InnovaCare CEO Elected to AHIP Board of Directors

Business Wire

-- Richard Shinto, M.D., one of nine new board members to serve nation’s largest health insurance trade group --

FORT LEE, N.J.--(BUSINESS WIRE)-- Officials with InnovaCare, Inc., a leading provider of Medicaid and Medicare Advantage plans and related services, are pleased to announce the company’s Chief Executive Officer, Richard Shinto, M.D., has been elected to the Board of Directors for America’s Health Insurance Plans (AHIP), the national trade association representing the health insurance community. Shinto was announced earlier this month as one of nine new members to the board, which will be led in 2018 by Bernard J. Tyson, Chairman and CEO of Kaiser Permanente.

“It’s an honor to be elected to the AHIP board among such an esteemed group of leaders from the health insurance industry,” said Shinto. “Given the constant state of change in healthcare today, this is a particularly important time for organizations like AHIP to bring together diverse perspectives to create a 360-degree view of the world in which we all operate. I look forward to working with my fellow board members to further define and advance the priorities that will help the nation’s health plans build a smarter and more efficient healthcare system.”

InnovaCare’s health plans are regularly recognized by the Centers for Medicare and Medicaid Services (CMS) as top performers. In its 2018 Medicare Quality Rating Program, CMS awarded MMM Healthcare and PMC Medicare Choice, two of InnovaCare’s Medicare Advantage plans based in Puerto Rico, 4.5 out of 5 stars. Through the company’s provider-centric model, InnovaCare also operates the only NCQA-accredited plans on the island.

“The addition of Dr. Shinto brings a leading, unique perspective from the managed-care space to our Board,” said Marilyn Tavenner, AHIP President and CEO. “Throughout his career as a physician leader, he has demonstrated a commitment to patients and the forward-thinking, innovative mindset necessary for success in healthcare today. We’re pleased to welcome him to the Board.”

As the island of Puerto Rico continues to recover from the damage of Hurricane Maria, InnovaCare is leading significant fundraising and humanitarian efforts. Through its relief campaign, Caminamos Juntos (“We Walk Together”), InnovaCare is directly supporting efforts to rebuild Puerto Rico, where more than a million residents remain in crisis and without power or sufficient medical resources. For information on how to support this campaign, please visit http://innovacarehealth.com/puertorico/.

About InnovaCare, Inc.

Headquartered in Fort Lee, N.J., InnovaCare, Inc. is a privately-held, highly integrated payor and provider services organization, serving approximately 467,000 members. Through its subsidiary, MMM Healthcare, InnovaCare operates the leading health plans in Puerto Rico and provides a range of plans and healthcare-related services in the U.S. mainland. Branded plans include Medicare y Mucho Mas and PMC Medicare Choice, the oldest and largest plans in Puerto Rico, whose combined membership base includes more than 200,000 individuals served by a network of over 7,500 providers. Through the company’s provider-centric model, InnovaCare’s plans have achieved the island’s only NCQA accreditation and earned the only 4.5-star ratings from the Centers for Medicare and Medicaid Services (CMS). InnovaCare is committed to providing its members with quality healthcare by creating sustainable models of managed care that are coordinated, cost-effective, innovative and driven by quality. For more information, please visit innovacarehealth.com.

About AHIP

America’s Health Insurance Plans (AHIP) is the national association whose members provide coverage for health care and related services to millions of Americans every day. Through these offerings, we improve and protect the health and financial security of consumers, families, businesses, communities and the nation. We are committed to market-based solutions and public-private partnerships that improve affordability, value, access and well-being for consumers. Visit www.ahip.org. Learn more about health insurance and how it works at myhealthplan.guide.