Rick Shinto and Penelope Kokkinides are two of the top executive at InnovaCare Health, Inc. InnovaCare Health provides physician practice services, Medicare Advantage plans, and Medicaid plans to the residents of Puerto Rico. The plans they offer to participants are designed to be affordable, sustainable, and to make effective use of the latest technology. They also have as one of their top mission statements that the patient always comes first.
Rick Shinto started out his career as a practicing physician in South California that specialized as an internist and pulmonologist. Over time he transitioned to an executive role. He has been with InnovaCare Health since 2012 and serves as the President and Chief Executive Officer. Before joining InnovaCare Health he was the CEO and President of Aveta, Inc. which is another provider of managed healthcare services. Dr. Rick Shinto is a graduate of the State University of New York at Stony Brook which is where he earned his medical degree. Read more about her interview on Ideamensch.com
Penelope Kokkinides has an extensive educational background including two post-masters degrees. She is the Chief Administrative Officer of the company which she rejoined in 2015. Prior to this, Penelope also worked at Aveta as she was their COO and Vice President of Clinical Operations. She is a specialist in managing health care processes and operations. Penelope Kokkinides has helped InnovaCare Health improve their business efficiency as well as making organizational infrastructure improvements that help the company respond more nimbly to changes in the health care market.
In August 2016, InnovaCare Health joined the Health Care Payment Learning and Action Network (LAN). This is a movement within the field of healthcare that is moving payment models away from those based on quantity to instead a method of payment that is based on the quality of healthcare. The company laid out a plan to move 30% of their payment methods to quality-based care by the end of 2016 and 50% by the end of 2018. In order to help them measure these gains, InnovaCare Health joined the LAN Nationwide Data Collection Effort which keeps track of which payments are processed through the old way of payment models towards the new one.
According to HRMR Online, Dr. Rick Shinto said that he and his team at InnovaCare Health were committed to redefining healthcare management. He added that basing payments on quality instead of quantity improves both patient outcomes as well as the doctor-patient relationships that lay at the heart of healthcare.