InnovaCare Health was recently featured on the Business Wire website in an article titled “InnovaCare Joins HHS Initiative to Reform Payment Models.” The article reveals how InnovaCare is beginning to change the payment methods. The company is a leading Medicare and Medicaid organization that is focused on helping the U.S. healthcare system update its payment models. They want to ensure that the Health Care Payment Learning and Action Network is working towards a model that is based on quality instead of quantity.
InnovaCare is a part of the LAN network and is considered to be a Committed Partner. They support LAN’s desire to support payment reform in the healthcare industry by accelerating the movement towards alternative payment models. The company reveals that 50% of the U.S. healthcare payments will change to alternative payment methods by the end of 2018. InnovaCare is using quantitative data to better categorize the different kinds of payments in the APM framework. You can visit LinkedIn.
LAN was created in 2015 to create a better alignment with approaches to payment in the U.S. healthcare system, particularly for the public and private sectors. They wanted to help the health care system have a higher quality of treatment rather than just focusing on quantity. The Committed Partners are some of the leading companies around the globe and all of them are driven to find a payment model that works for the organizations and the people.
Penelope Kokkinides, the Chief Administrative Officer of InnovaCare reveals that working with the Committed Partners will ensure that the milestones are reached throughout the healthcare industry. It is the kind of collaboration that the market needs in this modern age.
InnovaCare, Inc. is one of the top health plans in Puerto Rico. They have more than 200,000 members and a network of more than 7,500 providers. The company also works with the two Medicare programs within the Government Health Plan of Puerto Rico. InnovaCare also provides one of the only NCQA-accredited health plans on the island. They are focused on ensuring quality healthcare through a more sustainable model of managed care. This care is meant to be cost-effective while still remaining up to date with the latest technologies. For more details visit Bloomberg.
Penelope Kokkinnides became the Chief Administrative Officer after spending a twenty-years working in the healthcare industry. She has worked specifically with government programs like Medicaid and Medicare in the past while helping to manage the industry. She has a deep knowledge of clinical programs and the processes within the healthcare industry.