While human beings do have many different skills in the bag, none of them really match up with our ability in terms of pursuing constant progression. You see, when a person is able to grow under all possible situations, they end up giving themselves a fair shot at some notable milestones along the way. This is proven well by all what we have achieved so far, including a certain creation called technology. Technology stands a cut above every other human achievement for reasons that are much bigger than its ingenious construction. To give you some context, we must acknowledge how the stated reasons also revolve a lot around the creation’s reach, which was quick to stretch across our entire spectrum, creating a host of beneficiaries in the process. One such beneficiary was, of course, our very own healthcare sector. In fact, technology’s foray in here couldn’t have come at a better time, considering the way healthcare was struggling against an outright obsolete structure. Nevertheless, even after giving the sector another lease of life, the famous medtech concept will continue to deliver the right goods, and this pattern was wholly evident during a recent funding.
Medallion, a provider management platform that automates healthcare licensing, continuing education tracking, credentialing and compliance, has successfully secured over $35 million in Series C financing. Co-led by Spark Capital and GV, the round saw further participation coming from the likes of Salesforce Ventures, Sequoia Capital, Optum Ventures, BoxGroup, Elad Gil, and more. According to certain reports, Medallion will use the newly-raised cash to accelerate product development and pick up more strategic partnerships moving forward. Apart from it, the company is also expected to earmark a meaningful sum for facilitating an extensive customer acquisition drive. Since starting out in 2020, Medallion has been able to provide healthcare organizations with unrivaled convenience, and it has done so by eliminating any need for them to manually keep a manual track of their license application and renewal dates. The company’s solution even ensures that you don’t have to run those lengthy verification procedures, thus creating what would be fair to deem as a much more seamless administrative operation.
“Healthcare organizations are facing a rapid evolution to adopt technology to improve their internal operations. Medallion has made it their mission to provide solutions that help these organizations modernize and evolve to meet the growing consumer demands,” said Will Reed, General Partner, Growth at Spark Capital. “We couldn’t be more excited to continue to support their team in transforming healthcare operations to deliver better quality care to patients and providers.”
At the moment, Medallion is serving over 200 customers, and mind you, the stated clientele is not dominated by a particular segment. Instead, it has companies with 5-10 employees, as well as, big corporations that boast a workforce of 1,000 employees and beyond.
