Overview

• Medallion closed a $43 million funding round led by Acrew Capital with participation from Washington Harbour Partners and returning investors Sequoia Capital, GV and Spark Capital, bringing its total financing to over $130 million.
• The company plans to use the proceeds to expand its go-to-market teams and forge strategic partnerships across health systems, provider groups and health plans.
• CredAlliance, the startup’s shared credentialing infrastructure, verifies providers once before syndicating results across participating payers to eliminate duplicate credentialing.
• The platform is already live with CareSource, Valor Health Plans and is reported to reduce provider onboarding from eight days to under two hours.
• Medallion is positioning its AI-driven automation against established competitors such as VerityStream and Modio Health as it scales its healthcare back-office solutions.