Innovacare Health is a medical company that seeks to provide solutions to healthcare organizations for them to become more efficient. Dr. Shinto conceptualized the company. Dr. Shinto had realized that there was a need to have the operational expertise of the physician groups and those relying on health services in the health sector. In 2003, North American Medical Management engaged in a partnership with Straus Group. The partnership paid off, and growth in the company actualized. NAMM was able to acquire MMM healthcare in Puerto Rico. In December 2012, InnovaCare Health was formed from NAMM.
Innovacare health care has able leadership with experience and the required to expertise. Dr. Richard Shinto is the president and the Chief Executive Officer. Dr. Shinto was honored in the top 25 minority Executives in Healthcare awards by Modern Healthcare. This underlined his strong leadership at InnovaCare. In 2016, the health firm announced Penelope Kokkinides as its Chief Administrative Officer. Kokkinides had worked previously in government programs such as the Medicaid. She has also been involved in clinical program development to boost efficiency. She has also held executive positions in some health firms. These include; Centrelight HealthCare, Touchstone Health, and AmeriChoice. Having experience at the top level, she has the tenacity to steer the firm forward. She has a degree in biological sciences from Binghamton University, Masters in social work from New York University and Masters in public health from Columbia University.
InnovaCare collaborates with the government to improve healthcare in Puerto Rico. During a meeting with President Donald Trump at the White House, Kokkinides highlighted the need for increased federal funding in Puerto Rico for Medicare. InnovaCare health has put in place a healthcare model that manages Medicaid through the Government Health Plan. In Puerto Rico, InnovaCare is the only firm that offers NCQA accredited health plans. The firm has 500000 lives led through government programs. In 2017, 955 million dollars annual claims were processed by InnovaCare.
In Puerto Rico, InnovaCare is responsible for Medicare, and it is also the islands most popular plan. The plan is being provided by InnovaCare two primary subsidiaries, MMM Healthcare and PMC Medicare choice. It is also worth noting and appreciating humanitarian efforts by InnovaCare in Puerto Rico. The hurricane relief program is known as “Caminamos Juntos,” meaning we walk together in English. This is an initiative to rebuild Puerto Rico to reduce effects of the crisis experienced.