Board of Directors
Ravi Ika
Ravi Ika, executive chairman of the board, is a consummate entrepreneur and business process improvement expert. Mr. Ika founded ikaSystems in 1999 to address what he recognized as a pressing problem in the health insurance industry: extensive use of paper-based processes; fragmented, inflexible, expensive systems from legacy vendors; and limited ability to make effective decisions based on sound, enterprise-wide business and medical intelligence. The result was ikaEnterprise, a technology platform utilizing cloud computing that works across all health plan departments and business lines to optimize the allocation of healthcare premiums between administrative costs, medical costs and health plan profits. Market momentum attracted the world’s sixth largest private equity firm in 2009, Providence Equity Partners, which invested over $120 million in the company’s continued growth and success.
Today Mr. Ika continues in his role as lead innovator, focusing on overall corporate growth, product strategy and strategic initiatives while working closely with client organizations to ensure they receive optimal value from the company’s solutions. Essential components of Mr. Ika’s leadership are his vision for what technology can accomplish, his hands-on approach to clients’ success and his ability to build world-class development and implementation teams that possess the synergistic competencies of technical and business process reengineering expertise.
Prior to ikaSystems, Mr. Ika was founder of The ikaGroup Companies, providers of global consulting services. He also worked as a research scientist at Harvard University. He has a master’s degree in environmental engineering from Old Dominion University.
Eran Broshy
Eran Broshy is a senior advisor at Providence Equity Partners, LLC. Before joining Providence in 2009, Mr. Broshy served as chief executive officer of inVentiv Health, Inc., where he transformed the company into the leading provider of commercialization and complementary services to the global pharmaceutical and biotechnology industries. He remains executive chairman of inVentiv. Previously, Mr. Broshy was a partner at The Boston Consulting Group, where he was responsible for the healthcare practice across the Americas. He was also president and chief executive officer of Coelacanth Corp., a privately held biotechnology company.
Mr. Broshy serves on the boards of Magellan Health Services and Neurogen Corp., and he is on the New York executive board of the Simon Wiesenthal Center. He received an MBA degree from Harvard Business School, an MS degree from Stanford University and a BS degree from the Massachusetts Institute of Technology.
Steve Wiggins
Steve Wiggins founded Oxford Health Plans and served 14 years as the company's chairman of the board and chief executive officer. Under his leadership, Oxford grew to over $5 billion in annual revenue and ranked among the 300 largest U.S. corporations. Mr. Wiggins was also the founder, chairman and chief executive officer of HealthMarket, Inc., an insurance company that gave birth to innovative consumer-driven health plans and grew to over $150 million in revenue before being acquired by UICI. In 1993, he co-founded Health Partners, Inc., a physician practice management company that grew to $140 million in annual revenue before it was sold. In addition, Mr. Wiggins was a principal co-founder of Intelliclaim, Inc., which provided claim auditing and productivity software and services to over 20 health insurers before it was sold to McKesson, and BenefitPort, LLC, a consolidation of health insurance general agencies. He has been an active private equity investor on his own and in partnership with private equity funds, typically originating transactions or organizing new businesses.
Mr. Wiggins joined Essex Woodlands in 2007, where he is a managing director. In addition to ikaSystems, he serves on the board of directors for Touchstone Health Partnership, Inc. Mr. Wiggins is also the founder and serves as a director of Accessible Space, Inc., a nonprofit organization that develops and operates residential facilities for individuals with mobility impairments and brain injuries. He holds an MBA degree from Harvard Business School and a BA degree from Macalester College, where he currently serves as a trustee.
Jesse M. Du Bey
Jesse Du Bey is a principal at Providence Equity Partners, LLC. He is a director of Kerasotes Theatres, The Vendome Group and World Triathlon Corp. Before joining Providence in 2008, Mr. Du Bey was a Director at Wasserstein & Co., where he worked on middle-market leveraged buyout and venture capital transactions across a variety of sectors, with a focus on media and business services. Previously, Mr. Du Bey was an associate at Wasserstein Perella Group. He received a BA degree from the University of Washington.
Leslie V. Norwalk
Leslie V. Norwalk is strategic counsel to Epstein Becker & Green P.C., EBG Advisors and National Health Advisors. She also is a principal in Norwalk & Associates, and she sits on the boards of directors of Broadlane, Sound Inpatient Physicians, Guardian Healthcare and Sante Pediatric Rehabilitation.
As CMS’ Acting Administrator, Ms. Norwalk managed the day-to-day operations of Medicare, Medicaid, State Child Health Insurance Programs, the survey and certification of healthcare facilities, and other federal healthcare initiatives. For four years prior to that, she was the agency’s Deputy Administrator, responsible for the implementation of the hundreds of changes made under the Medicare Modernization Act, including the Medicare Prescription Drug Benefit.
Prior to this role, Ms. Norwalk practiced law in the Washington, D.C., office of Epstein Becker & Green, P.C., where she advised clients on a variety of health policy matters. She also served in the first Bush Administration in the White House Office of Presidential Personnel and the Office of the U.S. Trade Representative.
Ms. Norwalk, a native of Dayton, Ohio, earned a Juris Doctor degree from the George Mason University School of Law, where she was a Dean’s Scholar and an editor of the George Mason Law Review. She earned a bachelor’s degree, cum laude, in economics and international relations from Wellesley College.
William S. Hughes
Will Hughes is a senior associate at Providence Equity Partners, LLC. Before joining Providence, he was an associate at Summit Partners, where he focused on growth equity and middle market investments. He was also special assistant to the chief executive officer at Netdecisions Group and an analyst in Lehman Brothers’ technology investment banking group. Mr. Hughes received an MBA degree from Harvard Business School and a BA degree from Dartmouth College.