Dr. Richard Shinto is the CEO and President of Innovacare Health. Rick Shinto has experience of more than 20 years in operational and clinical healthcare. With him at the helm, Innovare Health has had its Centers for Medicare and Medicaid (CMS) ratings rise by 23%. Innovacare Health is a reputable provider of Medicare and Medicaid Advantage plans as well as other related services. In Puerto Rico, with the Medicare plan, over 200,000 beneficiaries are enrolled.
Dr. Shinto said that it had been the commitment of Innovare to provide high-quality services for all its members. Its determination to quality healthcare is made possible by establishing sustainable models that are innovative, well-coordinated, cost-effective and wholly integrated with modern technology. It is the leading healthcare provider in Puerto Rico and within the Government Health Plan, manages a Medicaid contract that offers extensive benefit coverage.
Innovacare Health’s foundation was laid down by Rick Shinto in 1998, who joined North America Medical Management (NAMM) in California to help organizations that were in the healthcare industry give more efficient healthcare. It has two contracts: Medicare y Mucho Mas and PMC Medicare choice, and Medicare-eligible individuals can select any.
The health-care provider has made significant efforts to rebuild Puerto Rico after hurricane Maria through fundraising and other humanitarian action. Its campaign for Hurricane relief was one of the first to offer emergency evacuations and care to the millions left without enough medical resources or power. Dr. Shinto said that Puerto Ricans have looked to Innovacare and its subsidiaries to maintain high standards of life and health.
Another key figure at Innovacare’s leadership is Penelope Kokkinides, who is the Chief Administrative Officer.
She attended a White House meeting where she discussed with President Trump and Seema Verma, the CMS administrator, the federal health care legislation. In the meeting, she spoke about the importance of increasing funds for Medicare Advantage in Puerto Rico because in Puerto Rico since 2011, federal funding cuts for Medicare Advantage have decreased annually with over $1 billion. She states that through CMS, the current administration is considering a change to Medicare payments to assist them. She added that being that if Medicaid collapses, the many beneficiaries will move to the US where the Medicaid expenses could be thrice or four times greater. The practices under Innovare Health have reduced bed days by 10% and decreased monthly per-member medical cost by 13%.
Innovacare health continues to be the leading health care providers in not only North America but also Puerto Rico. In a bid to advance their medical care expertise the company joined the government sponsored programs of Medicare Advantage and Medicaid.In 2016, Innovacare Health changed its reigns of leadership so that they could cater for their clientele better. Some of the changes which were made include; the appointment of Penelope Kokkinides to the chief administrative officer.Before holding this post, Penelope Kokkinides has held various posts in the healthcare industry in America. Some of the include working for Centerlight HealthCare as the chief operating officer and executive vice president. This role ensured that she administered the management of the company and steered the strategy of the health care facility. Kokkinides is a specialist in managing government health care programs such as Medicaid and Medicare.
In addition to this, she is also experienced in health care management and operations, coming up with clinical programs. Her main focus lies in organizational infrastructure and improving the efficiency of healthcare.Penelope Kokkinides attended Columbia University and graduated with a Masters in Public Health. She also attended New York University for another Masters in Social Work. She attended Binghamton University and graduated with a Bachelor’s Degree in Biological Science and Classical languages. In addition to this, she also has a post-master’s advanced degree in alcohol and substance abuse.Dr. Richard Shinto; the CEO and president was also appointed in 2016. Previously, Dr. Shinto worked at Medical Pathways Management Company as the Chief Medical Officer and Chief Operating Officer. Dr. Shinto launched his medical career as an internist and pulmonologist. The doctor has more than 20 years practice in the healthcare industry.
He has also worked for MedPartners as a corporate vice president of medical management and NAMM California as a Chief Medical Officer and Cal Optima as a Chief Medical Officer. The doctor has also worked for many other medical facilities.The experienced doctor has a medical degree from New York’s State University. He also attended the University of California, and he graduated with a Bachelor of Science. Dr. Shinto also attended the University of Redlands and graduated with an M.B.A. The doctor is a published author with numerous titles on clinical medicine and healthcare under his belt.Other Innovacare Health staffs that were appointed include Mike Sortino who became the chief accounting officer and Jonathan Meyers who became the chief actuary officer. Dr. Shinto was very pleased with these appointments, and he believed that they would guide the company towards the right direction.