Medallion Reels in $43 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4487369-1&amp&semi;h&equals;722131308&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fmedallion&period;co&percnt;2F&amp&semi;a&equals;Medallion" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Medallion<&sol;a>&comma; a company specalizing in AI-powered provider network infrastructure&comma; has raised <span class&equals;"xn-money">&dollar;43 million<&sol;span> in new funding&period; Acrew Capital led the round&comma; with participation from Washington Harbour Partners and insiders&comma; including Sequoia Capital&comma; GV&comma; Spark Capital&comma; NFDG&comma; and others&period; This brings Medallion&&num;8217&semi;s total funding to <span class&equals;"xn-money">&dollar;130 million<&sol;span>&period;<&sol;p>&NewLine;<p>Medallion replaces repetitive&comma; manual workflows in the healthcare back-office with intelligent automation&comma; streamlining how provider organizations and health plans manage credentialing&comma; enrollment&comma; onboarding&comma; and compliance&period; The platform serves as the unified system of record for provider data&comma; enabling customers to verify credentials&comma; stay in-network&comma; and connect patients with providers more efficiently&period;<&sol;p>&NewLine;<p>Today&comma; Medallion supports approximately 1 million providers&comma; about 10&percnt; of the U&period;S&period; healthcare workforce&comma; and helps healthcare organizations eliminate hundreds of thousands of hours in administrative burden annually&period;<&sol;p>&NewLine;<p>&&num;8220&semi;In a system where inefficiency and clinician burnout are systemic&comma; our mission is to eliminate the operational waste that stands in the way of care&comma;&&num;8221&semi; said <span class&equals;"xn-person">Derek Lo<&sol;span>&comma; CEO and Founder of Medallion&period; &&num;8220&semi;This funding allows us to double down on our AI automation platform and launch CredAlliance&comma; our credentialing clearinghouse that makes verification truly scalable&period;&&num;8221&semi;<&sol;p>&NewLine;<p>With this funding&comma; Medallion is publicly launching <b><u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4487369-1&amp&semi;h&equals;778045489&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fmedallion&period;co&percnt;2Fproducts&percnt;2Fcredentialing-alliance&amp&semi;a&equals;CredAlliance" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">CredAlliance<&sol;a><&sol;u><&sol;b>&comma; the industry&&num;8217&semi;s first shared credentialing infrastructure for payers&period; Instead of requiring each health plan to independently repeat the same credentialing process for each provider&comma; a duplicative effort that costs the system an estimated <span class&equals;"xn-money">&dollar;1&period;2 billion<&sol;span> annually&comma; CredAlliance verifies providers once and syndicates the results across participating payer networks&period;<&sol;p>&NewLine;<p>CredAlliance is already live with several major national payers&comma; with strong demand from others to join&period; Medallion&&num;8217&semi;s AI and automation engine powers the underlying workflows&comma; enabling real-time verification and dramatically reducing onboarding timelines&period; This shared infrastructure not only reduces costs but also allows providers to become billable across networks more quickly&comma; thereby improving access and continuity of care&period;<&sol;p>&NewLine;<p>The new capital will be used to&colon;<&sol;p>&NewLine;<ul >&NewLine;<li>Expand Medallion&&num;8217&semi;s AI-powered platform to automate thousands of state-&comma; provider-&comma; and payer-specific workflows&period;<&sol;li>&NewLine;<li>Invest in go-to-market teams and partnerships to accelerate growth across health systems&comma; provider groups&comma; and plans&period;<&sol;li>&NewLine;<li>Scale the CredAlliance clearinghouse and onboard additional payer participants&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;Medallion is delivering what the healthcare industry has needed for years&colon; a scalable&comma; intelligent infrastructure layer that automates the administrative burden behind care delivery&comma;&&num;8221&semi; said <span class&equals;"xn-person">Vishal Lugani<&sol;span>&comma; General Partner and Co-founder of Acrew Capital&period; &&num;8220&semi;We&&num;8217&semi;ve been impressed by the team&&num;8217&semi;s speed of execution and the depth of customer demand across the ecosystem&comma; from provider groups to national payers&period; We&&num;8217&semi;re proud to back Medallion&&num;8217&semi;s next phase of growth&period;&&num;8221&semi;<&sol;p>&NewLine;