Madena™ and CODY® Merge to Expand Technology and Consulting Capabilities
CODY® Acquires Madena
Madena has been acquired byCODY®, leading healthcare technology and consulting firm. The combined offerings and decades of industry expertise provide Medicare, Medicaid, and Commercial health plans an ‘end-to-end integrated solution’ previously unavailable in the marketplace.
CODY® works with over 60 government-funded, commercial, and Affordable Care Act (ACA) health plans to help ensure regulatory compliance, enhance operations, and improve member/provider communications across the enterprise, utilizing CodySoft®, their proprietary suite of software. Driven by an escalated enforcement and rising penalties for non-compliance, health plans are searching for better ways to operate more efficiently, mitigate risk, and deliver a better experience to serve plan members. The merger also supports clients’ desire to work with a trusted, single-source provider to accomplish that and more.
The acquisition is an exciting move forward for both companies. It enables us to grow stronger together as we broaden our capabilities and expand our offerings to further support the commercial and government-sponsored health care markets.
Deb Mabari, CODY’s founder and CEO, and Denyse Wise, former founder and CEO of Madena, have been industry colleagues for years. “We have shared a similar orientation to the culture and vision of our companies. We couldn’t have asked for a better fit,” said Deb. “Now we’ve come together holistically,” said Denyse.