals distributed throughout the United States. The company utilizes the direct-to-patient marketing that focuses procedures that are carried out in their centers. Some of the ambulatory surgery centers are in Huston, Dallas and in Arizona. They also boast of having 16 more surgical centers through marketing relationships across the US.

Towards the end of 2014, Nobilis acquired the Northstar Healthcare Inc. The incorporation partners with acute care facilities in the form of agreed ownership. The company soon received the name Nobilis so as to avoid confusion with firms that bear the name Northstar in the United States exchange.On April 2, 2015, Nobilis announced that they had repaid their $25 million debt with GE Capital. The facility acted as a support for the growth of the company in providing capital to repay outstanding debts which included the $12 million related to the purchase of Athas Health. The specialty of the company is to provide healthcare companies with capital agreements that will help them expand just like the Nobilis Health Corp. This ability is made possible by GE Capital as the managing director Al Aria explained.

According to research capitalists, Nobilis Health Corp is an upcoming good investment. Stanley, a top analyst at the Mackie Research Capital, points out that the company will soon improve its share value. This increase in value is due to the rise in aging population and obesity, and Nobilis offers surgical procedures. With time, the demand will be high and according to the analyst, one who has invested in their shares will get a return of about 72% within a year.