Rick Shinto has a massive amount of experience holding executive positions in the medical industry. In addition to being the CEO of Innovacare, he is also the CEO of MMM Holdings. Previously, Dr. Shinto was the Chief Medical Officer and Chief Officer of Operations for Medical Pathways Management Company. From 1995 to 1997, he was the President of Medical Management for MedPartners. He held yet another position in the medical industry as the Chief Medical Officer of Cal Optima MedPlan. As an esteemed businessman, he won the award of Ernst & Young Entrepreneur of The Year in the service category
Accomplishing the mission
Rick Shinto serves as the President and CEO of Innovacare, he takes the lead in accomplishing the company’s goals. Shinto has more than 20 years of experience in healthcare. He’s worked with NAMM California as the Chief Medical Officer. Shinto is an advocate for the mission of reforming the United States healthcare system. This goal will be achieved by a means of providing new, alternative payment methods that allow patients to pay by the quality of service provided. The current system is based on quantity, not quality. The goal is to have 50% of payments paid to providers through alternative payment methods (APM) by the end of 2018.
HHS and Innovacare launch Medicare payment model initiative
Health & Human Services (HHS) has a goal to revolutionize the medical payment industry. Under the new model, patients will be able to pay for their healthcare according to quality of service. HHS is working by creating compelling incentives for hospitals to reduce the cost of care while increasing the quality of care.
It is expected that this payment model will result in faster recovery of patients and less readmissions. HHS proposed three new healthcare models which will bundle payment models for cardiac care, hip surgery, other surgeries, and increase cardiac rehab utilization. This will give payment incentives to physicians using bundled payment models through the Quality Payment Program.
New additions to Innovacare’s leadership team
Penelope Kokkinides is one of three new executives appointed to the Innovacare Health leadership team. She has entered the company as the Chief Administrative Officer with more than 20 years of experience working with Medicare and Medicaid. Her speciality lies in these government programs as well as overseeing healthcare processes. She has a background as the EVP and COO of Centerlight Healthcare and COO of Touchstone Health.
Mike Sortino is the new Chief Accounting Officer of Innovacare and has experience as the CFO of HCC Specialty. Prior, he worked for Houston Casualty Company as a managing general agent. He has more than two decades of experience with reinsurance and insurance. He’s also served as Controller of Samsung Fire & Marine Insurance Co just prior to joining Innovacare.
Jonathan Meyers was also brought into Innovacare as the Chief Actuary Officer. Beforehand, he was the Director of Actuarial Services for Horizon BCBS and the Chief Actuary at Healthcare Partners New York. He’s well versed in the area of employee benefits, having done this for large organizations including International Paper, SEIU 1199, Johnson & Johnson, and more. Shinto has no doubt selected these executives based upon the fact that they will deliver based upon their extensive experience.