Medallion Named a Winner in Modern Healthcare’s Best in Business Awards for Newcomer Startup Category
Award recognizes Medallion’s innovation in reducing administrative waste and improving operational efficiency in healthcare
San Francisco, CA (December 9, 2024) — Medallion, the leader in provider network management solutions, was recognized by Modern Healthcare as one of the Best in Business of 2024. The entire list of winners can be found in the Dec. 9 issue of MH magazine, and profiles of all the honorees are available online at ModernHealthcare.com/bestinbusiness.
This program celebrates those who drive innovation, efficiency and excellence across the healthcare industry. By acknowledging the leading innovators within the industry, we aim to highlight the pivotal role these organizations play in enhancing the overall healthcare ecosystem.
“We are honored to recognize the inaugural recipients of Modern Healthcare's Best in Business Award,” said Dan Peres, President of Modern Healthcare. “Their unwavering commitment to innovation, exceptional outcomes, and delivering real impact in the healthcare industry exemplifies the very essence of excellence. This achievement underscores their dedication to advancing healthcare solutions and setting new standards for quality and efficiency. Congratulations to these outstanding organizations for their remarkable contributions and well-deserved recognition.”
The U.S. healthcare system faces an estimated $1 trillion in annual waste, with administrative complexity as a key driver. Medallion’s platform addresses this challenge head-on, automating traditionally manual processes in credentialing, enrollment, and compliance workflows. By cutting credentialing times by up to 78%, Medallion empowers healthcare organizations to improve accuracy, accelerate provider onboarding, and reduce costs.
“This award reinforces the value we deliver to healthcare organizations by tackling one of the most pressing issues in the industry: administrative complexity,” said Derek Lo, CEO and Founder of Medallion. “Our commitment to reducing inefficiencies ensures providers can focus on what matters most—delivering care to patients.”
The Modern Healthcare Best in Business 2024 award follows several other achievements for Medallion. This year, Medallion has earned accolades such as being named one of Forbes’ “Next Billion Dollar Startups” and ranking No. 5 on LinkedIn’s 2024 Top Startups list.
To learn more about Medallion, visit the website. For more information and to see the complete list of companies on the Modern Healthcare Best in Business award, visit https://www.modernhealthcare.com/awards/best-business-2024.
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About Medallion
Medallion is the leading provider network management platform that unites provider operations and empowers end-to-end automation workflows for credentialing, enrollment, and monitoring. We free healthcare teams to focus on what matters by enabling healthcare organizations to quickly and accurately manage and grow their provider networks with our AI-powered automation technology. By automating burdensome administration workflows, we enable operations teams to better manage their provider networks, deliver superior care, speed up revenue paths, and elevate provider satisfaction levels.
Recognized as No. 3 on Inc. Magazine’s 2024 Fastest-Growing Private Companies in the Pacific Region, No. 5 on the LinkedIn 2024 Top Startups list and a Glassdoor Best Places to Work in 2024, Medallion is paving the future of provider network management. To learn more, visit Medallon.co or join the conversation on LinkedIn.
Media Contact:pr@medallion.co
About Modern Healthcare
Modern Healthcare is the most trusted business news and information brand in the healthcare industry. Modern Healthcare empowers healthcare leaders and influencers to make timely and informed business decisions. To learn more or subscribe, go to www.modernhealthcare.com/subscriptions.