InnovaCare Health, as a Medicaid and Medicare Advantage company, provides services related to healthcare in Puerto Rico. InnovaCare’s Chief Administrative Officer, Penelope Kokkinides, recently discussed healthcare legislation with Donald Trump and Seema Verma, CMS Director. The meeting took place April 6, 2017, at the White House. Earlier on March 22, they held a Women in Healthcare Panel that was a roundtable discussion in the Roosevelt Room of the White House.
In the course of the meeting with President Trump and Director Verma, Kokkinides, one of eight women invited to the panel, pointed to the importance of increased funding for the Medicare Advantage program in Puerto Rico. Kokkinides noted that Puerto Rico has, since 2011, endured cuts of over $1-billion in federal funding to the Medicare Advantage program — cuts that are disproportionately severe compared to cuts made to the same program in the U.S.
Kokkinides noted that the administration, under the auspices of the CMS, is considering increased payments to Puerto Rico’s Medicare Advantage system. She expressed hope that the U.S. would do what is right for Puerto Rico. She drew attention to the possibility that failure to adequately fund Puerto Rico’s Medicare Advantage system could result in significant emigration to the U.S. That, Kokkinides pointed out, would raise the cost per individual 3-4 times because of higher healthcare costs in the U.S. She said that that reality made helping Puerto Rico not only the right thing to do but the financially responsible solution.
Penelope Kokkinides has over 20-years experience in managed-care systems such as Medicare and Medicaid. Penelope has extensive executive experience, including:
- Executive Vice President and Chief Operating Officer for Centerlight HealthCare
- COO of Touchstone Health
- Corporate VP for Care Management and Disease Management at AmeriChoice (part of UnitedHealth Group)
InnovaCare Health is a provider of managed healthcare services in Puerto Rico. InnovaCare operates the two leading healthcare plans in Puerto Rico — PMC Medicare Choice, Inc., and
MMM Healthcare, Inc.