Medallion has raised a $20M Series A with Spark Capital and Optum Ventures. Other participating investors in the round include BoxGroup, Susa Ventures, Tom Lee, Joe Montana, Elad Gil, Zach Sims, Daniel Gross, Peter Reinhardt, Nat Friedman, Vivek Ramaswamy; and the founders of Ro, PillPack, Carbon Health, Nurx.

Medallion is looking to take the administrative burden out of healthcare. The firm's all-in-one licensing, credentialing, and payer enrollment platform gets rid of the logistical headaches.