Madaket Health Surpasses 2 Million Digital Enrollment Applications
Summary
Since the 2015 launch of its flagship product, EDI Enrollment, Madaket has seen significant growth in the requests to automate the manual, error-prone processes between payers and providers. Madaket anticipates continued growth within its existing customer base, given that the its current enrollment volume represents less than 25% penetration of its provider groups under contract. “Beyond just the number, this milestone is significant because it demonstrates that the healthcare industry is emphatically saying ‘no’ to manual processes, and ‘yes’ to streamlined, automated, tech-enabled solutions,” said Mads Kvalsvik, Co-founder & Chief Technology Officer. “The benefit of this approach is clear for all involved in the EDI enrollment process: a better process can help support everyone’s collective goal of a better, more efficient, and more effective healthcare system that works for patients, providers, and payers alike.” Madaket’s platform takes paper-based tasks embedded in healthcare data exchange and automates them through a cloud-based system, helping to reduce errors and create more time for patient care. Founded and supported by Koa Labs in 2012, Madaket is led by a team of innovative entrepreneurs, technologists, and healthcare professionals with a proven track record of reducing waste and improving processes.