Madaket enables partner organizations to strengthen revenue cycle management and reduce administrative waste
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Madaket Health, a provider data exchange platform enabling automated information flow between healthcare payers and providers, announced today the multi-year renewal of a current partnership with efficientC. During the initial contract with efficientC, a claims management and denial prevention technology platform, Madaket’s EDI solution was utilized to support efficientC in its efforts to improve its administrative processes for provider enrollment.
Madaket’s EDI solution, the company’s flagship platform application, has assisted customers in submitting data to payers and clearinghouses accurately and efficiently. Since the inception of the relationship, Madaket’s platform has increased the efficiency and efficacy of efficientC’s provider enrollment. Madaket’s EDI solution supports the accuracy of data being passed between payers and, by design, can eliminate the administrative errors that can negatively impact productivity in healthcare.
“We are pleased to extend our partnership with Madaket, and continue offering our provider clients with a dependable solution aimed at reducing administrative waste,” said Dave Glyzewski, Director of Operations at efficientC. “Together, we have been able help providers accelerate the enrollment process and adopt faster, more efficient methods for managing their data, allowing them to focus more on providing quality patient care.”
Madaket’s technology streamlines the time-consuming, tedious, and reoccurring processes in healthcare administration, making it a strong pairing for efficientC’s revenue cycle management solution. Through its relationship with efficientC, Madaket has continued to grow its provider database. Today, more than 75% of provider groups in the U.S. exchange data for these transactions through the Madaket platform.
About Madaket Health
Madaket Health is the leader in automated, intuitive provider data management. Madaket’s SaaS-based provider data exchange platform, PDX, enables easier, faster, and more accurate governance, risk management, and compliance (GRC) functions between payers and providers by serving as both a hub of provider data, plus analytics, and an engine for processing transactions. Leading revenue cycle management systems, provider networks, and health plans throughout the country use Madaket’s PDX to work together more seamlessly, saving them all time and money. Madaket has processed transactions on behalf of more than 70% of provider groups in the U.S. through its customers and partners, chipping away at the billions of dollars in administrative waste in the provider data marketplace. To learn more, visit madakethealth.com.
efficientC is a comprehensive denial prevention and claims management technology platform. Built by revenue cycle experts for revenue cycle users, efficientC combines easy to use denial analytics, an industry best claim scrubber, and clearinghouse technology to deliver the most complete denial prevention tool available. efficientC’s Insights (denial analytics), is a predictive analytics solution that leverages machine learning and actionable intelligence to keep denials at bay. The efficientC platform reduces write-offs and improves cash flow helping our customers get 95% of their claims paid in 20 days or less. To learn more, visit os-healthcare.com.