Innovacare Health and Managed Care
Innovacare is headquartered in Fort Lee, New Jersey and is a major North American medical care and health care plan provider. They work with doctors and hospitals to provide efficient and effective health care to their clients. Health care reform seems complicated and scary but it really isn’t. The major trend in health care reform is managed care which generally means tying payments to providers with requirements of efficient and quality care. It is a departure from the old model of paying doctors a set fee for services regardless of their results, quality, use of technology, etc. Managed care isn’t just about doctors and hospitals; it also refers to incentivizing patients to take charge of their own health and use preventative care. This reform applies to private clients as well as government program clients. Innovacare is an experienced contractor with government plans especially Medicaid and Medicare Advantage.
Innovacare Health and LAN
Another aspect of Innovacare’s commitment to health care reform and managed care is their adoption of the LAN initiative. LAN is a program recently launched by the United States Department of Health and Human Services (DHHS) and specifically refers to their Health Care Payment Learning and Action Network. The objective of LAN is to reduce health care costs by converting standard fee for services medical payments over to “alternative payment methods” or APMs. APMs aren’t changing from checks to online payments but rather connecting payments to efficient and quality care as discussed above. So Innovacare Health’s managed care reforms mesh well with fulfilling the LAN plan. Innovacare was an early adopter of LAN and is one of less than a 100 providers partnering with DHHS in this initiative to make health care work better for everyone.
Rick Shinto – Award Winning Medicine
At the head of Innovacare Health is the dynamic and well-regarded leader, Doctor Richard “Rick” Shinto. Rick Shinto is the President and Chief Executive Officer of Innovacare. In 2018, Shinto received the Access to Caring Award and also Modern Healthcare magazine hailed Shinto as one of the Top 25 Minority Executives in the Healthcare Field. Both awards were related to the efforts of Innovacare Health to address the medical needs of residents of Puerto Rico. He won the Executive award in 2012 and that year he was also recognized by Ernst & Young as the Entrepreneur of the Year in the Service Field.