The New Jersey, based managed healthcare service company and leading provider of Medicare Advantage and physician practice services in Puerto Rico, InnovaCare has announced that it is joining HHS initiative to reform the current, outdated payment models. According to a news release published byBusiness Wire on August 02, the company has agreed to participate in the public private partnership initiative dubbed Health Care Payment Learning and Action Network (LAN). The initiative is looking to overhaul the US health payment system and make it a model that emphasizes quality instead of quantity of care. There are currently about 100 organizations on zoominfo.com drawn from public and private sectors that are participating in the program. LAN was established by HHS in March 2015.
Following its decision, InnovaCare Health also released a statement affirming its support for the mission, whose short term target is to have Alternative Payment methods (APMs) accessed on 30% of the current US health care payments. The short term goal is targeted for this year (2016) while the long term goal of 50% APMs outreach is slated for 2018. To fast track InnovaCare’s compliance, the company has agreed to participate in the ongoing Nationwide Data Collection Effort run by HHS. The CEO and President of InnovaCare added his voice saying his company is glad to participate in the initiative, which will transform the US healthcare industry on companybooknetworking.com to the next level. The same sentiments were echoed by InnovaCare’s Chief Administrative Officer, Penelope Kokkinides.
About InnovaCare Health
InnovaCare is committed to the provision of quality and cost effective healthcare service models, integrated with modern technologies. According to the website, Innovacarehealth.com, the company operates two Medicare Advantage plans, the PMC Medicare Choice and MMM Healthcare in Puerto Rico. The plans have a membership of 200,000 people and over 7,500 providers. InnovaCare is led by President and CEO, Rick Shinto, MD., MBA. Dr Shinto boasts over 20-years experience in clinical care and healthcare management.
To bolster its management team and leadership, the InnovaCare has added three new executives. According to a report published by Openminds in August 10, the names include John Meyers, the new Chief Actuary Officer; Penelope Kokkinides, the Chief Administrative Officers and Mike Sortino, the new Chief Accounting Officer. Penelope joined the firm in 2015, and has extensive experience in managing healthcare processes and developing clinical programs. She holds a BSC in biological sciences and Masters Degree in Social Work.