Alvarez will focus on strategic development in the healthcare ecosystem to drive access to high-quality healthcare as the risk-bearing organization continues its national expansion.

Orlando, Florida--(Newsfile Corp. - July 18, 2024) - InnovaCare Health, a leader in integrated and value-based healthcare services, announces the appointment of Marie "Kat" Alvarez, RN, MBA, as Chief Strategy Officer. With over two decades of experience, Alvarez, a nationally recognized healthcare leader, embodies a growth leadership mindset coupled with extensive payer and provider expertise.

As Chief Strategy Officer, Alvarez will develop and implement strategies to drive innovation and growth and strengthen InnovaCare Health's competitive position in the healthcare industry. She will leverage her proven success in building and expanding thriving healthcare operations, enhancing care delivery models, and effectively managing mergers and acquisitions. Her expertise in developing strategic plans and partnerships will be instrumental in shaping a prosperous future InnovaCare Health.

"Kat has been a trusted partner for many years and is well regarded as a strategic, mission-driven leader in value-based care," said Andrew Kaplan, partner at Bain Capital Private Equity. "We're thrilled to have her join InnovaCare Health to advance strategic partnerships, accelerate growth, and expand access to high-quality care."

Before joining InnovaCare Health, Alvarez held senior leadership positions at organizations such as Cano Health, IMC Health (now Caremax), WellMed/Optum, Centene, and Humana. Her achievements include driving operational excellence, leading transformative initiatives, and fostering strategic partnerships. She is also the founder of Katalyst Health, a highly successful advisory firm serving value-based providers and investors.

"We are delighted to welcome Kat to our executive team," said Will Abbott, CEO of InnovaCare Health. "Her experience and strategic acumen, combined with her understanding of payer and provider perspectives, make her an invaluable addition to our leadership team. We are confident that her vision and leadership will advance InnovaCare Health's strategic objectives."

Alvarez is regarded across the nation as an expert on the operations and business of healthcare. She holds a Bachelor of Science in Nursing from Florida International University and a Master of Business Administration from Nova Southeastern University's Wayne Huizenga School of Business and Entrepreneurship.

"As InnovaCare Health's Chief Strategy Officer, I aim to address challenges across the healthcare ecosystem. We are the solution for providers and plan partners alike during this period of rapid change. As a healthcare provider enhancing and expanding access to quality coordinated care for patients is our number 1 priority," said Alvarez. "As InnovaCare expands its footprint and deepens its services, we must also strive to continuously improve the patient experience and the quality of care delivered so that providers can focus on quality outcomes. I am excited to collaborate with the team to shape a brighter future for our patients and their families."

InnovaCare Health operates a network of physician practices led by experienced healthcare executives and physicians. The company grew revenue by over 50% in 2022. Following a majority investment by Bain Capital Private Equity in December 2021, alongside existing investor Summit Partners, InnovaCare enters 2024 with a strong development pipeline of primary care practices across several states. The risk-bearing healthcare organization serves 150,000 patients annually, including 50,000+ seniors, in risk-bearing arrangements.

Marie "Kat" Alvarez, MBA, RN, is the new Chief Strategy Officer of InnovaCare Health, a leader in value-based healthcare services recognized for transforming care delivery. (Photo compliments of InnovaCare Health)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10696/216954_485b6f63441be827_003full.jpg

About InnovaCare Health

Based in Orlando, Florida, InnovaCare Health improves the lives of patients and physicians through innovative solutions for value-based healthcare. Throughout its 20+ year history, InnovaCare Health has owned, operated, and managed an integrated portfolio of leading medical groups, health plans, medical service organizations, clinical networks, and more. For more information, please visit innovacarehealth.com or follow us on Facebook or LinkedIn.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/216954