Our Investment in Medallion
By Chad Byers, Co-founder & General Partner at Susa Ventures
By Chad Byers, Co-founder & General Partner at Susa Ventures
Susa Ventures is excited to announce our investment in Medallion, a software platform that removes friction from provider network management, allowing providers to spend less time on paperwork and more time with patients. Today they’re announcing their $20M Series A, led by Spark Capital. Susa has been partnered with Medallion since the seed round in early 2020, alongside our friends at BoxGroup. We’re thrilled to welcome Derek and the rest of the Medallion team to the Susa Family.
Susa believes digital health is still in its infancy. The power to deliver world-class care over the internet is here, and the benefits to the patient, the provider, and healthcare costs are clear. Never has this been more true, or the opportunity more clear, than during the COVID-19 pandemic. However things won’t go back to the way it was, in fact, it will continue to accelerate into the future.
As more digital health companies start to meet this demand, they’re often faced with administrative challenges that slow the pace of innovation — Medallion exists to help digital health companies accelerate innovation to serve more patients.
Medallion is building a better solution for healthcare providers and organizations that removes friction from healthcare administration, allowing providers to spend less time on paperwork and more time with patients. Starting with medical licensing and credentialing, Medallion’s provider network management platform enables our clients to license their providers in new states, verify and monitor credentials, and achieve in-network coverage with insurance payers in a seamless, simple, automated way. Our goal is to abstract away as much regulatory complexity as possible so that our customers can focus on providing care without being slowed down and resource-constrained.
In less than a year, Medallion has launched an enterprise-grade provider network management platform that powers credentialing, licensing, and compliance monitoring faster than any other solution. Furthermore, the team of 40 is already serving world-class healthcare providers, such as Ginger Health, Bicycle Health, and more.
We’re thrilled to partner with Medallion as they power the next wave of digital health companies.
Medallion is hiring across all departments, including credentialing, customer success, engineering, finance, licensing, product, recruiting, and sales. More on their open positions here.