InnovaCare Health was founded in 1998 by CEO and President Richard Shinto. This was when he joined NAMM- North American Medical Management in California. He noticed a gap in operational skills among physicians and payers. He, therefore, worked with NAMM to assist healthcare providers in offering quality care more effectively.
Dr. Shinto is the CEO and President of InnovaCare subsidiaries through MMM Holdings. This includes MMM Healthcare; the leading Medicare Advantage plan which manages more than 250,000 people in Puerto Rico. Before joining NAMM, he was the CMO and COO for Medical Pathways Management Company. In 1995 to 1997, he served in MedPartners as the Vice President of Medical Management.
Penelope Kokkinides serves as Chief Administrative Officer at InnovaCare Health since June 2015. Formerly she served as COO of InnovaCare and Aveta Inc. and Vice President of Clinical Operations. Before rejoining InnovaCare, she served as COO and Executive Vice President for Centerlight HealthCare.
Awards won by Dr. Rick Shinto
He has won many awards for his outstanding achievements in the medical field and leadership skills. They include:
- Access to Caring Award
- 2018’s Top 25 Minority Executives in Healthcare Award
- Ernst & Young Entrepreneur Of The Year Award-2012
InnovaCare Health Approach
InnovaCare Inc. is a major provider of managed healthcare services in N. America. It offers these services through two main avenues; Medicare Advantage and Provider Networks. Their main focus is to provide quality healthcare through advanced technology, sustainable models which are cost-effective & fully integrated.
Puerto Rico was devastated by Hurricane Maria in 2017. InnovaCare Health was very instrumental in restoring healthcare services on the island. The company is dedicated to promoting health equity, especially to the vulnerable patients. Due to the company’s centric model, its healthcare plans have received NCQA accreditation. It’s the only company in Puerto Rico with 4.5-star rating from CMS- Centers for Medicare and Medicaid Services.
A team of healthcare experts leads InnovaCare Health. The leaders have many years of combined experience in care delivery and managed care. Therefore, they can effectively help healthcare providers to meet the rising demands of this industry. This integrated model has promoted patient care and supported physician’s resources.
InnovaCare Health has changed many lives by offering affordable healthcare to all. The leadership team has played a major role in implementing their integrated model. This has brought a great breakthrough in the healthcare industry which is facing financial pressure every day.