Cedar
Founded Year
2016Stage
Series D - II | AliveTotal Raised
$350.81MValuation
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+1 points in the past 30 days
About Cedar
Cedar focuses on reducing administrative friction in the healthcare system through its enterprise fintech platform. The company offers a platform that connects providers and payers, optimizing the patient experience from pre-service through payment without using overly technical language. Cedar primarily serves the healthcare industry, including providers and payers, by offering solutions that integrate with electronic health records (EHRs) and enhance the end-to-end digital patient experience. Cedar was formerly known as Careportal. It was founded in 2016 and is based in New York, New York.
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Cedar's Product Videos
ESPs containing Cedar
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The patient payments market enables healthcare providers to collect payments from patients. The vendors in this space offer online payment portals, mobile payment apps, and other tools that help patients access convenient and flexible payment options as well as better understand their bills and manage their expenses. These solutions also help organizations comply with regulations related to patien…
Cedar named as Leader among 15 other companies, including Veradigm, athenahealth, and Flywire.
Cedar's Products & Differentiators
Cedar Pay
Cedar Pay is a patient billing and payments solution.
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Research containing Cedar
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Cedar in 7 CB Insights research briefs, most recently on Apr 25, 2024.
Nov 10, 2023
The health insurance tech stack market map
Sep 22, 2023
The revenue cycle management market map
Feb 16, 2022
The 130+ AI startups reinventing healthcare
Jan 12, 2022 report
Why Healthcare Providers Are Prioritizing Digital Patient Payments
Dec 8, 2021 report
The Digital Health 150: The Top Digital Health Companies Of 2021Expert Collections containing Cedar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cedar is included in 8 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Conference Exhibitors
5,501 items
HLTH is a healthcare event bringing together startups and large companies from pharma, health insurance, business intelligence, and more to discuss the shifting landscape of healthcare
Payments
3,033 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Artificial Intelligence
14,767 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Digital Health 50
450 items
The most promising digital health startups transforming the healthcare industry
Fintech
9,294 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Cedar Patents
Cedar has filed 8 patents.
The 3 most popular patent topics include:
- automotive accessories
- automotive technologies
- civilian nuclear power accidents
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
11/23/2022 | 4/2/2024 | Grant |
Application Date | 11/23/2022 |
|---|---|
Grant Date | 4/2/2024 |
Title | |
Related Topics | |
Status | Grant |
Latest Cedar News
Sep 17, 2024
News provided by Share this article Share toX The Patient Financial Experience (PFX) Awards celebrate the unsung heroes who are committed to solving a crucial problem in healthcare: the fragmented payment experience NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Cedar , the leading financial experience platform, today announced the winners of its inaugural PFX Awards . As patients find it increasingly stressful to pay, navigate and understand their healthcare bills, the PFX Awards recognize those who go the extra mile to strengthen the digital healthcare ecosystem and improve the well-being of their patients. Cedar Celebrates PFX Award Winners Reshaping the Patient Financial Experience "Every team member within a healthcare organization plays a critical role in the patient journey and healing process," said Seth Cohen, President of Cedar. "But, those working behind the scenes often do not garner the recognition they deserve. The PFX Awards celebrate both individuals and teams across payer and provider organizations—from the call center, to the front desk, to the revenue cycle. We are proud to honor their efforts and dedication to enhance the patient financial experience." Winners of the PFX Awards were honored across four categories, highlighting their unique approaches to making healthcare more accessible and affordable. The Builders: Creators who are designing or building consumer-focused technology that empowers patients to resolve their bills. Amy Levine, Hartford HealthCare Jennifer Tryfon, Keck Medicine of USC The Connectors: Collaborators bringing teams, platforms and initiatives together, leading to better financial outcomes for providers and patients. Sheena Reddy, Providence Crystal Hart, AnMed Dawn Davis, Novant Health The Dream Team: A cohesive group that collaborates effectively and supports one another to drive the financial experience in healthcare forward. Chris Pushor and Joann Febus, ApolloMD This year's winners will be formally honored in an award ceremony in October. To learn more about the 2024 PFX Awards and read the profiles of the winners, please visit www.cedar.com/pfxawards-winners . About Cedar Cedar is the leading financial experience platform for healthcare providers who prioritize patients. Cedar delivers healthcare's top patient financial experience platform for modern revenue cycle teams. Starting with consumer-grade technology, we offer the only platform that integrates a patient's billing and benefits information in one simple payment experience. Our platform is a must-have for finance leaders to increase patient payments while boosting patient loyalty. To learn more, visit www.cedar.com and join us on LinkedIn , X and YouTube . For Cedar
Cedar Frequently Asked Questions (FAQ)
When was Cedar founded?
Cedar was founded in 2016.
Where is Cedar's headquarters?
Cedar's headquarters is located at 32 Avenue of the Americas, New York.
What is Cedar's latest funding round?
Cedar's latest funding round is Series D - II.
How much did Cedar raise?
Cedar raised a total of $350.81M.
Who are the investors of Cedar?
Investors of Cedar include Memorial Hermann Health System, Thrive Capital, Crew Capital, Andreessen Horowitz, Concord Health Partners and 17 more.
Who are Cedar's competitors?
Competitors of Cedar include RevSpring, PayGround, Collectly, Inbox Health, Paytient and 7 more.
What products does Cedar offer?
Cedar's products include Cedar Pay and 2 more.
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Compare Cedar to Competitors
Inbox Health is a company that specializes in patient billing solutions within the healthcare sector. The company offers a platform that automates patient billing processes, facilitates patient payments, and provides HIPAA-compliant communication tools for enhanced patient engagement. Inbox Health primarily serves the healthcare industry, including medical billing companies and healthcare practices. It was founded in 2014 and is based in New Haven, Connecticut.
Finpay specializes in patient financial management solutions within the healthcare sector. The company offers technology and services designed to manage patient financial responsibility, enhance patient engagement, and ensure compliance with consumer protection laws. Finpay primarily serves the healthcare industry, providing tools and platforms to healthcare providers for managing patient payments and financial risk. Finpay was formerly known as FinPay Merger Sub, Inc.. It was founded in 2015 and is based in King Of Prussia, Pennsylvania.
Hansei Solutions is a company that focuses on revenue cycle management in the healthcare sector. The company offers a range of services including medical billing, claim denial management, and accounts receivable management, all aimed at improving cash flow and compliance for healthcare facilities. Hansei Solutions primarily serves the behavioral healthcare industry, with a particular focus on addiction treatment and mental health facilities. It is based in Los Angeles, California.
Collectly provides healthcare financial solutions. The company offers a platform that streamlines patient billing operations, improves the patient's financial experience, and accelerates cash flow. Collectly primarily serves the healthcare industry, including practitioners and medical groups, billing and revenue cycle management (RCM) companies, health systems and hospitals, insurance companies, and electronic health record/precision medicine software companies. It was founded in 2016 and is based in Pasadena, California.
PayGround focuses on healthcare payments, operating within the healthcare and financial technology sectors. The company offers a web-based system and mobile app that allows users to manage, track, and pay medical bills from multiple providers in one place. It primarily serves the healthcare industry. PayGround was formerly known as Halo. Health. It was founded in 2018 and is based in Gilbert, Arizona.
Quadax specializes in healthcare revenue cycle management software solutions within the healthcare industry. The company offers a suite of services that streamline payment processes, manage claims, optimize reimbursements, and handle denials, all aimed at improving the financial performance of healthcare providers. These solutions are designed to support various healthcare sectors, including hospitals, laboratories, physician groups, and telehealth services. It was founded in 1973 and is based in Cleveland, Ohio.
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