From its headquarters in Fort Lee, N.J., InnovaCare Health offers Medicare and Medicaid Advantage plans to more than 250,00 network members in Puerto Rico. Operating under the twin brands of Preferred Medicare Choice (PMC) and MMM Healthcare, InnovaCare Health is accredited by the National Committee for Quality Assurance (NCQA), an independent 501(c)(3) organization working to advance and improve healthcare quality by establishing and measuring program standards, and awarding accreditation.
In 2017, after Hurricane Maria devastated Puerto Rico, InnovaCare Health was instrumental in the reestablishment of healthcare and medical services, raising more than $4 million to rebuild the ravaged systems. InnovaCare Health’s CEO, Rick Shinto, and Chief Administrative Officer, Penelope Kokkinides, were influential in repairing the damage done by the storm. One of the pioneers in integrating technology into healthcare management, the InnovaCare Health network produces healthcare plans that are both cost-effective and sustainable and has recently enrolled as a Committed Partner in the Health Care Payment Learning and Action Network (LAN). LAN forms a partnership between US government programs and more than 100 private providers developing payment models based on quality of care. Such payment plans are known as Alternative Payment Models, or APMs.
From his start as an internist in Southern California, Dr. Shinto went on to acquire more than 20 years of experience in healthcare management, working with a diversity of organizations including Aveta Healthcare, Cal Optimal Health Plan of Orange County, California, Pathways Management Group, and North American Medical Management of California, earning the Ernst & Young Entrepreneur of the Year award for 2012, and being voted one the Top Minority Executives in Healthcare for 2018 by Healthcare News. He currently serves on the Board of Directors of America’s Health Insurance Plans (AHIP), the largest trade association in the healthcare industry. Dr. Shinto believes that technology is the key to better, more streamlined health care delivery systems.
Chief Administrative Officer Penelope Kokkinides brings years of experience in enhancing patient care through the use of alternative payment methods, and has worked with AmeriChoice, Centerlight HealthCare, and Touchstone Health. Like Dr. Shinto, Penelope firmly believes in the practical application of modern technology within the framework of healthcare administration.