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.
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 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.