Category Archives: Health Care Services

GreenSky Credit-A Valuable Financial Technology Lender

GreenSky LLC (formerly called GreenSky Trade Credit, LLC) was founded in 2006 as a financial technology organization based in Atlanta. It offers technology services to merchants and banks for making loans to customers. The loans could be for healthcare, home improvement, and solar purposes. GreenSky credit program gets its funding from state-chartered, federal, and federally-insured financial companies. GreenSky credit program has lent about $5 billion from 2012 to 2016.

How does the company operate?

GreenSky company exists among fintech companies such as Lending Club Corporation since it doesn’t spend its capital on loaning processes. The company makes loans available through its GreenSky mobile app to its merchant customers ranging from retailers to self-contractors who deal with items like furniture as well as advancing home services such as window replacement and roofing. GreenSky Credit firm offers other services such as elective medical procedures and the use of credit cards to cater for the enormous projects from its customers. It provides loans to its customers at a fixed period and a fixed interest rate which has contributed to its business expansion.

Capitalization and valuation

The organization was started in 2006. In 2016, the company generated a capital of $50 million and established a lending plan of $2 billion with Cincinnati’s Fifth Third Bancorp. The move led to GreenSky being rated at $3.6 billion, an improvement in its valuation since its 2014 $300 million fund-raising round. The earlier rounds included investors like QED Investors, TPG, Iciniq Capital, Wellington Management, and DST Global.

The valuation of GreenSky Credit in 2016 groups it among the most valued privately owned startups in financial technology. In 2018, the company set its IPO stipulations to 34.09 million stocks at $21-$23.

Employment and management

Currently, the firm has employed at least 1000 staff. The main representatives include;

  • David Zalik- co-founder and CEO since 2006
  • Tim Kaliban- Chief Risk Officer and president
  • Gerry Benjamin- Vice Chairman

An overview of David Zalik

Mr. David Zalik serves as the CEO and Co-Founder of GreenSky, LLC. He is also the Chairperson of the Board of Directors. Mr. Zalik has also co-founded other organizations like Phoenix, LLC, The Rockbridge Commercial Bank, and The Resource Institute. At RockBridge Commercial Bank, David Zalik was a Director. He worked in the Board of Directors on the Marcus Community Center, Hands on Atlanta, and the Jewish Federation of Greater Atlanta.

Mr. David Zalik is a qualifier for 2016 Entrepreneur of the Year. Other awards he won include;

  • 2000- Abe Schwartz Young Leadership Award
  • 2003- Catalyst Year’s Entrepreneur Award

Innovacare Health Adds Three Leadership Positions To Its Management

InnovaCare Health is a healthcare organization that deals with managed healthcare. Coincidentally, managed healthcare is prevalent in America’s healthcare insurance plan. Being an organization that deals with sensitive issues regarding health, InnovaCare Health is very specific with the leaders it has elected. That is why the board of directors was glad to announce the three additional leaders in the team. Through the leadership of these three individuals, InnovaCare Health is set to prosper in its quest to provide the best-managed healthcare services.


Background Data


Richard A. Shinto is the chief executive officer of InnovaCare Health. He is also the head of InnovaCare Health Solutions. In his capacity as a team leader, Shinto has worked hard to establish a friendly relationship between InnovaCare Health and its clients. Most fundamentally, he has been walking the company through a rapidly growing platform that embraces healthcare.


Shinto’s Experience


However, before joining InnovaCare Health, Rick Shinto worked as a senior executive in many companies including PMC Medicare Choice, MMM Healthcare Inc, NAMM California, Med Partners of Medical Pathways Management and Aveta in North America. In all these companies, Dr Shinto was a senior executive. Therefore, it is natural for him to exude the level confidence that he has been oozing at InnovaCare Health. For education, Shinto graduated from Stony Brook State University in New York.


Penelope’s Contribution


Next in line is Penelope Kokkinides. Penelope Kokkinides is an outstanding leader as well as an experienced manager in handling managed healthcare. A graduate of New York University and the prestigious Binghamton University, Penelope Kokkinides has mastered her roles in leadership. Her mission, she says in an interview with Idea Mensch, is to provide competent managed healthcare that will always leave patients satisfied with InnovaCare Health’s services.


Additional Information


Before she joined InnovaCare Health, Kokkinides worked in different healthcare companies including Touchstone Health, AmeriChoice and Centerlight Healthcare. In all these companies, she was a senior executive, and her roles included overseeing overall management. Coupled with her extensive knowledge as well as expertise in inventing clinical programs, Penelope Kokkinides has vast experience in managed healthcare. She applies this wealth of knowledge on improving healthcare. That is why since she joined InnovaCare Health, even the customer service department has developed its ability to serve patients. See This Page for additional information.


The Overview


Moreover, Penelope Kokkinides has aggressively created a safe landing for patients with all types of health problems including terminal illnesses.




Rick Shinto And Penelope Kokkinides Are Having a Major Impact In The Healthcare Industry

Innovacare Health is one of the leaders in healthcare managing in the United States, contributing to the mental and emotional well-being of seniors, equipped with 5001-10000 employees. There a wide-range of complexities within healthcare management, and the key to their success has a lot to do with the influence of Penelope Kokkinides, and Chief Executive Officer Rick Shinto. When it comes to the fields of managing in healthcare, Penelope Kokkinides has over 20 years being an expert, with experience in handling Medicare and Medicaid.


There are many well-known organizations that she has had the opportunity to work for, such as, Touchstone Health, Centerlight Healthcare, and AmeriChoice, which assisted her in establishing a prestigious track record. With Penelope Kokkinides and Rick Shinto working hand in hand, they have been able to transform many aspects of healthcare management with innovative programs with Innovacare Health.


The cost of seeing a doctor these days can be very expensive and utilizing the HealthCare Payment and Learning Action Network at Innovacare, this makes it more affordable for patients to get treatment from a physician, which was started by the U.S. Department of Health and Human Services. This program has enabled Rick Shinto and Penelope Kokkinides serve even more clients, being the lead provider in not only the United States, but Puerto Rico as well, with their Medicare Advantage plans, and Provider Networks, the two primary avenues of care.


Currently, Innovacare has over 200,000 members who utilizes their revolutionary programs, with them being so cost-effective, meeting their medical needs, redefining healthcare management. The goal of Rick Shinto and Penelope Kokkinides, is to provide the best possible medical care, focusing on keep building relationships between the patient and the physician. InnovaCare Health’s mission is to keep the patient first in mind, while providing their high-quality medical practices.


What Penelope and Rick Shinto brings to Innovacare is leadership, understanding each person’s vision regardless of the tough challenges that managing healthcare experiences. With their highly educated staff at Innovacare, as a team they have been able to have a major impact withing the healthcare management industry today. Read This Article to learn more.


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