Medallion, a leader in AI-powered provider network infrastructure, announced on August 18, 2025, a $43 million funding round led by Acrew Capital, with participation from Washington Harbour Partners, Sequoia Capital, GV, and others. This investment, bringing total funding to $130 million, accelerates Medallion’s AI platform and launches CredAlliance, a groundbreaking national credentialing clearinghouse designed to streamline provider onboarding and reduce administrative burdens in healthcare.
Medallion raises $43 million, totaling $130 million in funding.
Launches CredAlliance, the first national credentialing clearinghouse.
Reduces provider onboarding time from 8 days to under 2 hours.
Supports 1 million providers, 10% of the U.S. healthcare workforce.
Cuts healthcare system costs by eliminating redundant verifications.
Enhances AI platform for state- and payer-specific workflows.
Medallion’s AI-powered platform revolutionizes healthcare back-office operations by automating credentialing, enrollment, onboarding, and compliance. Serving approximately 1 million providers—10% of the U.S. healthcare workforce—the platform eliminates hundreds of thousands of hours in administrative tasks annually. The $43 million funding will expand these capabilities, enabling more efficient provider data management and patient-provider connectivity.
"In a system where inefficiency and clinician burnout are systemic, our mission is to eliminate the operational waste that stands in the way of care," said Derek Lo, CEO and Founder of Medallion. CredAlliance, launched with this funding, is the industry’s first shared credentialing infrastructure for payers. By verifying providers once and sharing results across networks, it eliminates redundant processes costing the healthcare system an estimated $1.2 billion annually, enabling faster onboarding and improved care access.
"Medallion is delivering what the healthcare industry has needed for years: a scalable, intelligent infrastructure layer that automates the administrative burden behind care delivery," said Vishal Lugani, General Partner and Co-founder of Acrew Capital. The funding will scale CredAlliance, enhance go-to-market efforts, and automate thousands of state- and payer-specific workflows. Medallion’s recent milestones include a 106% increase in enterprise ARR, onboarding providers 40x faster, and launching products like Privileging and CAQH Management.
Medallion’s platform has supported care access for an estimated 240 million patients nationwide. Its AI-driven tools, including phone agents and automated form mapping, streamline workflows, reducing intake time from 8 days to under 2 hours. As provider shortages and regulatory complexities grow, Medallion’s solutions strengthen the connectivity between providers, payers, and patients.
Medallion’s $43 million funding and the launch of CredAlliance mark a pivotal step in transforming healthcare infrastructure. By leveraging AI to eliminate inefficiencies, Medallion is enhancing provider onboarding, reducing costs, and improving patient care delivery across the U.S.
Medallion is the leading AI-powered infrastructure platform that automates provider network operations, including credentialing, enrollment, and monitoring, at scale. Our platform replaces manual administrative tasks with intelligent workflows, helping healthcare organizations onboard and manage providers faster, more accurately, and with fewer resources. By eliminating the burden of back-office complexity, Medallion enables teams to focus on what matters most: delivering care.
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