Eric Lefkofsky- Tempus Unicorn Funding

Tempus Labs is a healthcare technology company founded in the year 2015 by Eric Lefkofsky, the co-founder, and the city’s top entrepreneurs. The Unicorn’s business model is related to the high cancer priorities of the director of the National Cancer Institute that aims at harnessing large Data to impart knowledge, prevent and treat chronic disease cancer. This case mainly is in crucial in determining the kind of therapies that work for particular patients when given the fundamental biology of their tumors.

The company has attained its goals through the financial support from investors. Lefkofsky, the CEO on March 2018 stated through Chicago business insider that its organization received additional funds amounting to $80 million from new and existing investors. Investors initiated fund round to help Tempus lab in reducing the number of cancer patients. These round fund investors include New Enterprise Associates, Revolution Growth, and New Investors Trust Co.

Tempus appeared in the top ten world ranking after voting of top performing healthcare. In about two years since the establishment, it has received approximately $210 million from investors. New Enterprise Associates is the prominent investor of Unicorn Company co-founded by Lefkofsky. During the latest round, Brad Keywell, a business partner and Revolution Ventures founder, Steve Case financed along with the Tempus Chief Executive Officer.

Tempus created an ecosystem of collecting, sorting, analyzing and applying data solutions in treatment procedures on healthcare. This data thus helps in ushering personalized approach to cancer medicine through the collection of patient’s RNA/DNA data combined with any available clinical data. Physicians make more significant decisions concerning therapy when they can access this information. Therefore, therapy outcomes are made more useful to reduce cancer mortality rates.

Lefkofsky initiated a developmental project of building the worlds’ largest molecular and clinical data library that deals in genetics and Precision Medicine. It uses this data to discover the trends in the treatment of cancer and collect molecular information mainly from patients under treatment. Tempus entrepreneurial ventures include Uptake Technologies, the world largest analytics platform, Light Bank, a venture fund focusing on disruptive technologies, Echo Global Logistics, Groupon, a global e-commerce marketplace, Media ocean, a provider of integrated media procurement technologies.

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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.

 

The NFL Alumni Association and Cancer Treatment Centers of America Team Up Against Prostate Cancer

TThe NFL Alumni Association and the Cancer Treatment Centers of America have teamed up with LabCorp to educate men about prostate cancer and to encourage them to get screened. One out of seven men, (one out of five African American men) are diagnosed with prostate cancer during their lifetime.

If caught early, prostate cancer can be controlled and eliminated. If cancer spreads, however it can be deadly. Men can receive a discounted price of $25 for screening and it can be done at LabCorps which has medical facilities all over the United States.

The Cancer Treatment Centers of America is a well-known medical facility that specializes in cancer treatment. They not only use the traditional methods of treatment such as surgery, radiation, and chemotherapy, but they use many other natural methods as well. They treat the whole person and cater to family needs as well.

The program for prostate cancer screening is called the “Prostate Pep Talk” and features former NFL coaches Herm Edwards, Dick Vermeil and Bill Cowher who will be encouraging men to get a screening test as soon as possible. They point out that just about everyone knows someone who has had to battle prostate cancer, and many know someone who has lost the battle.

Cancer Treatment Centers of America has full-fledged treatment centers located in Atlanta, Chicago, Phoenix, Tulsa, and Philadelphia. Cancer Treatment Centers of America only treats cancer and nothing else. They have found that specializing in cancer only has enhanced the focus on the battle against cancer. They diagnose and treat all kind of cancer and their research facilities are constantly coming up with new treatments against the disease.

Called the integrated approach, their multifaceted treatment uses all possible resources in the fight against cancer. The treatment is accomplished all under one roof so the patients and families don’t have to go to many different places for their treatment.

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Lifeline Screening – Getting Ready

Lifeline Screening is a private medical screening and testing facility that offers a full range of tests and screenings that are designed to discover any abnormalities that may require medical attention. When people receive their screenings from Lifeline Screening, the results are made available immediately to the patient’s doctor.

Unfortunately today, many people do not have regular visits or checkups with their doctor. They are either too busy, afraid of the results, feel it is too expensive, or they just don’t bother. This can be dangerous because many of the more serious medical conditions don’t really show much in the way of symptoms in their early stages.

Lifeline screening offers a variety of tests that are designed to uncover any initial issues that may lead to more serious consequences later on. The tests are the same as those that are available in medical testing facilities and in hospitals. The personnel who administer the tests have the same medical training and education as hospital workers and testing units.

The tests include ultrasound, blood tests, bone density screening, and EKG’s. The locations are conveniently accessed and the overall tests are relatively inexpensive. For example, ultrasound is used to see “inside” of a person’s body to view one’s organs in real life. It is possible to see the blood flow which helps to detect if there is any potential blockage.

Preparation for the tests is very easy too. Women should wear slacks and a light, loose-fitting top or blouse. Men should wear comfortable trousers and a sports shirt. The object is to be comfortable during the testing procedure. When patients arrive at the Lifeline Screening facility they will be given paperwork to fill out which will detail their name, address, zip code, phone and a brief synopsis of their medical history.

Patients may be asked to pull up their shirt or top for ultrasound and EKG tests, but at no time will they be asked to disrobe. Patients will be asked to fast for a 6 to 12-hour period prior to receiving any blood testing.

The screenings will take only an hour to two hours, depending on the type of screenings and how many are given.

Lifeline Screening info: www.naifa.org/practice-resources/prp/lifeline-screening

InnovaCare Explains Medicare Advantage Programs and Physician Practice Service

InnovaCare is a leading provider of Medicare and Medicaid Advantage Programs along with physician practice services. InnovaCare Health provide quality health care that is cost-effective and sustainable and integrated with the advanced technologies of today.

The requirements for joining a Medicare Advantage Plan are that you must have both the Part A and B Medicare coverage, you have to live within the plan’s service area, and you have not been diagnosed with ESRD, End-Stage Renal Disease on bizjournals.com. However, if you do have ESRD or any other disease that requires you to have dialysis treatments or you need some form of transplant you can enroll in the SNP, Special Needs Program.

There are at least six different plans for Medicare Advantage, HOM’s, Heath Maintenance Organization, PPO’s, Preferred Provider Organizations, and PFFS, Private Fee for Service. However, you might also see Medicare Advantage Plans called SNP’s, Special Needs Plan, PSO’s, Provider Sponsored Organizations, and MSA’s, Medical Savings Accounts.

All Medicare Advantage Plans are required to limit your out-of-pocket expenses for Part A and Part B of Medicare. These plans cannot include co-pay or coinsurance that would then be more expensive than they would be with the original Medicare for services like Chemotherapy or dialysis. They are, however, allowed to have a higher share of cost for other services. You should always check the plans to see exactly how they work for the simple reason that different plans also come with different rules as to how and where you can obtain coverage. It is also possible that the same type of plans that are being offered by other companies may also have different rules.

Physicians practice services provide such services as accessing practice operations, new practice set-up, which includes the design of the new facility, and counseling on auditing service according to Rick Shinto. They offer training to the physician and their staff on healthcare topics, keeping them up to date. Help with medical coding and insurance billing is another of their services. They also see to keeping everyone apprised of the changes in Federal laws governing healthcare practice.

InnovaCare’s vision is to redefine today’s healthcare management and a strong patient-provider relationship. They are working to build models of managed care that are coordinated, sustainable and cost-effective.

The values they believe in are. the patient comes first and that quality medical care is Penelope Kokkinides‘ goal. They want to have a strong relationship as a patient-provider that will lead to healthier and a better quality of life.