The new survey of 337 healthcare organizations reveals insights on how manual, slow, and error-prone processes lead to revenue leakageSAN FRANCISCO, March 20, 2024 /PRNewswire/ -- Medallion , the leader in end-to-end credentialing and provider network management solutions, today released the 2024 State of Payer Enrollment and Credentialing Report. Medallion surveyed 337 provider-based healthcare organizations across the U.S. to explore and quantify their payer enrollment and credentialing workflows and the impact staffing challenges, budget restraints, and turnover have on these workflows.As healthcare organizations face extreme pressure to get providers in network with insurance payers and see patients faster, the report offers a detailed view into the most painful and time-intensive payer enrollment and credentialing processes."Our mission at Medallion is to free healthcare teams to focus on what matters," said Derek Lo, CEO and founder of Medallion. "This report dives into how much time is spent on administrative tasks rather than patient care. It also highlights the collective optimism and support our industry has for technology solutions that help speed up these processes and eliminate wasteful tasks. We hope the findings within our '2024 State of Payer Enrollment and Credentialing Report' help healthcare organizations see the impact they can have on efficiency and ultimately patient outcomes by implementing more effective solutions for back office administration."Below are five key findings for the 2024 State of Payer Enrollment and Credentialing Report :52% of respondents reported entirely manual credentialing workflowsCredentialing is a mission-critical function that ensures providers are who they say they are and have no sanctions against them

Accurate, One-Day Credentialing Expedites the Credentialing Process without Sacrificing QualitySAN FRANCISCO, Feb. 22, 2024 /PRNewswire/ -- Medallion, the leader in end-to-end credentialing and provider network management solutions, announced its one-day credentialing solution for healthcare organizations that accurately and quickly transforms the credentialing process."Medallion's one-day credentialing solution is transforming the healthcare industry as we know it," said Caitie Barrett, Senior Director of Credentialing at Medallion. "Our customers used to spend more than four hours per provider to run manual primary source verifications. Now, Medallion can complete those PSVs instantly and at a nearly 100% accuracy rate. Credentialing is a critical part of patient safety. We've seen far too many times organizations attempt to be the fastest and, as a result, sacrifice accuracy

Following a multimillion-dollar seed raise - and notwithstanding data showing a falloff in Web3 funding - artist-to-fan community platform Medallion has announced a $13.7 million Series A.