InstaMed Bolsters Board

Newport Beach- and Philadelphia-based InstaMed, the venture backed operator of a heathcare payment network, has added five members to both its board of directors and advisory board. The company, which is backed by Carrick Capital Partners, said today that it has added Lewis (Lew) E. Trowbridge, the former President and COO, Blue Cross Blue Shield of Nebraska; former U.S. Senate Majority Leader William Frist, M.D., who is a healthcare investor and heart and lung transplant surgeon; Cynthia Nustad, EVP and Chief Strategy Officer of HMS and former CTO, Regence Blue Cross Blue Shield/Cambia Health Solutions; Larry Stone, the former CEO, Card Payments Systems (now part of First Data) and former Principal, Director and significant owner, Mercury Payment Systems (acquired by Vantiv), and Karen Atwood, Former President, Blue Cross Blue Shield of Illinois and former EVP of Service and Technology, Health Care Service Corporation, to both bodies. InstaMed's President and CEO is Bill Marvin.