InnovaCare has announced its participation in the LAN’s (Learning and Action Network) mission of transitioning health care payments to alternate modes. LAN is targeting to change 30% of the United States’ health care payment methods to alternate payment modes (APMs) by end of 2016 and 50% by 2018. Being an LAN committed partner, InnovaCare Health is supporting this initiative in order to accelerate the transition of the payment modes. The company has set goals that support the reform and intends to share the progress with LAN.
Through its CEO and president, Rick Shinto, InnovaCare announced that they would participate in the data survey for their Medicaid and Medicare Advantage Plans and classify payments according to the APM Framework. Richard added that the announcement reflects InnovaCare’s deep commitment to improve the healthcare industry. Taking part in the payment modes reform enhances the firm’s mission to redefine healthcare management through provision of innovative, cost-effective and coordinated care for patients on Bloomberg. Dr. Shinto explained that through alternate payment modes, InnovaCare would strengthen patient-provider bond within its networks.
LAN was created because of the demand to align payment modes among the private, public sectors of healthcare systems in the U.S. HHS launched the initiative in March 2015, with the intent to transform the healthcare industry. The alternate payment modes are methods where patients make payments depending on the quality instead of the quantity of healthcare services received. LAN has close to 100 top-committed partners from public, private and non-profit organizations that work together to enhance the healthcare system. Penelope Kokkinides, the chief administrative officer of InnovaCare, was hopeful that working together with other LAN’s devoted partners would help the company to improve its quality of services.
About InnovaCare Health
InnovaCare is the leading provider of Medicare Advantage Plans and Medicaid. In addition, the company offers physician practice services. Through the creation of sustainable and cost-effective models that are integrated with advanced technology, the company strives to offer high quality healthcare to its clients. InnovaCare operates two main Medicare Advantage Plans in Puerto Rico; PMC Medicare Choice and MMM Healthcare. It serves close to 200,000 people through a network of over 7,500 service providers.
In addition, the firm runs two Medicaid plans in Puerto Rico’s Government Health Plan (GHP) where it offers wide benefit coverage through coordinated care modes on LinkedIn. The leadership team includes Richard Shinto, M.D. and Penelope Kokkinides. The others are Christopher Joyce, Michael Sortino, S Bjasker, Jonathan Meyers and Daniel Straus.