Cedar is a healthcare financial engagement platform for hospitals, health systems and medical groups that clarifies and simplifies the financial experience for patients, improving bill resolution and payment outcomes for providers.

Cedar provides a smarter way for hospitals, health systems and medical groups to manage the patient payment ecosystem.

Cedar was founded in 2016 by Florian Otto and Arel Lidow. The company is headquartered in New York, New York.

 

Cedar offers patient-personalized medical billing and is focused on eliminating pain points around confusing, difficult billing and administrative processes. Using intuitive design and advanced data science, Cedar facilitates patient-centric financial engagement across the care journey.

 

Cedar takes a patient-first approach to design to create an intuitive platform and straightforward billing. The company gives you full visibility into your revenue cycle, with actionable analytics about your performance.

 

Cedar is backed by Andreessen Horowitz, JPMorgan, Tiger Global, Kaiser Permanente, Kinnevik, Thrive Capital, Lakestar, Founders Fund and others. The company raised $200M in Series D round on Mar 09, 2021. This brings Cedar's total funding to $357M to date. The Series D round valued Cedar at $3.2B post-money.

 

 

  • Year founded: 2016
  • Funding Info: $357M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at $3.2B as of March 09, 2021
  • City/Town: New York
  • State: New York
  • Country: United States
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