In 2002, Dr. Richard “Rick” Shinto, MD, MBA, assumed leadership of InnovaCare Health, bringing with him 25 years of experience in managed care and devoting himself to improving patient lives. Earning his medical degree from SUNY at Stony Brook, Dr. Shinto serves on the Board of Directors of America’s Health Insurance Plan (AHIP), the largest trade association in the industry.
In 2018, Rick Shinto was voted among the Top 25 Minority Executives in Healthcare by Modern Healthcare News, a publication for healthcare industry executives. The award is now in its seventh year and honors minority healthcare executives who are in the forefront of influencing care delivery models, highlighting the need to advance diversity in healthcare organizations.
When InnovaCare Health joined the Health Care Payment Learning and Action Network (LAN), it became part of a public-private partnership striving toward alternative payment for quality care instead of the standard pay per visit, managing care within their network to give their patients innovative, cost-efficient care. InnovaCare’s restructuring of its payment arrangement was the initial step toward the construction of an enhanced patient-provider relationship.
Currently, over 100 healthcare organizations belong to the Health Care Payment LAN. Healthcare organizations as a group are changing their payment systems while each individual organization seeks to switch the current system to Alternative Payment Models (APMs). The change is expected to help InnovaCare Health deliver first-rate managed care by using the most innovative, advanced technologies available today.
Headquartered in Fort Lee, N.J., InnovaCare, through its subsidiary, MMM Healthcare, provides managed healthcare to more than 200,000 member clients in Puerto Rico using more than 7,500 care providers working within Puerto Rico’s Government Health Plan (GHP).
InnovaCare offers Puerto Ricans the only NCQA-accredited health plans available on the island. The National Committee for Quality Assurance (NCQA) is a nonprofit organization working to advance health care quality in the United States by measuring organizational standards and offering accreditation. In 2017, after Hurricane Maria, MMM Healthcare raised than $4 million in relief efforts.
Penelope Kokkinides, previously Chief Operating Officer for InnovaCare, has held a number of positions in the management of healthcare programs. She served as Chief Management Officer for Centerlight HealthCare, Operations Head of Touchstone Health, and Corporate Vice-President of the AmeriChoice unit of UnitedHealth, managing disease care. She returned to Innovacare in 2015 as Chief Administrative Officer.