Innovative Healthcare Company – InnovaCare Health

Most people experience the traditional Medicare healthcare insurance coverage while around one-third elect to obtain a Medicare Advantage Plan. While the beneficiary still has Medicare coverage through the traditional government plan, they use a different form of health care insurance coverage to cover their medical expenses. One may expect to receive different coverage through a Medicare Advantage Plan, and that is simply why they choose to obtain that type of health care coverage. There are several different types of Medicare Advantage Plans that the beneficiary can choose from. They are called the Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs) and Private Fee-For-Service (PFFS). Medicare Advantage Plans can cover other medical services that the traditional Medicare plan does not cover. The advantage to Medicare Advantage Plans are that they continue to provide Part A and Part B services but they can do so with different rules, regulations, costs and restrictions that can sum up how you receive overall care. Health care plans can become very confusing at times, and with all of the health care regulations and changes it’s important to understand your health care coverage plan so that you can ensure future medical expenses will be handled appropriately and be covered. The last thing you want to worry about when you’re sick is how you’re going to pay for the medical services rendered. That’s where InnovaCare comes into place.

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InnovaCare is a fact paced health care company that can help you make the right decision with your Medicare Advantage Plan of choice. By carefully constructing a plan with you for your health care coverage plan, they can help you understand the difficult measures in the fine detail. InnovaCare Health puts patient’s first and is dedicated to helping each patient find quality medical care. InnovaCare are committed and dedicated to refining the healthcare managements systems to meet the challenges of the complexity we face everyday with healthcare. By focusing on strong patient interaction and refining the plans detail to make sure the patient understands their plan, they can ensure that you understand your medical plan and medical services that are covered.

InnovaCare is backed by some of the best and educated professionals in the market like Penelope Kokkinides. They are proud to the executive management team that they have on board such as Rick Shinto, who is the President and Chief Executive Officer along with Douglas Malton acting as the Chief Financial Officer.

Innovative Healthcare With InnovaCare

In this day and age it is vital to have adequate and affordable healthcare. There are many ways to obtain healthcare insurance. Many individuals are able to obtain this necessity through an employer. However, retired or disable individuals are often dependent on the healthcare coverage that is available through the government. This is the case for millions of American citizens, including the ones in Puerto Rico.

Puerto Rico residents who use Medicaid as their primary source of insurance have several options to choose from. Many individuals choose to use the original medicare plans. However, a large population have enrolled in an alternative plan that is available. This plan is the Medicare Advantage Plan.

The Medicare Advantage Plans provides participants with the same medical coverage as the other insurance plans available under Medicaid. These plans, however, operate under different rules and regulations. Therefore out of pocket costs, such as co-pays and coinsurance amounts, tend to be different. There are several different types of plans available under this type of medicare plan. The most common types of insurance plans include; health maintenance organizations, preferred provider organizations, and private fee for service plans. Special needs plans and provider sponsored organizations are among the other options also available for plan participants to choose from.

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Choosing the right plan for you can often be a confusing task. This is why many participants of the Medicare Advantage Plans in Puerto Rico use InnovaCare Health. InnovaCare Health has over 200,000 participants in Puerto Rico. They also have over 7,000 healthcare providers within their network. The participants are grouped within two plans available with InnovaCare Health. InnovaCare Health plans are the MMM Healthcare plan and the PMC Medcare Choice plan.

InnovaCare has an amazing team of physicians and other business gurus heading up the organization. The Board of Directors has prominent players such as; Daniel E. Straus, Joseph Mark, Stephen Baker, and Jonathan Kolatch. The board is headed by President and Chief Executive Officer Rick Shinto, MD. Dr. Shinto leads the team with over twenty years of experience. He has held several chief officer titles at various medical institutions and insurance companies throughout his career.

Another prominent, and top player, at InnovaCare is the Chief Administrative Officer, Penelope Kokkinides. Ms. Kokkinides also has over twenty years of experience in the medical and insurance industries. Her expertise lies in developing clinical programs and managing healthcare operations. Ms. Kokkinides and Dr. Shinto are vital players in the success of InnovaCare.

Noblis Health, Strategically Expanding its Services Owing to its Strong Financial Performance

Nobilis Health is company that deals in complete healthcare development and management. It uses a direct to patient and innovative marketing style. This direct to patient style focuses on the procedures that are specifically undertaken by local physicians throughout its centers. Noblis Health manages and owns acute care and ambulatory facilities that facilitate the success of its health care services. The healthcare company also runs and owns ambulatory surgery centers in Dallas, Scottsdale, and Houston. Other assets that the company owns includes an acute care hospital, urgent care clinic, and imaging centers in Houston.
Noblis Health has a strong record in mergers and acquisitions. In September 2014, it acquired its first hospital where it paid in consideration of $7.5 million. Noblis also announced in September 23 that it had acquired a 60% stake as well as management control of the former Freedom Pain Hospital in Scottsdale, Arizona at a price of $3.2 million. The company made the acquisitions after having strong revenues for the periods ending September 30, 2014. In that financial year, the company realized an increase in revenue of $9.6 million translating to a 125% increases from $7.6 million the previous year to $17.2 million. The excellent performance was created by an improvement in the revenue per case in addition to the increase in the number of surgery cases.
Noblis has become a major player in the ever rising demand for surgical procedures brought about by the prevalence of obesity in addition to the aging population. The buying rate of its shares is expected to hit $12.50 in the coming days. This is an improvement considering the share was trading at $5.72. It has had a one 52 week period high of $9.34 and low of $1.072. The high rate was experienced on April 20, 2015 and since then; the shares have made a strong rally of 375.21%. The low point of the shares was experienced in October 24, 2014 over a 50 day moving price average of $5.13 and an average price of $6.23 for a 200-day period. Various financial analysts have had their views on the company rating with many predicting a rate of $10, including Stephens Inc’s Equity Analysts.
On April this year, Noblis Health Corporation completed a $25 million deal of a debt financing facility with GE Capital. The aim of deal was to boost Noblis’s expansion efforts besides providing a new spinning working capital. It was also meant to repay some of Noblis indebtedness that includes the $12 million seller’s note that was created through the acquisition of Athas Health by Nobilis in 2012. The transaction marked the achievement of the corporation’s goals of early 2015. The main goal of the organization was to reduce the average borrowing costs along with streamlining its capital structure. The relationship between the corporation and GE was meant to act as means of aiding Noblis realize its planned growth for the rest of 2015 and in the future. Noblis Health Chief Executive Officer, Chris Lloyd, disclosed this information. The revolving loan was offered at low rates of 4% in contrast to the initial borrowing rate of 9.6%. This rate is flexible and it is expected to enable Noblis Health expand its services without much strain.