Cedar

paymentshealthtechiot-preventive insurance/telematics

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 19/01/2021

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About

Cedar provides a smarter way for hospitals, health systems and medical groups to manage the patient payment ecosystem. Our platform delivers modern intelligence to alleviate collections challenges, dramatically improve billing operations and ensure a personalized billing experience for patients. Most revenue cycle solutions today look at only one or two transactional aspects of patient payments. We believe that the focus instead should be on improving the overall experience of patient billing and engagement.Together with the leading medical groups and hospitals across the country, we are elevating the patient payment experience. To learn more, visit www.cedar.com.

MEDICI Analysis

Cedar is a patient financial management platform developed for hospitals, health systems and independent medical groups. It utilizes advanced analytics and smart segmentation to guide patient interactions and alleviate collection challenges. It also helps health organizations to improve their billing operations by providing solutions like workflow tools, custom dashboards, etc.

Focus

PRODUCTS & SERVICES

Software/Whitelabel/APIs (Payments)

REVENUE MODEL

The company generates revenue through customised pricing

MAIN CLIENTS

Companies related to health industry

People

FOUNDERS

Florian Otto

Arel Lidow

Ken Howery

BOARD MEMBERS AND ADVISORS

Florian Otto

Arel Lidow

Ken Howery

Kareem Zaki

Joel Perlman

Jeffrey A. Sachs

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Andreessen Horowitz

Founders Fund

JP Morgan Chase

Kaiser Permanente

Kevin Systrom

Kinnevik

Lakestar

Martin Ventures

Nat Turner

Sound Ventures

SV Angel

Thrive Capital

Kinnevik AB

Jeffrey L. Vacirca

Jerod Mayo

KEY EMPLOYEES:

Florian Otto (CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$126 M

DATE OF LAST FUNDING

Jun 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use the funds to further invest in its platform as well as build out its existing team. (July 2018)

ESTIMETED REVENUE RANGE

Less than $1M

FUNDING SERIES

SERIES A  · $13 M  · Dec 2017

SERIES B  · $36 M  · Jun 2018

SERIES C  · $77 M  · Jun 2020

DEBT FUNDING

$25 M

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

18,502

AVERAGE VISITS (6 MONTHS)

15,012.92

MONTHLY VISITS GROWTH

28.15%

VISIT DURATION

555

VISIT DURATION GROWTH

621.36%

PAGE VIEWS VISIT

2.38

PAGE VIEWS VISIT GROWTH

14.53%

BOUNCE RATE

48.97%

BOUNCE RATE GROWTH

-12.26%

GLOBAL TRAFFIC RANK

969,982

MONTHLY RANK CHANGE

-613,661

MONTHLY RANK GROWTH

-38.75%

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