Patient Financial Management Platform Cedar Raises $36 Million Series B

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“In recent years, patient responsibility for healthcare payments has steadily increased. However, few existing revenue cycle solutions are fully targeted toward resolving patient payment challenges, driving increased friction between healthcare organizations and patients,” said Florian Otto, co-founder and CEO, Cedar. “We founded Cedar to transform the patient financial experience. Based on our rapid growth, it’s clear that a digital health platform that simplifies patient billing transactions, drives increased engagement and optimizes provider processes is sorely needed. We’re pleased with the strong show of support from our investors and partners, and look forward to further enhancing our platform for patients and providers.” Read More