Founded Year

2016

Stage

Series D - II | Alive

Total Raised

$350.81M

Valuation

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-18 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.

Headquarters Location

32 Avenue of the Americas 18th Floor

New York, New York, 10013,

United States

917-470-9310

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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.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Health Insurance & RCM Tech

The end-to-end revenue cycle management (RCM) platforms market offers solutions to help healthcare providers manage the entire patient billing process, from appointment scheduling to payment collection. These platforms use technology such as AI and robotic process automation to automate tasks and improve efficiency. The market also addresses challenges linked to prior authorization, which can caus…

Cedar named as Leader among 15 other companies, including Veradigm, Waystar, and R1 RCM.

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 4 CB Insights research briefs, most recently on Apr 25, 2024.

Expert 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.

U

Unicorns- Billion Dollar Startups

1,270 items

C

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

P

Payments

3,136 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.

D

Digital Health 50

450 items

The most promising digital health startups transforming the healthcare industry

F

Fintech

9,466 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

D

Digital Health

11,306 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Cedar Patents

Cedar has filed 9 patents.

The 3 most popular patent topics include:

  • aerodynamics
  • artillery ammunition
  • ballroom dance
patents chart

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

Cedar and Twilio Collaborate to Improve Patient B****** Experiences with AI-Powered Solutions

Mar 5, 2025

Share Twilio, the customer engagement platform that drives real-time, personalized experiences for leading brands, and Cedar, the leading patient financial experience platform for healthcare providers, today announced Twilio is powering Cedar’s patient communications across SMS and Voice, including via Twilio’s AI-powered ConversationRelay service, with the goals of improving the patient financial experience, driving operational efficiency and delivering cost reduction. “Cedar is doing the work to unlock a better financial experience, so patients and providers are less focused on b****** and more on patient outcomes” Navigating healthcare bills can be overwhelming, particularly for patients managing multiple providers or facing the burden of being uninsured. Simultaneously, healthcare providers are inundated with thousands of daily inquiries from patients seeking clarity on their financial obligations, driving up administrative costs. Cedar is addressing this systemic challenge by leveraging Twilio’s scalable communications technology, seamlessly integrating it into its platform to enhance accessibility, streamline patient interactions, and create a more intuitive financial experience—while also reducing operational expenses for providers. Cedar is leveraging Twilio’s flexible and innovative solutions to build an AI-powered patient financial experience, including: Streamlined Communication: Cedar utilizes Twilio’s SMS capabilities to enhance bill notifications and appointment reminders, ensuring patients receive timely and effective updates. Seamless Payment Experience: By integrating Twilio’s Voice API and Stripe Pay Connector, Cedar enables patients to make secure payments over the phone with interactive voice response (IVR), including support for Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA). With roughly half of FSA account holders forfeiting funds due to lack of awareness, this will help patients maximize available resources. Smart and Personalized Patient Support: Built on Twilio’s ConversationRelay service, Cedar later this year will be able to automate inbound patient b****** calls with AI-powered voice agents that provide quick answers, reduce wait times, and improve satisfaction. Related Posts Twilio’s ConversationRelay service, which enables developers to create robust natural voice AI agents by seamlessly integrating real-time streaming, speech recognition, and interruption handling, will support HIPAA-eligible use cases in the coming weeks for healthcare providers. “At Cedar, the patient experience is at the core of all the work we do. Our work with Twilio enables us to combine AI-powered technology and empathetic service design, transforming how providers engage with patients about their bills,” said Dugan Winkie, Head of Commercial Strategy at Cedar. “As patient out-of-pocket spending continues to rise, we’re entering a new era of healthcare b******—and we have a huge opportunity to utilize new technology, such as agentic AI, to improve experiences for patients and reduce cost for providers. By capturing context and streamlining interactions, AI will ensure human agents step in at the right moment—equipped with the full picture to deliver more meaningful, personalized care.” “Cedar is doing the work to unlock a better financial experience, so patients and providers are less focused on b****** and more on patient outcomes,” said Andy O’Dower, Vice President of Product Voice and Video at Twilio. “We’re just beginning to see the potential of how conversational AI agents can streamline b****** for patients while maintaining their trust. Beyond simple IVRs, AI backed by relevant, secure data can provide the patient with context and resources to create a seamless and empathetic experience. We look forward to continuing our work with Cedar to deliver more efficiencies and value to their customers.” Cedar and Twilio onsite at HIMSS Cedar Head of Commercial Strategy, Dugan Winkie, will join Twilio’s session at HIMSS, How to Build Intelligent Patient Engagement in 2025 on March 4 at 12:45 PM ET, alongside an executive from OhMD. They will discuss how healthcare organizations can leverage emerging technology, such as AI, to build more intelligent and connected interactions across the customer care journey. Visit Twilio at Booth #848 to learn more. [To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

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, Thrive Capital, Crew Capital, Andreessen Horowitz, Concord Health Partners and 18 more.

  • Who are Cedar's competitors?

    Competitors of Cedar include Finpay, RevSpring, PayGround, Collectly, Inbox Health 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 Logo
Inbox Health

Inbox Health 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 Logo
Finpay

Finpay focuses on patient financial management in the healthcare sector. The company provides solutions that include financial clearance policies, patient engagement technology, and an automated payments platform for healthcare providers managing patient out-of-pocket medical expenses. Its services inform patients about their financial obligations, offer various payment options, and address compliance. Finpay was formerly known as FinPay Merger Sub. It was founded in 2015 and is based in King Of Prussia, Pennsylvania.

PatientPay Logo
PatientPay

PatientPay provides patient payment solutions within the healthcare sector and focuses on revenue cycle management. The company offers services for patient billing and payment processes, complying with healthcare regulations and addressing the payment experience for patients. PatientPay serves hospitals, health systems, physician groups, and revenue cycle management organizations. It was founded in 2008 and is based in Durham, North Carolina.

Thoughtful AI Logo
Thoughtful AI

Thoughtful AI provides AI-powered revenue cycle management (RCM) automation for the healthcare sector. The company has AI agents that automate key RCM tasks such as eligibility verification, prior authorization, coding and notes review, claims management, denials management, and payment posting. These AI agents operate within existing RCM tech stacks. It was founded in 2020 and is based in Austin, Texas.

Walnut Logo
Walnut

Walnut specializes in streamlining healthcare billing operations through automated payment solutions within the healthcare industry. Its services include digital and point-of-sale payments, post-visit billing, patient support, advanced reporting, and ensuring enterprise security compliance. Walnut's offerings are designed to enhance patient satisfaction, increase revenue, and reduce administrative burdens for healthcare providers. It was founded in 2020 and is based in New York, New York.

Collectly Logo
Collectly

Collectly is a company that operates within the healthcare sector by focusing on billing operations and cash flow. The company provides a platform that integrates with EHR/PM systems to facilitate digital check-ins, in-person payments, and post-service billing. Collectly serves practices & medical groups, billing & revenue cycle management companies, health systems & hospitals, insurance companies, and EHR/PM software companies. It was founded in 2016 and is based in Pasadena, California.

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