A successful healthcare business typically requires a company to not rock the boat. Healthcare Industry black sheep InnovaCare Health, led by CEO and President Rick Shinto, are trying a different way. The company recently announced it will joining other major health care providers in the Learning and Action Network, or LAN. The move is an attempt to affect change in how payments are processed in the healthcare industry.
LAN’s goal is to bring a focus towards a more quality based model, as opposed to a system which currently rewards quantity. The goal is a bold one: to have 30 percent of health care payments processed in the U.S. done through alternate payment methods by 2016. They hope that number increases further to 50 percent by 2018. To make sure an accurate accounting of the results InnovaCare Health will have an active part in the Nationwide Data Collection Effort put on by LAN.
The current model for service in the healthcare industry is one where more service provided equals more cost and higher payments. LAN seeks to change that by switching to a system which rewards hospitals and providers with the improved health of their patients. You can visit modernhealthcare.com
It’s a mindset and goal which is harmonious with that of InnovaCare Health and Rick Shinto. With over 7,500 providers in their service network and over 200,000 members and clients, the company strives to change the healthcare industry from within. The company in a leading contributor of a value-based model of healthcare. From its headquarters in Fort Lee, N.J., it provides North America with a patient focused model which utilizes advanced technologies to propagate sustainable health models into the 21st century. The organization was pivotal in the relief efforts in the aftermath of Hurricane Maria in Puerto Rico in 2017. You can visit zoominfo.com
Rick Shinto has a career in the healthcare industry which has run for over 20 years and counting. He completed his undergrad at the University of California, Irvine, before getting his MBA at the University of Redlands. His medical schooling was conferred at the State University of New York at Stony Brook. He has held numerous top leadership roles at a myriad of successful leadership positions before joining InnovaCare in 2012. His proven track record has led to several awards including Entrepreneur of the Year in 2016, as well as being honored as one of the Top 25 Minority Executives in Healthcare.