Company Overview
About Cedar
Cedar is a New York-based healthcare technology company founded in 2016 by Florian Otto and Arel Lidow. It operates an enterprise platform that modernizes the administrative and billing side of the patient experience — replacing confusing paper bills and phone-based billing departments with a digital-first patient portal that personalizes payment plans, offers price transparency, and drives higher collection rates for healthcare providers.
Business Model & Competitive Advantage
Cedar has raised $351M in total funding, with its $200M Series D led by Tiger Global Management at a $3.2B valuation. Investors include Andreessen Horowitz (a16z), Thrive Capital, and Concord Health Partners. The company made a significant strategic move by acquiring Ooda Health for $425M, giving Cedar capabilities in insurance payer workflows and enabling it to sit on both the provider and payer side of the billing equation — a rare positioning in health tech. As of early 2026, Cedar employs approximately 822 people.
Competitive Landscape 2025–2026
Cedar''s platform uses AI to personalize billing communications, predict payment likelihood, and optimize outreach timing. Its customers are large health systems and hospital networks that want to improve patient satisfaction scores (which correlate to reimbursement) while reducing bad debt. The combination of consumer-grade UX, AI-driven personalization, and deep integrations with major EHR systems (Epic, Cerner, Meditech) gives Cedar strong switching costs and enterprise stickiness.
Key Differentiators
Market Leader
Cedar is recognized as a market leader in the Healthcare sector, demonstrating strong industry presence and customer trust.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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