Medallion

Provider credentialing and licensing platform for US healthcare — $130M+ raised, recently launched CredAlliance clearinghouse.

Services Health Tech / Provider Credentialing / Healthcare Operations
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San Francisco, CA, USA HQ
560 employees
2020 founded

What is Medallion?

Medallion is a San Francisco-based provider operations platform founded in 2020 by CEO Derek Lo (Forbes 30 Under 30, second-time founder). The company automates the slow, paper-bound back office that gets clinicians ready to see patients — state medical-license applications and renewals, payer credentialing and re-credentialing, monitoring (DEA, OIG/SAM, board sanctions, NPDB), and primary-source verification. The product replaces what was historically months of email + fax + portal logins with API-driven workflows and clinician-friendly portals. Customers span virtual-care companies, telehealth platforms, multi-state medical groups, and traditional health systems. In late 2024 the company launched **CredAlliance**, a credentialing clearinghouse that lets participating organizations skip the re-credentialing work for overlapping providers across their networks. Medallion has raised **$130M+ across 4 rounds** — including a $35M Series C in June 2022 (at $350M valuation) and a more recent $43M round. The team scaled to ~560 employees as of April 2026, with annualized revenue of $50.6M (Oct 2024).

Mission & values

Get every healthcare provider where they need to be — licensed, credentialed, and seeing patients — without the months of administrative drag.

Qualifications

Medallion hires across engineering (web, mobile, platform, data, ML, infrastructure), product, design, growth, customer success, operations (credentialing specialists, licensing analysts), sales, partnerships, finance, legal, compliance, and people. The company is **remote-first across the US** for most engineering, product, design, and GTM roles, with a San Francisco hub for occasional in-person collaboration. Credentialing-specialist roles are also US-remote but may benefit from prior provider-enrollment / payer-relations experience. Apply via medallion.co/careers.

Leadership

D

Derek Lo

Founder & CEO

Founded Medallion in 2020; Forbes 30 Under 30 (Healthcare); second-time founder previously building healthcare-data and consumer products.

Hiring process

  1. 1

    Apply via medallion.co/careers

    Browse open roles and submit your resume + brief note on why Medallion.

  2. 2

    Recruiter screen

    Initial conversation to confirm fit, location, comp expectations.

    About 3 days

  3. 3

    Hiring manager interview

    Role-specific deep-dive — past projects, technical depth, why-Medallion.

    About 5 days

  4. 4

    Craft / functional loop

    Multi-round interviews — coding + system design for eng, case study for product / GTM, scenarios for operations roles.

    About 7 days

  5. 5

    Final + offer

    Cross-functional values fit; offer + comp + equity discussion.

    About 5 days

Funding

StageSeries C+
Total raised$130,000,000
Investors
Spark Capital GV Sequoia Capital Optum Ventures

Awards & recognition

  • $350M valuation Series C · 2022

    Medallion

  • CredAlliance clearinghouse launch · 2024

    Medallion

  • $50.6M annualized revenue · 2024

    Medallion

  • Derek Lo — Forbes 30 Under 30 (Healthcare) · 2021

    Forbes

Company information

Frequently asked questions

Who founded Medallion?
Derek Lo, in 2020. CEO since founding. Forbes 30 Under 30 in Healthcare; second-time founder.
What does Medallion do?
Automates state medical licensing, payer credentialing/re-credentialing, monitoring (DEA, OIG/SAM, NPDB), and primary-source verification for US healthcare providers.
What is CredAlliance?
A credentialing clearinghouse Medallion launched in late 2024 — participating organizations skip re-credentialing work for providers who already passed credentialing at another member organization.
Is Medallion remote-friendly?
Yes — most engineering, product, design, GTM, and operations roles are US-remote, with periodic in-person weeks in San Francisco.
What is the funding stage?
$130M+ total raised across 4 rounds — $35M Series C in June 2022 at $350M valuation, plus a more recent $43M round.
How big is the team?
~560 employees as of April 2026; annualized revenue ~$50.6M (Oct 2024).
How can I apply?
Browse open roles and apply at medallion.co/careers.

Stay in the loop.

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