CAMBRIDGE, Mass.– Madaket Health has appointed Megan Schmidt as chief executive officer, succeeding Eric Demers, who will remain with the company as a strategic advisor. Schmidt, a veteran healthcare leader with more than two decades of experience, will lead the Cambridge-based provider data management company through its next phase of growth.
Schmidt previously held senior leadership roles at HealthPartners and Corewell Health, where she focused on healthcare transformation, cost reduction, and data-driven innovation. She joined Madaket 18 months ago, first as a board member and later as chief revenue officer.
“For more than 10 years, Madaket has been committed to solving one of the healthcare industry’s most persistent challenges: inaccurate provider data,” Schmidt said. “Every day, physicians move between practices and health systems, and ensuring information is current across our fragmented healthcare system is difficult. This results in billions of dollars of waste, administrative burdens, and unnecessary barriers to care. I’m proud to lead Madaket as we scale solutions that turn this challenge into an opportunity for real system-wide improvement.”
Madaket’s platform, the Provider Data Exchange, helps payers comply with federal and state mandates such as the No Surprises Act and the Centers for Medicare & Medicaid Services’ push for a centralized physician directory. The system integrates with electronic health records, credentialing platforms, and revenue cycle management tools to streamline real-time provider data updates.
Demers praised Schmidt’s promotion, citing her impact on the company’s recent growth. “As she further transitions into this growth-focused role, her leadership will be transformational for the future of Madaket Health,” he said. “With her rich history in the healthcare space, she understands our customers’ pain points and how outdated data negatively impacts patients’ ability to easily access high-quality healthcare.”
Madaket has reported strong growth in revenue and partnerships as demand rises for solutions that reduce waste and improve provider data accuracy. A study cited by the company found that 81 percent of provider directory entries across major U.S. insurers contained errors, costing the industry nearly $17 billion annually in claims processing mistakes.
