Doctor Rick Shinto is the overall leader in InnovaCare Health Company. However, for the company to do well in terms of performance, he has people who are offering him assistance in leadership. Mike Sortino is one of the individuals offering him support in the leadership team. Working in a health care center requires attention and only one person cannot take charge of a healthcare institution and make everything works as should be. Dr. Rick sought people to help him, and he employed Mike as one of his coworkers. As a CEO, he has many things to take care of and needs assistance in running the operations of the company. Martino works as the Chief Accounting Officer in the organization.
Accounting is one of the major departments of InnovaCare. An institution cannot work well if the accounting department is not present and if it is not managed responsibly. Finances are the major assets that make it possible to run all operations effectively. In this case, it is necessary to have an accountant. All financial activities have to be monitored for the purpose of planning. The Chief Executive Officer cannot manage to monitor all transactions and other financial activities as well as other operations in the organization. Doctor Shinto, therefore, took the initiative to have an accountant in InnovaCare who can analyze all transactions and monitor all financial activities.
Doctor Rick Shinto ensured that he employed an accountant who has experience and who knows what is expected of him in the healthcare institution. About Mike Sortino, part of InnovaCare leadership team and also one thing about monitoring financial activities in healthcare centers is that there is no time to make mistakes. Mike, in this case, is expected to do his best and avoid all errors as much as possible. Mike has a history of accounting where he worked with Marine Insurance and Samsung Fire as a controller. Before joining Samsung, he worked for five years in HCC Specialty as Chief Financial officer. Mike also has more than two-decade experience in ensuring as well as reinsuring industries in public accounting which he has done for five years. His experience shows that he has sufficient knowledge to deal with finance and since he was taken in by Penelope Kokkinides in InnovaCare, he has managed the accounting department as expected.
Jim Tananbaum is healthcare investment magnate. Tananbaum is the chief executive officer and owner of Foresite Capital, which he started in 2011. The firm is a healthcare-dedicated firm held as a private equity company. It specializes in the identification of new healthcare leaders and then guides them to become wealthy entrepreneurs by providing them with networks, resources, and knowledge. Before starting Foresite Capital, Tananbaum is also a co-founder of two healthcare practices firms and two giant biopharmaceutical companies. His legacy includes driving the price of two drugs to below $80 million by starting GelTex Pharmaceuticals. By the time of its acquisition in 1998, Geltex raked revenue of up to $200 million from sales of its drug Renzela that led in the drug market at the time. Currently, Renzela has yearly revenue of $1 billion two decades after its invention. Foresite Capital, however, remains as Tananbaum’s best company. Check out his About.me page
Tananbaum came up with the idea of Foresite Capital after two-and-a-half decade career as an investment strategist and healthcare entrepreneur especially from his experience in the science that drives innovation as well as the team that makes innovations a reality. The name “Foresite” therefore underscores the firm’s understanding and harnessing of the future of healthcare as its competitive edge. The company focuses its effort in supplying networks, knowledge, and capital to emerging healthcare entrepreneurs to help in steering their business success.
Tananbaum further treasures work-family balance and interpersonal relationships. He finds time to dine with his family daily despite his busy schedule. Tananbaum also enjoys the company of friends and further practices as a health care expert in his clinic despite his status as the chief executive officer. He further believes in encouraging innovation through recruitment, facilitation, and provision to talented leaders as opposed to imposing his ideas to his staff.
Tananbaum is a great fun of innovations, especially in genetic and molecular sciences. He further identifies himself as a scholar despite his senior position at Foresite Capital. Furthermore, he treasures partnership or teamwork for its synergic improvement on productivity and equally detests relationships that inhibit rather than reinforces performance. Tananbaum further underscores risks taking and critical thinking as the driver of his investment and entrepreneurial success. Visit medium to know more.
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