Medallion

Unified platform for healthcare credentialing and enrollment

San Francisco, California, United States

About Medallion

Medallion provides a platform that helps healthcare organizations manage provider credentialing, enrollment, and monitoring. The platform allows clients to streamline their administrative tasks, significantly cutting down the time needed for these processes. For instance, it claims to reduce task times by 71% and verification times by 50%, which has led to over 500,000 hours of administrative work saved and more than 94,000 credentials and enrollments completed. Medallion operates on a subscription-based model, where healthcare organizations pay to access the service. This platform not only simplifies operations but also helps organizations convert more applications into revenue opportunities, ultimately aiming to enhance client retention by being user-friendly.

San Francisco, CaliforniaHeadquarters
2019Year Founded
$82.7MTotal Funding
SERIES_CCompany Stage
Enterprise Software, HealthcareIndustries
201-500Employees

Risks

Over-reliance on Salesforce integration could pose risks if Salesforce changes its platform.
Rapid implementation of one-day credentialing may lead to unforeseen errors or oversights.
Slow adoption of new technologies in healthcare could hinder Medallion's growth.

Differentiation

Medallion offers a one-day credentialing solution, expediting the credentialing process significantly.
The platform integrates with Salesforce, automating credentialing and primary source verifications.
Medallion's SaaS model provides a unified platform for credentialing, enrollment, and monitoring.

Upsides

Medallion's platform reduces task time by 71% and verification times by 50%.
The company has saved over 500,000 hours of administrative work for healthcare organizations.
Medallion's solutions increase revenue opportunities by converting more applications into revenue.