A Medicare Advantage plan is a health cover offered by private insurance companies to provide Medicare benefits. The plan covers the same Part A and B of the original Medicare coupled with extra benefits of dental care and vision. The most common types of Medicare Advantage plans include the Private-Fee-for-Service, Health Maintenance Organizations, and the Preferred Provider Organizations plans, all of which you still enjoy Medicare benefits but, you’re no longer covered by the original Medicare.
The Medicare Advantage Plan is a private plan where you pay premiums commonly referred to as copay for services, usually a fixed amount per visit. Additionally, you still pay for your Medicare premiums as you enjoy the services of doctors and hospitals in the plan’s network. The plan has a limit for your outpatient healthcare costs, after which you are required to pay for your medical costs upon visiting the plan’s hospital network. Similarly, if you want your plan to cover other medical costs like drugs and laboratory diagnosis, you are required to sign up for a plan that includes both health and drug coverage referred to as the Medicare Advantage Prescription Drug Plan.
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InnovaCare is the leading provider of the Medicare Advantage plan among other managed health care services in North America. Through its two healthcare subsidiaries, the company is committed to providing quality healthcare plans that are cost-effective, sustainable, and fully integrated with the newest technologies. The company runs two Medicare Advantage plans in North America; PMC Medicare Choice and MMM Healthcare, LLC. These two healthcare plans serve a network of 8,000 providers with a membership of over 19000 individuals.
Recently, through its subsidiary MMM Healthcare, InnovaCare acquired the Medicare Advantage contracts of First Medical Health Plans, Inc., which insured over 27,000 beneficiaries, representing over $160 million in annual premium revenues. Led by the executive Richard Shinto and Penelope Kokkinides, the acquisition was a step further toward positioning the company for accelerated success in the ever-changing healthcare sector. The acquisition also provided them with a greater opportunity to increase their number of beneficiaries and provide them with the best quality of care through their various infrastructure and management initiatives.
Dr. Rick Shinto has over 20 years of clinical and operational experience in managed healthcare. Before his appointment as the CEO of InnovaCare, he served as the chief medical officer of NAMM California, Medical Pathways Management Company, and MedPartners. He began his medical contract as a pulmonologist and an internist, while still living in California.
His success as an executive at InnovaCare Health is also related to his educational background. He earned his Medical Degree from the State University of New York, an MB from the University of Redlands, and a B. S. from the University of California at Irvine. He is also an author of several articles on clinical and healthcare medicine.