Medallion Drives Healthcare Efficiency with Major Funding and AI Innovation
August 19, 2025, 3:33 am
Location: United States, California, Menlo Park
Employees: 51-200
Founded date: 1972
aCrew Capital
Employees: 11-50
Medallion secured $43M, totaling $130M, to automate healthcare operations. Its AI platform streamlines provider credentialing and compliance. The company launched CredAlliance, a shared network for payers. This cuts administrative waste, speeds provider onboarding, and enhances patient care. It transforms healthcare efficiency.
The healthcare landscape constantly seeks efficiency. Administrative burdens bog down providers and payers alike. Medallion now spearheads a significant shift. The company recently secured $43 million in new funding. This capital injection underscores its commitment to revolutionizing healthcare’s back-office. Total funding for Medallion now stands at $130 million. Acrew Capital led this latest round. Washington Harbour Partners, Sequoia Capital, GV, Spark Capital, and NFDG also participated.
Healthcare’s administrative tasks are notoriously complex. Credentialing, enrollment, onboarding, and compliance demand immense human effort. These processes are manual. They involve repetitive data entry. They require cross-referencing multiple sources. Such inefficiency drains resources. It also contributes to clinician burnout. The sheer volume of paperwork creates a systemic bottleneck.
Consider provider credentialing. It is a critical, yet time-consuming, legal process. Verifying a healthcare professional’s qualifications ensures patient safety. This involves checking education, training, licensing, and experience. It requires background checks. It demands committee oversight. Each step adds to the cost and delay.
The current system fosters massive duplication. Millions of providers operate in the United States. Each often contracts with multiple health plans. One provider might engage with nineteen different payers. This translates to over 25 million credentialing events annually. Each event means redundant work. Each payer independently re-credentials the same provider. This systemic redundancy costs the healthcare system an estimated $1.2 billion every year. This waste impedes access to care. It slows down provider readiness.
Medallion offers a powerful antidote. Its platform leverages intelligent automation. It employs artificial intelligence. This technology replaces manual workflows. It streamlines healthcare back-office functions. Medallion’s system acts as a unified record for provider data. Health organizations gain efficiency. They connect patients with providers faster.
A major development accompanies this funding. Medallion publicly launched CredAlliance. This innovative service targets the heart of the credentialing problem. CredAlliance provides shared credentialing infrastructure. It serves payers specifically. This marks a significant industry advancement.
CredAlliance verifies providers once. The results then syndicate across participating payer networks. This eliminates redundant effort. Costs plummet. Providers become billable faster across various networks. This ultimately improves patient access to care. It also ensures continuity of care. Major national payers already utilize CredAlliance. Demand for participation is strong. CareSource and Valor Health Plans are among the early adopters. These networks cover millions of lives.
Medallion’s impact extends beyond new product launches. The company demonstrates remarkable growth. Its technology delivers tangible efficiency gains. Provider onboarding times are dramatically cut. Traditional processes took eight days. Medallion reduces this to under two hours. That is forty times faster. This rapid onboarding gets providers serving patients quickly.
The platform includes advanced automations. AI phone agents handle routine tasks. Tools map web forms to Medallion’s data model. These processes occur without human intervention. This further reduces administrative burden. It frees staff for more complex work.
Financial performance also reflects Medallion’s success. Enterprise Annual Recurring Revenue (ARR) saw a 106% increase. This strong growth validates its market position. It proves the value of its solutions.
Medallion introduced other new products. Privileging streamlines granting clinical privileges. Integration Engine simplifies data exchange. CAQH Management automates Council for Affordable Quality Healthcare processes. These additions bolster Medallion’s comprehensive offering.
Medallion’s reach is significant. Its platform supports approximately one million providers. This represents about ten percent of the U.S. healthcare workforce. The company eliminates hundreds of thousands of administrative hours each year. This translates directly to enhanced care delivery. It has supported access to care for an estimated 240 million patients nationwide.
The company's mission is clear. It seeks to eliminate operational waste. It aims to remove barriers to care delivery. This addresses a critical need. Inefficiency and clinician burnout plague the system. Medallion provides a scalable, intelligent infrastructure layer. This layer automates administrative burdens. It empowers healthcare organizations. It ultimately benefits patients. The future of healthcare administration promises greater efficiency. Medallion leads the charge.
The healthcare landscape constantly seeks efficiency. Administrative burdens bog down providers and payers alike. Medallion now spearheads a significant shift. The company recently secured $43 million in new funding. This capital injection underscores its commitment to revolutionizing healthcare’s back-office. Total funding for Medallion now stands at $130 million. Acrew Capital led this latest round. Washington Harbour Partners, Sequoia Capital, GV, Spark Capital, and NFDG also participated.
Healthcare’s administrative tasks are notoriously complex. Credentialing, enrollment, onboarding, and compliance demand immense human effort. These processes are manual. They involve repetitive data entry. They require cross-referencing multiple sources. Such inefficiency drains resources. It also contributes to clinician burnout. The sheer volume of paperwork creates a systemic bottleneck.
Consider provider credentialing. It is a critical, yet time-consuming, legal process. Verifying a healthcare professional’s qualifications ensures patient safety. This involves checking education, training, licensing, and experience. It requires background checks. It demands committee oversight. Each step adds to the cost and delay.
The current system fosters massive duplication. Millions of providers operate in the United States. Each often contracts with multiple health plans. One provider might engage with nineteen different payers. This translates to over 25 million credentialing events annually. Each event means redundant work. Each payer independently re-credentials the same provider. This systemic redundancy costs the healthcare system an estimated $1.2 billion every year. This waste impedes access to care. It slows down provider readiness.
Medallion offers a powerful antidote. Its platform leverages intelligent automation. It employs artificial intelligence. This technology replaces manual workflows. It streamlines healthcare back-office functions. Medallion’s system acts as a unified record for provider data. Health organizations gain efficiency. They connect patients with providers faster.
A major development accompanies this funding. Medallion publicly launched CredAlliance. This innovative service targets the heart of the credentialing problem. CredAlliance provides shared credentialing infrastructure. It serves payers specifically. This marks a significant industry advancement.
CredAlliance verifies providers once. The results then syndicate across participating payer networks. This eliminates redundant effort. Costs plummet. Providers become billable faster across various networks. This ultimately improves patient access to care. It also ensures continuity of care. Major national payers already utilize CredAlliance. Demand for participation is strong. CareSource and Valor Health Plans are among the early adopters. These networks cover millions of lives.
Medallion’s impact extends beyond new product launches. The company demonstrates remarkable growth. Its technology delivers tangible efficiency gains. Provider onboarding times are dramatically cut. Traditional processes took eight days. Medallion reduces this to under two hours. That is forty times faster. This rapid onboarding gets providers serving patients quickly.
The platform includes advanced automations. AI phone agents handle routine tasks. Tools map web forms to Medallion’s data model. These processes occur without human intervention. This further reduces administrative burden. It frees staff for more complex work.
Financial performance also reflects Medallion’s success. Enterprise Annual Recurring Revenue (ARR) saw a 106% increase. This strong growth validates its market position. It proves the value of its solutions.
Medallion introduced other new products. Privileging streamlines granting clinical privileges. Integration Engine simplifies data exchange. CAQH Management automates Council for Affordable Quality Healthcare processes. These additions bolster Medallion’s comprehensive offering.
Medallion’s reach is significant. Its platform supports approximately one million providers. This represents about ten percent of the U.S. healthcare workforce. The company eliminates hundreds of thousands of administrative hours each year. This translates directly to enhanced care delivery. It has supported access to care for an estimated 240 million patients nationwide.
The company's mission is clear. It seeks to eliminate operational waste. It aims to remove barriers to care delivery. This addresses a critical need. Inefficiency and clinician burnout plague the system. Medallion provides a scalable, intelligent infrastructure layer. This layer automates administrative burdens. It empowers healthcare organizations. It ultimately benefits patients. The future of healthcare administration promises greater efficiency. Medallion leads the charge.