Madaket, Inc.

Madaket, Inc. is a healthcare technology company that specializes in Provider Data Management (PDM) solutions, streamlining operations for healthcare organizations through automation and integration of data management processes. Founded in 2012 in Cambridge, US, Madaket, Inc. offers a platform that automates healthcare administration.

The company raised USD 10 mn in Series B funding on July 23, 2018, led by Qiming Venture Partners and included investors such as Salesforce Ventures, PNC Financial Services Group, and Experian Ventures. The firm has completed 2 deals to date, focusing on enhancing the efficiency of provider data management in the healthcare sector. Madaket Health specializes in providing a comprehensive Provider Data Management (PDM) platform designed to streamline healthcare administration operations. The core product offering facilitates payer enrollment automation, licensing, verification, and data integration, addressing inefficiencies in the management of provider data.

By employing an all-in-one, fully integrated system, Madaket Health alleviates the burdens associated with traditional manual processes, ultimately enhancing operational efficiency for healthcare organizations. The platform serves a diverse client base, including hospitals, health systems, provider groups, payers, and revenue cycle management services, ensuring real-time access to accurate provider information and compliance with regulatory standards. Madaket Health’s solutions are marketed primarily in North America, with potential offerings expanding into additional international markets as the company grows. Madaket Health generates revenue through a subscription-based model tailored for its PDM platform, where clients typically engage in annual or multi-year agreements.

The transactions are structured as B2B relationships, where healthcare organizations subscribe to the platform to automate critical processes such as provider enrollment and data management. While specific pricing details are not disclosed, the firm’s offerings include tiered subscription plans that cater to varying needs across different sizes of healthcare organizations. The flagship platform, with its advanced functionalities, positions Madaket Health as a key player in the healthcare data management market, driving significant operational savings for its users and enhancing overall provider satisfaction. Madaket, Inc.

plans to utilize its recent Series B funding of USD 10 mn to enhance its PDM platform and explore the development of new products to better serve healthcare organizations. The company is focused on expanding its market presence within North America while also looking to enter additional international markets. The funding will support these initiatives and is aimed at facilitating the development of new features and leveraging data integration technologies to increase operational efficiency for clients.