Medallion logo

FirstLayerAI, Inc.

Healthcare

Medallion Stock

Medallion provides a comprehensive platform for healthcare organizations, streamlining provider credentialing, enrollment, and data management. Their solutions enhance efficiency by automating processes, ensuring compliance, and reducing administrative tasks. Medallion serves provider groups, health systems, and digital health companies, offering tools for provider data management, credentialing, licensure, and payer enrollment.

Founded: 2020

Medallion Website

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Medallion Company Overview

Medallion, founded to revolutionize healthcare operations, offers an all-in-one platform designed to streamline provider network management. The company addresses critical aspects of healthcare administration, such as provider credentialing, enrollment, and data management, by integrating advanced automation and compliance tools. Medallion's suite of products includes solutions for provider data management, credentialing, licensure, and payer enrollment, ensuring that healthcare organizations can efficiently manage their operations with reduced administrative burden. Medallion's key offerings include Medallion Core for unified provider data management, automated credentialing compliant with NCQA standards, and tools for swift license renewal and cross-state licensing. The platform also facilitates payer enrollment, helping healthcare providers reduce denials and accelerate revenue cycles. With automated roster management and ongoing monitoring, Medallion ensures that provider data remains accurate and up-to-date. The company serves a diverse clientele, including provider groups, health systems, and digital health companies, helping them achieve operational efficiency and compliance. Medallion's robust solutions are trusted by numerous healthcare organizations, saving significant administrative hours and enhancing data accuracy. By leveraging Medallion's platform, healthcare providers can focus more on patient care and less on administrative tasks, ultimately improving overall healthcare delivery.

Management Team

Derek Lo Founder and Chief Executive Officer
Eric Johnston Head of Finance & Partnerships

Funding Information

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Medallion Announces Medallion for Salesforce on Salesforce AppExchange, the World's Leading Enterprise Cloud Marketplace

Medallion announced the launch of ‘Medallion for Salesforce | Provider Data Management, Credentialing & Monitoring’ (Medallion for Salesforce) to automate and accelerate how providers are onboarded and credentialed at healthcare organizations of all sizes.

EY Announces Derek Lo of Medallion as an Entrepreneur Of The Year® 2023 Bay Area Award Finalist

Ernst & Young LLP (EY US) announced that Derek Lo CEO and founder of Medallion was named an Entrepreneur Of The Year® 2023 Bay Area Award finalist. Now in its 37th year, Entrepreneur Of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders of high-growth companies who are building a more equitable, sustainable and prosperous world for all.

Medallion raises $35 million in Series C funding fueled by significant revenue growth over past six months

Medallion announced $35 million in Series C funding, raising its total funding to $85M. This investment comes on the heels of exceptional growth in the six months following its Series B round, including nearly doubling its employee count to 150, growing its revenue by 2x, and diversifying its customer base by doubling the number of health plans, providers and health systems.