About Cedar
Cedar focuses on enhancing the administrative and billing processes in healthcare. Its main product is a user-friendly platform that streamlines the entire patient experience, from scheduling appointments to making payments. The platform simplifies bill resolution, engages patients with personalized messaging, and provides real-time insights into the revenue cycle. Unlike many competitors, Cedar emphasizes a tailored approach to patient communication, which helps healthcare providers improve their cash collections and patient satisfaction. The goal of Cedar is to help healthcare providers achieve their financial objectives while ensuring a smoother experience for patients.
New York City, New YorkHeadquarters
2016Year Founded
$383.6MTotal Funding
SERIES_DCompany Stage
Enterprise Software, HealthcareIndustries
501-1,000Employees
Benefits
Competitive pay & equity
Health benefits
Unlimited PTO
Flexible work style
16 weeks paid parental leave
401k matching
Free lunch & snacks
Game nights & company events
Risks
AI implementation in call centers may face resistance due to ethical concerns.
Increasing working capital costs may pressure Cedar's financial strategies.
High expectations from partnerships like LCMC Health may challenge Cedar's platform performance.
Differentiation
Cedar offers a consumer-friendly platform improving healthcare billing and administrative processes.
The platform uses advanced data science for personalized patient engagement and payment solutions.
Cedar's Affordability Navigator addresses medical debt and coverage gaps, enhancing patient access.
Upsides
Cedar's AI-driven tools enhance patient satisfaction and streamline administrative processes.
Partnerships like LCMC Health optimize patient financial experiences, boosting Cedar's market position.
Cedar's flexible payment methods align with the rising demand for digital healthcare solutions.
Funding
Total raised$383.64 M
Latest valuation$3.20 B
StageSERIES_D
SERIES D
11/30/2022$68
$3.20 BSERIES C
5/31/2020$77
$385.00 MDEBT
5/31/2020$25
SERIES B
5/31/2018$36
$180.00 MSERIES A
11/30/2017$13
$65.00 M