INNOVACARE HEALTH PROVIDING HEALTHCARE SOLUTIONS UNDER THE LEADERSHIP OF RICH SHINTO AND PENELOPE KOKKINIDES

InnovaCare Health is a private company with its headquarters at Fort Lee, N.J, and Puerto Rico. It is a highly integrated payer and provider services organization serving an average of over 400,000 members. InnovaCare’s subsidiary, MMM healthcare has enabled it to provide two health plans: – Medicare y Mucho Mas and PMC Medicare Choice, whose total membership base includes over 200,000 members and a network of over 7,500.

InnovaCare has a provider-centric model, which concentrates on ensuring superior quality and empowered physicians thus optimizing their abilities to deliver innovative, coordinated and quality care at an affordable cost. InnovaCare Health is led by CEO Rick Shinto and COO/CAO Penelope Kokkinides.

 

Rick’s Career

Dr. Rick started as an internist and pulmonologist practicing in Southern California. He served as Chief Operating Officer and Chief Medical Officer for Medical Pathways Management Company then later became Chief Medical Officer at NAMM California. He served as Corporate Vice President of Medical Management for Med Partners between 1996 and 1999 when he left to become Chief Medical Officer at Cal Optima Health Plan in Orange County, California.

 

Rick Shinto’s awards

In 2018, Rick was listed in the Top 25 Minority Executives in Healthcare from Modern Healthcare and received the Access to caring award. In 2012, he received the Ernst and Young Entrepreneur of the Year Award.

 

Penelope’s career

Penelope Kokkinides has served as corporate vice president for Care Management and Disease Management at AmeriChoice, where she was useful in developing and implementing the healthcare model. She also served as COO at Touchstone Health HMO, since 2008.

Penelope has attributed her success as an entrepreneur to teamwork and proper thinking of what needs to be done and how that can improve productivity. Being a traveler, she appreciates the impact of technology on business and communication, especially email.

 

The LAN payment system

InnovaCare Health announced three additions to their leadership team in 2012 where Penelope was listed. Both Rich Shinto and Penelope Kokkinides were instrumental in coming up with Innovative Health Payment System LAN (Learning and Action Network) which is a private-public partnership that helps to move the United States health system toward quality-based payment as opposed to the previous quantity-based systems.

 

Rick Shinto viewed this as a commitment by InnovaCare to ensure progress in the healthcare industry. Penelope also said that the move by these industries would help to improve the quality offered to customers.

 

Tony Petrello Is Proud Of Multimillion-Dollar Acquisition For Nabors Industries

Nabors Industries has already built its software development and advanced IT department up over the years, but now it will be built on even further thanks to a new acquisition they made with Tesco Corporation. Both Nabors Industries and Tesco Corporation are based in Houston and both have built huge holdings around the Atlantic and gulf area in rigs and modular stations.

Nabors CEO Tony Petrello led negotiations of the acquisition and completed it through a stock transaction, and it gave current Tesco shareholders a 0.68 interest in Nabors Industries common stock. Anthony Petrello believes this deal will bolster current technology resources and will lead to even higher production and returns for investors. The reported revenue for Nabors Industries was up over the course of 2017 according to a company press release.

Tony Petrello has always considered himself to be a good problem solver which led him from a time he solved problems on napkins in middle school to now doing so at one of the world’s largest oil drilling companies. It was Petrello’s former roommate Lloyd Grove, a journalist at the Daily Beast who recounted his ability to work with tough math formulas during his time as a student at Yale. But Petrello suddenly found a new interest in law, and after completing law school he went to a New York law firm in 1979. In 1986, he became a partner at this firm and he helped many of its clients find loopholes in tax reporting, managing mergers and acquisitions, internal audits and securities regulations. In 1991, Petrello left the firm and officially entered the oil industry as chief operating officer of Nabors Industries.

After taking over as CEO in 2011, Tony Petrello started focusing on new automated systems for hybrid rigs and horizontal well technology. He has always brought in large annual compensation, but his largest ever was in 2013 when his base pay plus bonuses, equity, stock options and other assets put him over $68.7 million. Petrello has not equalled that feat since, but he has given away some of that money to non-profit groups around Houston. One of his largest charity recipients has been the Texas Children’s Hospital who he’s supported because of their research institute for neurological studies. Petrello has seen how neurological disorders have affected his daughter Carena, but he believes his gifts to the hospital can shed light on how important the issue is both for the medical community and regular Americans.

For more information about Anthony Petrello, just click here.