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%.