Madaket Health

Madaket Health

U.S-based web platform connecting insurance providers and payers.

Madaket Health is a company that develops a platform to connect and manage insurance payers and providers for the purpose of insurance enrollment processes as well as recredentialing. It was founded in 2012 by Jim Dougherty, Mads Kvalsvik, Scott Soderstrom, and Ted Achtem. The company aims to increase the efficiency of insurance administrative data management and business operations through the use of technology. Madaket Health’s headquarters is based in Cambridge, Massachusetts.

Service

Madaket Health’s main service is offered through its cloud, website-based platform. Through this platform, Madaket Health provides two products to healthcare providers: electronic data interchange (EDI) enrollment and payer enrollment. By using these products, healthcare providers can implement a better administrative process to manage patient data, which leads to faster processing times.

Funding

Since 2017, Madaket Health has raised funding through two rounds, with its most recent being a Series B held in July 2018. This funding round accumulated $10 million in capital. Madaket Health has received financing from six investors, some of them including Experian and Salesforce Ventures.

Timeline

July 2018

Madaket Health raises a $10,000,000 series B round from PNC Financial Services, QiMing Venture Partners, Experian Ventures and Salesforce Ventures.

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People

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Andrew McCabe

VP of Product

Balaji Gandhi

Chief Financial Officer

Benedict Dsilva

Founder, VP of Engineering

Jim Dougherty

Founder, Chief Executive Officer

Karl Rabke

Chief Revenue Officer

Mads Kvalsvik

Founder, Chief Technology Officer

Stacey Lancaster

VP of Service Delivery

Ted Achtem

Founder, Chief Innovation Officer

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