Healthcare has always been a space in need of modernization, and Medallion is stepping up to the challenge in a big way. The U.S.-based startup, founded by Derek Lo, has just raised $43 million in its latest funding round. This fresh capital will power its mission to simplify, streamline, and modernize healthcare administration  -  an area that has long been stuck in outdated, manual processes.

The round was backed by Acrew Capital, Washington Harbour Partners LP, Sequoia Capital, GV (Google Ventures), Spark Capital, NFDG, and others. With this new funding, Medallion is poised to strengthen its infrastructure and expand its reach, helping healthcare organizations cut through the red tape and focus on what matters most: patient care.

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Why Healthcare Administration Needs Reinvention

Anyone who has worked inside the healthcare system knows that admin work is a massive burden. Credentialing, licensing, compliance, and provider management consume enormous amounts of time and money. In fact, some estimates show that administrative costs make up 25-30% of total U.S. healthcare expenditures, translating to hundreds of billions wasted each year.

Medallion’s solution automates and centralizes this process. Its platform enables healthcare providers, payers, and digital health companies to manage all credentialing and compliance from a single dashboard, reducing delays and cutting costs. Instead of drowning in paperwork, organizations can onboard providers quickly and keep their teams compliant across all states and systems.

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The Fresh $43M Boost

With $43 million secured, Medallion plans to expand its product offerings and accelerate growth. Investors backing the round  -  from big names like Sequoia Capital and GV to healthcare-focused firms like Acrew Capital  -  highlight the confidence in Medallion’s potential to be a category-defining company.

This isn’t just about funding a product; it’s about reshaping the very backbone of healthcare operations. For a system notorious for inefficiency, the ripple effect of a platform like Medallion could be transformative, allowing more resources to flow toward innovation and patient outcomes.

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Insight That Founders Can’t Afford to Ignore

Here’s a hidden truth about scaling platforms in highly regulated industries like healthcare: your speed of execution depends less on product-market fit and more on regulatory alignment. Companies often burn months  -  sometimes years  -  battling compliance bottlenecks because they view them as side tasks rather than core strategy.

Startups that embed compliance expertise directly into product development (not as an afterthought) consistently scale faster and more sustainably. Medallion’s success so far illustrates this playbook: by making compliance infrastructure itself the product, they’ve positioned themselves as indispensable to both incumbents and innovators.

For founders, this isn’t just about healthcare. Any regulated industry  -  fintech, insurance, logistics  -  rewards those who don’t just “manage” compliance but weaponize it into a competitive advantage.

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Where Medallion Fits in the Bigger Picture

The U.S. healthcare market is staggering in size, with spending expected to hit $7.2 trillion by 2031 (CMS projections). While most funding and innovation headlines spotlight direct patient care (telemedicine, biotech, diagnostics), the infrastructure layer  -  where Medallion operates  -  often gets overlooked.

But here’s the kicker: without infrastructure innovation, patient-facing solutions stall. Telehealth companies, for example, can’t scale without credentialing across multiple states. Digital-first providers can’t launch unless compliance processes are seamless. Medallion fills this critical gap, ensuring the rest of the healthcare innovation ecosystem can actually function.

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Industry Outlook and the Road Ahead

The global healthcare IT market is projected to grow at a compound annual growth rate (CAGR) of 15.8% from 2023 to 2030 (Grand View Research). Within that, administrative automation platforms like Medallion stand to gain disproportionately because the inefficiencies they address are so entrenched and costly.

In the next 5–10 years, healthcare organizations will increasingly lean on infrastructure platforms that can cut down admin overhead while guaranteeing compliance. This is especially true as new regulations emerge and cross-border care delivery becomes more common.

Medallion is building more than just a product  -  it’s laying down the operational rails for modern healthcare. With this $43 million raise, the startup is positioned to capture significant market share in a space that has historically been starved for innovation.

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Final Thoughts

Medallion’s $43M raise isn’t just another funding announcement. It signals a deeper shift: infrastructure in healthcare is no longer optional, it’s foundational. As patient expectations evolve and healthcare delivery becomes more decentralized, the winners will be those who can reduce complexity, speed up onboarding, and remove the friction of compliance.

For Medallion, the road ahead is clear  -  turn administrative chaos into streamlined infrastructure and, in doing so, become one of the most crucial enablers of healthcare’s digital transformation.