SEATTLE — (October 24, 2017) – Echo Health Ventures (EHV), a strategic collaboration between Cambia Health Solutions and Mosaic Health Solutions to invest in innovative health care services and technology companies, today announced the additions of Nanette DeTurk and Kent Marquardt to its advisory board.
“Nan and Kent bring a wealth of valuable expertise from their experience as health plan leaders within the Blue Cross Blue Shield family,” said Echo Health Ventures President and CEO, Rob Coppedge. “With barely one year since EHV was founded, we have been incredibly fortunate to build such a strong panel of advisors dedicated to the success of our portfolio companies and the advancement of EHV’s new model of corporate investing. Their deep industry knowledge, influence and dedication to improving health care is a huge differentiator for EHV as we invest in and grow the next generation of great health care companies.”
DeTurk and Marquardt join Lew Trowbridge, appointed to the board in April 2017 and former President and Chief Operating Officer of Blue Cross Blue Shield of Nebraska. The advisory board will work closely with the EHV team to build its portfolio of new investments and accelerate the growth of existing portfolio companies.
Echo Health Ventures’ New Additions to the Advisory Board:
Nanette P. DeTurk, CPA, served as Executive Vice President for Highmark Health, parent company of Highmark Inc. and the Allegheny Health Network (AHN). Highmark Inc. is a Blue Cross and Blue Shield-affiliated organization, providing health insurance to nearly 5 million members. AHN includes eight hospitals, more than 2,800 affiliated physicians, as well as other integrated delivery businesses. For more than two decades, DeTurk served the enterprise and its corporate entities in key leadership positions – guiding the organization’s growth both regionally and nationally; including serving as chief financial officer for 9 years.
“Nan is fluent in collaborating with business leaders to develop and implement strategy and new transformational processes,” said Coppedge. “Her expertise will be instrumental in driving the cross-industry partnerships we need to evolve today’s broken health care system.”
DeTurk holds a bachelor’s degree from Ohio State University and a MBA degree from Pennsylvania State University. DeTurk is a principal owner of 732 Clearview Advisors, LLC, providing strategic advisory services to the health care industry. She also serves as Chairperson of the board of directors of Gateway Health, a managed care organization, and HVHC, Inc., an integrated vision solutions company.
Kent Marquardt served as Executive Vice President and Chief Financial Officer at Premera Blue Cross. He was responsible for the Premera family of companies’ finance, actuarial, corporate informatics, underwriting, and healthcare economics departments. He also led the Innovation program and Strategic Investments and was part of the Executive Leadership Team.
“Kent’s history steering strategy and vision for companies focused on analytics and customer engagement to attack inefficiencies in health care costs is invaluable,” said Coppedge. “His value-driven approach echoes our commitment to bending health care to revolve around people rather than institutions.”
Marquardt currently is the CEO of Maverick Advisors, LLC, specializing in innovation and strategy with health care companies. Marquardt is also an outside director for Landmark and Cardinal Analytixs, and an advisor for Book MD and Health Velocity Capital. He holds a bachelor’s degree in business administration from the University of Wisconsin–Whitewater and a master’s degree in business administration from the University of Wisconsin.
ABOUT ECHO HEALTH VENTURES
Echo Health Ventures LLC invests to build and grow tomorrow’s great health care companies. We invest across every stage and work with our portfolio companies to challenge and transform the health care system. As a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions, we work closely with our Parents to catalyze the development of our portfolio companies’ and accelerate their innovations to scale nationally. Echo Health Ventures operates nationwide with offices in Seattle, Durham, N.C., and Portland, Ore. Follow us on Twitter @healthecho.