When you think of healthcare, you probably think of overpriced procedures being performed on individuals who are not able to afford to pay for them. You might even think about government subsidies through Medicare and Medicaid. What you probably don’t think of, however, is innovation and cost reduction for individuals who are not able to pay for their healthcare. This is where leaders like Rick Shinto and Penelope Kokkinides, the CEO and COO of InnovaCare Health Solutions, come in.
Rick Shinto and Penelope Kokkinides are re-writing the rules on managed care. Shinto and Kokkinides both have about 20 years of experience in managed care and the healthcare industry as a whole. Shinto started his career as a physician himself but quickly found himself filing the Chief Medical Officer and CEO roles of many large companies. Kokkinides went into the corporate world directly out of college. She worked as a VP of Care and Disease Management for United Health Group, as well as the Chief Operating Officer of Touchstone health and Aveta, Inc. before moving to InnovaCare Health. Now, InnovaCare Health is using these two leaders to innovate and create new solutions to use in setting up managed care plans and payments.
InnovaCare Health is a managed care company that focuses on working with Medicare and Medicaid Advantage plans for their customers. They also have limited exposure in physician services, and they serve nearly 500,000 people every year. They have practices that reach across the United States.
Recently, Kokkinides and Shinto have been reforming the Company to work in a more innovative and efficient way. Kokkinides specialized in creating new solutions for old problems, and that is part of the reason she rose so fast in the companies she worked at. At InnovaCare Health, she has spearheaded many projects, including getting InnovaCare on board with a new HHS initiative called LAN, which aims to create payment plans for healthcare based on quality of service.
Shinto has also made his mark on the Company. He composed the three approaches needed to create the best plans possible for a given area. These approaches include understanding the culture of the area, working with the leadership to create a cost-effective plan, and joining in with local governance to help push the care plans through. Both Kokkinides and Shinto have a long career ahead of them, and if their past successes are any indication of the future, InnovaCare Health and its patients are in good hands.