InnovaCare Health CEO Richard Shinto Appoints S. Bhasker as Chief Information Officer

Leading Puerto Rican provider of managed healthcare services in North America, InnovaCare Health introduced S. Bhasker as the new Chief Information Officer to join the executive team. CEO, Richard Shinto selected Bhasker based on his credentials in information technology and prior experience. Bhasker earned undergraduate and graduate certificates in mechanical engineering, business administration and information systems. He holds bachelor’s degree, master’s degree and doctoral degree from Indiana Institute of Technology and the School of Business at New York University. Shinto hired him to manage and oversee the information technology department and providers connectivity unit at the company.

InnovaCare Health is dedicated to communities in North America to provide reliable healthcare through their models that are economical using advanced technologies. The company offers two major healthcare programs, Medicare Advantage and Provider Networks. Medicare Advantage Plan Types comprise of HMOs, PPOs, PFFs, SNPs, PSOs, and MSAs. These are private Medicare health plans that contract with the federal government, and are offered at a fixed price per individual. Each plan type has its own set of guidelines and rules to obtain coverage and benefits.

To join InnovaCare Health’s Medicare Advantage Plan, the applicant must have parts A & B of Medicare. The applicant also has to reside in the service area the plan is offered and free of the end-stage renal disease. The plans cover most emergency and medical services, excluding hospice care. Select a Health Maintenance Organization, Preferred Provider Organization, Private Fee-For-Service, Special Needs, Provider Sponsored Organization, or Medicare Medial Savings Accounts plan type. Additional coverage is available for hearing, dental, health & wellness programs, and vision.

Read more:
InnovaCare Subsidiary MMM Healthcare Acquires First+Plus Medicare Advantage Members

InnovaCare Inc Company Profile

InnovaCare Health is led by Richard Shinto, M.D. and Penelope Kokkinides, Chief Administrative Officer. Shinto and Kokkinides have 20 years of experience in the healthcare and medical industry. Rick Shinto joined the company with expertise in clinical healthcare, operational healthcare, and medical management. Penelope brings valuable knowledge in clinical operations, Medicare & Medicaid government programs, clinical program development, and care management.

S. Bhasker joined InnovaCare Health with prior experience working for AETNA International, American Enterprise Groups and Coppers & Lybrand. He brings extensive expertise in information technology and held executive positions as Senior Vice President, Chief Operations Officer, and Chief Information Officer. Shinto, Penelope Kokkinides and Bhasker will work collectively to provide consumers access to provider networks and Medicare Advantage Programs. InnovaCare recently joined HHS to help with the reform of the U.S. health payment system.

Medicare Advantage Simplified

Medicare Advantage is a health insurance program in the United States. The majority of people with Medicare normally get their coverage from the original Medicare while around a third of the beneficiaries opt to get their benefits from Medicare Advantage plan also known as the private health plan. The Medicare Advantage Plans have contracts with the federal government and are paid fixed amount for every person to provide the Medicare benefits.

The type of Medicare Advantage Plan commonly used are Health Maintenance Organizations (HMOs), Private Fee-For-Service (PFFS) and Preferred Provider Organizations (PPOs).

If one gets enrolled in Medicare Advantage Plan, they still have Medicare. What this means is that you pay for monthly for part B premium and part A premium if you have one. Respectively, every Medicare Advantage must provide all part A and part B services that the original Medicare offer, but they are allowed to do it with different rules, restrictions and costs that will how one receive care.

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Every single Medicare Advantage Plan must comprise of a limit on out of pocket expenses for both part A and B services. The limits at many times are usually high. The plan also cannot include the cost-sharing that remains higher than would normally be under original Medicare for some services such as dialysis and chemotherapy but can have higher cost sharing for additional services.

Indeed, different types of plans have different of guidelines how and where one can get coverage. It is important therefore to check how a plan coverage works even if it is of the same type but offered by a different company.

Medicare Advantage will often charge a premium and also a Medicare part B premium. To join Medicare Advantage, you should have either of the following:

Medicare Parts A and B,
Live in the plan’s service area, and Do not have End-Stage Renal Diseases

InnovaCare Health, Inc. is a leading provider of Medicare Advantage plans and physician practice service. The company is committed to giving high-quality healthcare through creating sustainable, cost effective plan that is fully integrated with today’s technology. InnovaCare Health has two Medicare Advantage plans, PMS Medicare Choice and MMM Healthcare in Puerto Rico.

Rick Shinto is currently the president and the CEO of InnovaCare. He previously served as a member of managing team then became President and CEO of Aveta Inc. in 2008 to 2012. He has for over 20 years worked in clinical and healthcare with experience in manage care. He has medical degree from the State University of New York at Stony Brook and also an MBA. from the University of Redlands.

Chief Administrative Officer at InnovaCare, Inc is Penelope Kokkinides. She has previously worked in InnovaCare as the COO, COO of Aveta Inc., and the vice president of Clinical Operations. Kokkinides has over 20 years of healthcare experience. She has a bachelor’s degree in biological sciences and classical languages from Binghamton University, master’s degree in social work from New York University.

Learn more about InnovaCare Health: http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=225431891