Summary:
- Medallion, a San Francisco-based company specializing in AI-powered provider network infrastructure, secured $43M in new funding led by Acrew Capital.
- The funding will be used to expand their AI-powered platform, invest in go-to-market teams, and scale their CredAlliance clearinghouse.
- Medallion’s platform streamlines healthcare back-office workflows, serving as a unified system of record for provider data and supporting approximately 1 million providers in the U.S.
Article:
Medallion, a San Francisco-based company at the forefront of AI-powered provider network infrastructure, recently announced a significant milestone in their journey by securing $43M in new funding. This funding round was led by Acrew Capital, with participation from Washington Harbour Partners and existing investors like Sequoia Capital, GV, Spark Capital, NFDG, and others. The infusion of capital will play a crucial role in driving Medallion’s growth and expansion plans.
The primary focus of this new funding will be on expanding Medallion’s AI-powered platform to automate a myriad of state-, provider-, and payer-specific workflows. This move is aimed at enhancing operational efficiency and streamlining processes for healthcare organizations, provider groups, and plans. Additionally, the company plans to invest in go-to-market teams and partnerships to accelerate their growth trajectory across the healthcare ecosystem.
One of the key areas of focus for Medallion will be scaling their CredAlliance clearinghouse and onboarding additional payer participants. This initiative is expected to further strengthen their position in the market and solidify their reputation as a leader in the healthcare technology space. Led by CEO and Founder Derek Lo, Medallion is on a mission to revolutionize how provider organizations and health plans manage credentialing, enrollment, onboarding, and compliance.
The company’s AI-powered platform serves as a unified system of record for provider data, enabling customers to verify credentials, stay in-network, and connect patients with providers more efficiently. With approximately 1 million providers already benefiting from their platform, Medallion has successfully streamlined workflows and eliminated hours of administrative burden annually for healthcare organizations. This recent funding round brings Medallion’s total funding to an impressive $130M, underscoring the confidence and support they have garnered from the investment community.
In conclusion, Medallion’s latest funding milestone signifies a significant step forward in their mission to revolutionize the healthcare industry through intelligent automation and innovative technology solutions. As they continue to expand their reach and enhance their platform capabilities, Medallion is poised to make a lasting impact on the way healthcare organizations operate and deliver services to their patients.
FinSMEs
Date: 18/08/2025
