InnovaCare Health’s Leaders: Rick Shinto and Penelope Kokkinides

About InnovaCare Health

InnovaCare Health is a company that offers healthcare services through Medicare Advantage Programs and Provider Networks. The company is headquartered in Fort Lee, New Jersey. The mission of InnovaCare Health is to provide affordable and sustainable healthcare products to individuals across North America. InnovaCare Health offers services through two divisions that are Medicare Advantage Programs and Provider Networks. The company has two primary programs that include PMC Medicare Choice and MMM Healthcare. The company’s Medicare Advantage healthcare plan received the highest accreditation from the National Committee for Quality Assurance in 2011. At the time, it was the only product of its kind to receive this accreditation.

Penelope Kokkinides

Penelope Kokkinides is the chief administrative officer at InnovaCare Health. However, she previously served with the company as the chief operating officer. Ms. Kokkinides has more than two decades of experience designing and managing healthcare programs. She worked at Centerlight HealthCare as chief management officer who was responsible for the managed care division. She was also with Touchstone Health as the head of operations, and she was the corporate vice president of the care management and disease management division at AmeriChoice. When she was at AmeriChoice, she played an integral role in developing the company’s healthcare model.

Rick Shinto

Rick Shinto is the chief executive officer and president of InnovaCare Health. He was educated at the University of California at Irvine, which is where he obtained his bachelor’s of science degree. He obtained his medical degree at the State University at Stony Brook, and he received his M.B.A. from the University of Redlands.

Mr. Shinto was an internal medicine specialist and pulmonologist in Southern California. He then joined MedPartners as the vice president who was tasked with medical management. At Cal Optimal Health, he served as the senior medical officer. He also worked at Pathways Management as the operations manager and CMO. At North American Medical Management of California, he was the senior medical officer who was in charge of medical management. He worked at Aveta Inc. from 2008 to 2012. He was a member of the management team at this company but was later promoted to president. Mr. Shinto stayed with Aveta Inc. until the company was sold.

Mr. Shinto won the Access for Caring Award for his contributions to the healthcare industry. He was also named the Entrepreneur of the Year in 2012 and was a Top Minority Executive in 2018.

http://www.camarapr.org/Pres-Izq/PRH-2015/bios/Bio-Richard-Shinto-2015.pdf

Deirdre Baggot Explains Why Healthcare Payment Reform Is Increasing In Speed

The traditional ways of paying for healthcare are slowly beginning to go by the wayside. These methods are getting a dramatic overhaul to both reduce costs and improve patient outcomes. One of the people leading this fight is Deirdre Baggot, Ph.D., MBA, RN, who is an expert in the new form of paying for healthcare, bundled payments. She says that how the healthcare industry currently works is that healthcare providers are paid for quantity, not quality. This means they earn more running all sorts of tests, many of which are unnecessary, or short thrifting aftercare because they don’t earn enough from it. This means that health care providers earn more by churning patients through the system rather than truly taking care of them.

However, Deirdre Baggot says that payment reform is pretty complicated. Business leaders need to really understand their company’s payment system in a way that increases patient satisfaction with their services while also keeping the organization profitable. The new bundled payments approach is more streamlined than traditional billing methods as it eliminates a number of fundamental issues. As a consultant, she partners with healthcare organizations to implement bundled payment systems into their business.

She has years of hands-on experience implementing these types of changes. Bundled payment plans are something that is getting bigger traction in the healthcare industry each year. The benefits of this new system are being seen across the United States from those healthcare organizations who have reformed their billing practices.

Dierdre Baggot wrote about the Affordable Care Act in an article that recently appeared on BoardRoom Press. She wrote about how traditional payment models are negatively impacting people’s ability to pay for their medical care. Traditional payment methods are also putting in jeopardy the bottom lines of organizations who continue to insist on using them.

Visit:https://www.crunchbase.com/person/deirdre-baggot