Medallion, a US-based startup, has raised an impressive $43 million in its latest funding round, led by some of the most influential venture capital firms in the industry. The round was backed by Acrew Capital, Washington Harbour Partners LP, Sequoia Capital, GV (Google Ventures), Spark Capital, NFDG, and others. This substantial raise positions Medallion to further accelerate its mission of streamlining provider credentialing and compliance in healthcare - a space notorious for inefficiency and regulatory hurdles.

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The Problem Medallion is Solving

In healthcare, credentialing and compliance processes are often slow, complex, and prone to costly errors. Hospitals, insurers, and telehealth companies face significant administrative burdens just to get providers approved to work across multiple states. For clinicians, this bureaucracy means delays in seeing patients and lost revenue opportunities.

Medallion tackles this issue by automating and centralizing provider management. Its platform helps organizations handle onboarding, licensing, insurance enrollment, and ongoing compliance tracking - all in one streamlined system. By doing so, it reduces administrative overhead and ensures providers can serve patients faster and more efficiently.

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Why This Funding Round Matters

The $43 million raise is more than just a capital infusion - it’s a signal of market validation. With healthcare spending projected to hit $7.2 trillion globally by 2030, the need for efficient administrative solutions has never been greater. Traditional credentialing processes can take 90–120 days, costing health systems time and money, while also delaying care delivery.

Investors like Sequoia and GV don’t just bet on trends - they bet on category leaders. Their backing indicates confidence that Medallion is on track to dominate this niche within healthcare operations.

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Market Relevance and Growth Potential

The healthcare credentialing and compliance software market is gaining momentum as digital health adoption accelerates. In 2022 alone, telehealth usage increased by more than 38% compared to pre-pandemic levels, and with clinicians now serving patients across multiple states, the credentialing problem has only grown.

By providing a cloud-based, automated platform, Medallion fits directly into this wave of transformation. Its solution doesn’t just cut costs for providers - it unlocks revenue by ensuring they can start seeing patients sooner.

Here’s where the deeper founder insight lies: companies that solve regulatory choke points don’t just sell software - they become indispensable infrastructure. Once a hospital or telehealth provider embeds Medallion into its workflows, the switching cost skyrockets. Not because of price, but because compliance is mission-critical. Founders should take note - when your product handles a problem so tied to regulation and revenue flow, you’re not just offering a tool, you’re building a moat. That’s the kind of positioning investors chase, and the kind of lock-in that drives long-term enterprise value.

This round gives Medallion a stronger competitive edge against legacy credentialing providers, many of which still rely heavily on manual paperwork and outdated systems.

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The Vision of Derek Lo and the Medallion Team

Founded by Derek Lo, Medallion is driven by the mission of modernizing healthcare operations. Lo and his team recognized early that while much of digital health was innovating around patient-facing care, the “plumbing” of healthcare - the back-office compliance and credentialing processes - was left behind.

By bringing Silicon Valley–grade technology into this neglected space, Medallion has attracted high-caliber customers ranging from telehealth providers to major hospital systems. Their focus on reducing time-to-market for clinicians directly aligns with the industry’s urgent need for scalability and efficiency.

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Industry Outlook

The global healthcare IT market is expected to reach $974 billion by 2027, growing at a CAGR of 19.8%. Within this, healthcare administration software is projected to be one of the fastest-growing sub-sectors.

With major players like Sequoia Capital and GV entering the space through Medallion, it’s clear that credentialing and compliance automation is no longer just an operational improvement - it’s a strategic necessity for the future of healthcare delivery.

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What’s Next for Medallion

With $43 million in fresh capital, Medallion plans to:

• Expand its product suite to cover more aspects of provider lifecycle management.
  
• Invest in AI-driven compliance tools to predict and prevent administrative errors before they occur.
  
• Scale operations nationwide, enabling more hospitals and digital health companies to onboard providers quickly.
  
• Grow its team across engineering, compliance, and customer success to meet rising demand.
  

If executed well, Medallion could become the default infrastructure layer for provider management across the US healthcare system. Its trajectory suggests it may eventually expand into international markets, where credentialing inefficiencies are equally widespread.

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