Two years ago, InnovaCare Health brought three then-new executive hires on at once. Jonathan Meyers, Penelope Kokkinides, and Mike J. Sortino. Respectively, the trio is employed as Chief Actuary Officer, Chief Administrative Officer, and Chief Accounting Officer, respectively.
InnovaCare Health operates the MMM of Florida in the United States’ markets. Other businesses are operated in Puerto Rico. Of course, it, too, is part of the United States. Its Puerto Rican operations have three HMO/PPO plans, two HMO-Medicaid plans, and five management services. InnovaCare Health’s United States operations don’t have as many subsidiaries as its Puerto Rican counterpart.
Dr. Richard Shinto is the President and Chief Executive Officer (CEO) of InnovaCare Health Services. Shinto is also the CEO and President of InnovaCare Health. Shortly after the company was founded, Dr. Shinto got involved with the NAMM, or the North American Medical Management in California. Five years in – in 2003 – the NAMM in California joined hands with Daniel E. Straus’ The Straus Group. Mr. Straus served the partnership as chairman of its board of directors.
Up until 2011, the group’s growth continually rose. A year after, in 2012, InnovaCare sold a variety of the North American Medical Management’s properties. InnovaCare immediately split its business into two: business in the contiguous United States and MMM Holdings’ subsidiaries across Puerto Rico.
The hurricane slowed them down
Hurricane Maria was 2017’s worst hurricane. It wrecked Puerto Rico, where cleanup efforts are still taking place. Dr. Richard Shinto found ways to keep MMM Holdings’ subsidiaries growing, entered the better-paying world of Medicaid and rising cash inflows.
An estimated 425,000 Puerto Ricans who were covered by the insurance coverage that InnovaCare sold. For every 225 Puerto Ricans covered by the InnovaCare-related plans, there was about one InnovaCare employee who was equally affected by Hurricane Maria.
Hurricanes develop off the coast of West Africa and find themselves sweeping from south to north across the southeastern United States.
InnovaCare teamed up with Bacardi Limited to give out water, food, and limited medical assistance to some 30 communities throughout the island. InnovaCare estimates that about one-fifth of one million residents have been impacted by the medical services provided by InnovaCare.
Four to five weeks after Hurricane Maria thoroughly disheveled Puerto Rico, a fundraiser promoted by InnovaCare Health that secured more than $4 million. It went to Puerto Rican relief efforts via the Gwendolyn and Joseph Straus Charitable Fund for Puerto Rico Relief.