Category: Company

InnovaCare Is Doing Well With Rick Shinto Still

InnovaCare Health is a provider of managed healthcare throughout North America. Founded in 1998, the managed service provider has been headed by founder Rick Shinto, a physician-and-CEO combo, from the jump.

New C-suiters hired by InnovaCare Health in 2018

Brand-new vice president of sales and marketing Peter Zafris left InsightinHealth in May 2018. Mr. Zafris also was a part of leadership in major insurance companies UnitedHealthcare, Cigna, and Blue Cross Blue Shield.

Now-former consultant Frank Izquierdo is now InnovaCare Health’s vice president of developing networks and contracts. Much like Peter, Izquierdo comes from a background of other healthcare companies. Mr. Izquierdo hangs upwards of 25 years of healthcare management from his belt.

Penelope Kokkinides celebrates three-and-a-half years with InnovaCare

Ms. Kokkinides boasts more than two decades of Medicare-related experience and roster spots at Centerlight HealthCare, Touchstone Health, and Americhoice. Penelope Kokkinidea has a whopping four degrees, which includes graduation from Columbia University’s School of Public Health and New York University.

42 months ago, in June 2015, Penelope Kokkinides was welcomed back to InnovaCare, the chief administrative officer of InnovaCare Health. She had previously been with InnovaCare for a six-year stint, ending in 2012 as its chief operating officer.

Kokkinides’ resume includes stays as EVP and COO of Centerlight HealthCare, among the C-suite members of UnitedHealth Group’s subsidiary AmeriChoice, and COO of Touchstone Health. She’s got two master’s degrees, a post-masters-but-not-doctorate degree, and two bachelor’s certificates from Binghamton University that weren’t related to her envy-causing career.

InnovaCare Health and its Peurto Rican holdings

MMM Holdings is a subsidiary of InnovaCare that is based in Puerto Rico. MMM of America is InnovaCare’s one shot at the contiguous United States. MMM Holdings has several subsidiaries, all of which are spread across HMO/PPO plans, HMO-Medicaid, and management services.

InnovaCare picked up the Puerto Rican MMM Healthcare in 2011. In 2012, InnovaCare Health Solutions was headed up as the new face of the organization.

The team as a unit

InnovaCare’s uppermost ring of executives collectively boasts upwards of 125 years working in either managed healthcare or medical supply product delivery.

https://www.crunchbase.com/person/rick-shinto

Deirdre Baggot Is an Expert Healthcare Strategist

Deirdre Baggot wears a lot of professional hats. These include BSN, MBA, and PhD. She currently works as a healthcare business strategist and expert on topics and practices that concern healthcare payments. Schools she attended include Loyola University and the University of Colorado in Denver. She started her career at Northwestern Memorial Hospital as a nurse and manager of the hospital’s administrative group. Find out more about Baggot at Resumonk

She held several professional positions before moving on to GE Healthcare. By this time she gained a lot of experience in developing business, acquisitions in marketing, recruiting talent, and payer contracting. At GE Healthcare, she helped to grow the company’s annual revenues by $6.6 million.

Deirdre Baggot has created and nurtured numerous professional relationships. This has helped her to create major programs and strategies used at more than 200 hospitals around the country. She has also received national recognition for her work. She speaks at medical conferences and high-profile health organizations in the same service space as the American Heart Association.

Her knowledge and experience makes her one the nation’s leading experts on bundled payments. To date, she has writing over 20 scholarly papers on the topic. These papers are highly respected within the healthcare industry. Her academic knowledge also covers the transformation of healthcare payments along with important issues that cover healthcare reform.

Baggot comes from a medical family. Her father was an anesthesiologist and her brother woks as an OB. It was only natural that she would gravitate toward a career in medicine. She likes the fact that her education and training enables her to make a difference in the lives of her clients. As the market shrinks, she enjoys taking on the challenges off helping her clients achieve their marketing and growth strategies.

Deirdre Baggot remains excited about the advance of consumer wearables. These are mechanisms that help patients to engage their own well-being and health. Baggot is a good example of how education and experience can intersect in ways that produce results. She remains in a position to add her expertise to the industry for years to come. Baggot is a great example of what happens when education and experience combine. Good things can result.

Learn more: https://chronicleweek.com/2018/10/deirdre-baggot-discusses-bundled-payments-2018/

 

HGGC acquires majority shareholding in RPX

HGGC has completed a tender offer that was announced by one of its affiliates, Riptide purchaser, Inc. After the completion of the acquisition, Purchaser has acquired all outstanding shares of RPX common stock. According to the CEO and co-founder of HGGC, Rich Lawson, the company is happy to have partnered with the management of RPX. They are happy to work with our RPX going forward and ensuring that our RPX meets the growing needs of its client-network. In the acquisition, the deal was completed without the affirmative vote of other RPX shareholders.

HGGC is confident that it will help RPX to achieve its next goals of growth and strengthen its opportunities in discovery management and patent risk services. Steven Leistner, the principal of HGGC, argued that the deal would create an environment whereby RPX will manage to grow its operations to a wide range of clients. RPX has a mission of investing in opportunities that meet the needs of the clients in long-term while at the same time providing innovative services which clients can rely on. By working with the new partner, they will be able to meet their goals and those of Inventus. After the completion of the merger, RPX will now be one of the subsidiaries of HGGC.



RPX provides discovery management and patent risk solutions. It was founded in 2008 and has introduced efficiency in the market by providing alternative solutions to litigation. The company is based in San Francisco and uses the approach of deep patent expertise, principal capital, and client contributions to generate an improved patent purchasing power. RPX has managed to mitigate patent risk for its wide range of clients by acquiring patents and patent rights. As of March 2018, RPX had over $2.4 billion investments in patent assets and rights on behalf of over 320 clients in different keys sectors such as consumer, electronics, e-commerce, software financial services, mobile communications, semiconductors, and networking.

HGGC is a top middle-market private equity firm with capital commitments of over $4.3 billion. It is best in alto California and known for its advantaged investing model that enables it to source and acquire attractive business opportunities. So far it has completed over 19 investments recapitalizations and add-on acquisitions with a value of more than 17 billion.

https://www.businesswire.com/news/home/20181001005110/en/Colin-Phinisey-Joins-HGGC-Lead-Capital-Markets

GreenSky Credit creates new lending model for retail consumers

David Zalik is a name that few Americans know. He first came to the country at age three when his parents immigrated from Israel. Zalik proved to be a child prodigy throughout his formative years, graduating from high school at the age of just 12.

Zalik attended the University of Auburn where he demonstrated that he could keep up with much older students. But he quickly grew bored with academic life, eventually dropping out at the age of 14 to found his own company.

Over the next two decades, Zalik would go on to found and sell off a large number of companies, ending up with a considerable fortune by the time he was in his early 30s. It was then that he first conceived of the idea for GreenSky Credit.

Bridge financing at the retail level

Zalik had accumulated a great deal of experience within the home improvement space. He had noticed that a number of the most prominent players in this industry were losing a great deal of business. The nature of the problem, Zalik saw, was that customers were ending up thinking that their home improvement projects would come in at a far lower cost than the actual estimate ended up being.

Zalik asked why it wouldn’t be possible to extend these retail home improvement customers the same kinds of bridge financing opportunities that are available for some of the biggest real estate developers. After all, Zalik saw that the kinds of projects being done by high-end home improvement customers were very similar to the kind of projects that real estate development firms did every day. And the costs, while not as high as commercial projects, were often high enough that they left average home renovation customers with no viable way of financing their projects.

This was the impetus behind the creation of GreenSky Credit. GreenSky Credit is dedicated to providing high-end home improvement customers with loans up to the six figures at the point of sale. GreenSky has partnered with some of the top banks in the country. And GreenSky customers often have to make no payments on the loans for an entire year.

https://greensky.secure.force.com/portal/MerchantLogin