Medallion provides an AI-powered platform that automates repetitive, manual workflows in the healthcare back-office. Its product streamlines credentialing, enrollment, onboarding, and compliance and serves as a unified system of record for provider data. The platform enables customers to verify credentials, stay in-network, and connect patients with providers more efficiently. It supports approximately 1 million providers, about 10% of the U.S. healthcare workforce, and helps healthcare organizations eliminate hours in administrative burden annually. Medallion intends to use new funding to expand its AI platform to automate thousands of state-, provider-, and payer-specific workflows, invest in go-to-market teams and partnerships, and scale the CredAlliance clearinghouse to onboard additional payer participants. The company is led by CEO and Founder Derek Lo and has raised a total of $130M to date. Medallion provides a modern provider network and clinician operations platform that consolidates state license management, payor enrollment, credentialing, continuing-education tracking, compliance, and related workflows. The company says its platform has saved over 250,000 administrative hours for customers including Carbon Health, hims, Tia, Headspace Health, and Oak Street Health. Over the six months after its Series B, Medallion nearly doubled headcount to 150, doubled revenue, and expanded its customer base by increasing the number of health plans, providers, and health systems served. Management plans to use new funding to accelerate product development, expand its go-to-market organization, and deepen strategic partnerships across the platform. The company has also added several senior hires in finance, operations, marketing, and talent to support growth. Since founding in 2020, Medallion has positioned itself as a solution for digital health companies, payors, and health systems to offload clinician operations and reduce administrative burden. Medallion provides an all-in-one platform for licensing, credentialing, and payer enrollment that aims to eliminate logistical headaches for healthcare providers. The product centralizes administrative workflows involved in provider onboarding and payer interactions. The company says it is looking to take the administrative burden out of healthcare. Medallion recently completed a significant financing event that affects its current financial position. The Series A will support the firm as it scales its platform and operations. No operating metrics were disclosed in the article.

Total raised

$98M

Funding rounds

3

Latest round

Equity

Latest activity

Aug 2025