InnovaCare Leadership Team Receives a Boost After Experienced Healthcare Plans Executives Join the Company

 

The InnovaCare, Inc. has one of the managed healthcare leadership in the healthcare plans. Its top most executives comprise of Rick Shinto as the Chief Executive Officer and Penelope Kokkinides as the Chief Administrative Officer. The two executives are responsible for driving the company’s innovations and integrated approach of partnering with stakeholders. Shinto and Kokkinides are part of an optimized leadership and governance structure at InnovaCare, which is based in Puerto Rico.

 

About InnovaCare, Inc

 

The company specializes in provisions of affordable healthcare plans to North Americans. Though well-established in Puerto Rico, the company boasts of over 200,000 client base allover North America. As the CEO and CAO respectively, Shinto and Kokkinides are expected to help grow these member base through innovative approaches and strategic partnerships. The company is also determined to maintain quality healthcare services that can be afforded by its members.

 

Who is Dr. Rick Shinto, CEO?

 

Richard (Rick) Shinto studied at the University of California for a BSc. Degree. Then, he received his medical degree from the NY State University before graduating with an MBA from the University of Redlands.

 

Rick Shinto is the current president and CEO of InnovaCare. Like Kokkinides, he served at the management team of Aveta Company. Similarly, he has over two decades of experience in the management of healthcare plan systems.

 

At Aveta, he held the CEO position in the management team. Rick Shinto is a certified pulmonologist, and kicked off his medical journey in Southern Carolina. Apart from Aveta, he served in the management teams of Medical Pathways and MedPartners Company. He also served as the Chief Management Officer at the Cal Optima Health Plan in California.

 

Shinto’s expertise in Pulmonary and Internal Medicine has seen him recognized by established medical bodies. For instance, he received the New Jersey’s Ernst & Young Entrepreneur of the Year award. Besides, he has the award for Modern Healthcare’s Top 25 Minority Health care Executives.

 

 

 

The Chief Administrative Officer

 

Penelope Kokkinides is the current CAO at InnovaCare, Inc. she has over two decades in the medical sector. Before joining InnovaCare, she was the Chief Operating Officer of Aveta, Inc. she held the same positon at her former company, Centerlight Healthcare. At Aveta, she was the Vice President in charge of Clinical Operations as well.

 

Kokkinides rose to the position of executive vice president at Centerlight before moving to Touchstone Health Company as its COO. Her career also includes a role as the Corporate Vice President at AmeriChoice, where she presided over care and disease management.

 

Drew Madden Welcomes Amazons Entry into the American Healthcare Industry

The American government is spearheading efforts to foster the entry of new players into the country’s healthcare industry. Apart from initiatives such as Startup America, Healthdata.gov, and Open Innovator’s Toolkit, significant regulatory shocks are unfolding, all in an attempt to create a conducive set-up for entrepreneurs and companies to flourish in healthcare.

In light of the regulatory shocks sweeping through the healthcare industry, Amazon—a renowned retail e-commerce giant—sought and obtained pharmacy licenses to distribute healthcare-related equipment to several states of the U.S. Whether the e-commerce giant is planning to take up a more prominent role in the healthcare industry is a question that is open for debate.

Amazon, established 23 years ago, has a vast retail network, reaching millions of Americans. Amazon’s recent acquisition of Whole Foods Market increased the company’s presence in the U.S. If the company’s eventual plan is to distribute prescription medications, then a significant occurrence is awaiting the healthcare sector.

CVS Health, a retail pharmacy company, is convinced that Amazon is plotting on bringing competition to its door. And the Rhode Island-based company is prepping for a face-off. CVS Health recently announced its intentions to acquire Aetna, a healthcare company that retails consumer-directed health care insurance plans. CVS is expected to fork out $69 billion to purchase Aetna in a strategy that New York Time believes would “reshape the American healthcare industry.”

Amid the looming showdown, the American consumer has a reason to smile. If Amazon and CVS Health engage in a competition, each company will offer the American healthcare consumer incentive(s). The quality of service delivery is likely to improve significantly. In fact, CVS Health unveiled a new service package that is capable of delivering prescription medications to its clients (across America) in under 24 hours.

Drew Madden

He is a healthcare IT entrepreneur who fancies competition in the industry as it fosters innovation and quality service delivery. He is a managing partner at Evergreen Healthcare Partners. The firm is seeking to shape the healthcare industry through intuitive electronic health record solutions. Drew Madden is an asset to the company as his electronic medical records skills are impeccable.