InnovaCare Health, Inc., of Fort Lee, New Jersey, announced revisions to its automated payment system on August 2, 2016 pursuant to the United States Health and Human Services initiative to pay providers for the quality of the service they deliver, rather than by the number of patients they see or procedures they perform according to Rick Shinto. InnovaCare Health, one of the largest Preferred Provider Organizations in the United States, also offers two Medicare Advantage plans: MMM Healthcare, Inc. and PMC Medicare Choice, Inc. along with two subsidized Medaid plans. InnovaCare Health is attempting to reduce the cost and redundancy of quality health care.
MMM Healthcare, Inc., a subsidiary of InnovaCare, Inc. since 2000, is a Health Management Organization in Puerto Rico, which offers Medicare advantage plans to people with disabilities and seniors over 65 years-old according to Penelope Kokkinides. MMM Healthcare offers its subscribers primary care, diagnostics, specialists, surgeons, hospitals, and emergency services. Since 2004, PMC Medicare Choice, another subsidiary of MMM Healthcare in San Juan, Puerto Rico, strives to improve lifelong patient-provider relationships.
InnovaCare strives to develop relationships of “enduring satisfaction” which serve both patients and their providers. The difference between traditional federal government sponsored Medicare plans and Medicare Advantage Plans provided by private insurance companies is explained in detail by the online Medicare Rights Center.
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The new payment system pays for outcomes which improve patients’ health. InnovaCare, Inc. hopes to meet the Department of Health and Human Services robust goal to convert 30 percent of the private, public, and non-profit Medicare payments to their new payment system by 2016, with 20% more converted by 2018. Similarly, 85 percent of all government subsidized Medicare payments will be processed by the new system by 2016.
Subscribers, providers, purchasers, employers, and state governments may participate in the evaluation of health care services and payments by entering information into the Health Care Payment Learning and Action Network created by the U. S. Department of Health and Human Services. The Learning and Action Network is a Nationwide Data Collection Effort to help measure effectiveness and progress toward the program’s goals through user surveys, descriptive statistics, and quantitative data analysis. Interested parties may participate in Network teleconferences or webinars individually or in workgroups.
Learn more about InnovaCare Health: http://innovacarehealth.com/newsroom/