Innovacare is changing the face of modern physician care with a new business model. Currently, the medical industry is based upon quantity of care instead of quality of care. The company is actively working to change this. Specifically, the payment model is what Innovacare is working on. Primary care providers will start receiving payments around the quality of care. The end result will be improved health and medical care. The rapport between physician and patient is going to grow stronger as a result.
Innovacare Health is a provider of managed healthcare services based in Puerto Rico. The public-private partnership has the goal of taking 50% of health care payments and attaching them to the new model by 2018.. The organization will be engaged in the LAN Nationwide Data Collection Effort. Medicaid and Medicare payments will be categorized according to the APM framework. There are at least 100 organizations are on board with the mission to place greater emphasis on care quality. The companies range from from the public, private, and non-profit sectors. For more details visit Crunchbase.
Innovacare is now covering hundreds of thousands of beneficiaries totaling over $166 million in annual revenue. The company has an intense growth strategy, allowing them to work with 7,500 primary care physicians. Not too long ago, Innovacare began working with 27 independent physician associations. The health organization plans to continue building partnerships in order to provide more health care services. However, the highest standards are maintained and poorly performing doctors are dropped from the plan. Covered members have access to exclusive centers, community exercise programs, retail discounts, and more. Check out openminds.com
The CEO of Innovacare, Rick Shinto was formerly the President of Aveta. Penelope Kokkinides who now holds the title of Chief Administrative Officer of Innovacare was previously the Chief Operating Officer of Aveta. Shinto is the recipient of the Access To Care award from the Tribute To Caring Gala. He’s also received the Ernst & Young Entrepreneur of the Year award in 2012. Shinto is responsible for bringing Jonathan Meyers on board with Innovacare as the Chief Actuary Officer. Shinto has entrusted Mike Sortino with the position of Chief Accounting Officer. Shinto speaks highly of all of the newest members brought on board last year. Innovacare plans to continue offering leading plans through their sustainable care model for more than 200,000 individuals.