Cedar

Cedar

Healthcare platform for billing and administration

About

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 and offers personalized communication to engage patients effectively, which helps healthcare providers collect payments more efficiently. Unlike many competitors, Cedar emphasizes a tailored approach to patient interactions, ensuring that each message resonates with individual patients. The goal of Cedar is to help healthcare providers achieve their financial objectives while improving patient satisfaction and overall experience.

Company Stage

Series D

Employees

501-1,000

Industries

Enterprise Software, Healthcare

Total Funding

$383.6M

Headquarters

New York City, New York

Founded

2016


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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Cedar unique

  • 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.

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Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-6%

2 year growth

-5%

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

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