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.

-21 points in the past 30 days

About Cedar

Cedar is a healthcare technology company that provides a platform integrating billing, insurance coverage, and financial assistance to facilitate the patient payment process. Cedar serves healthcare providers aiming to optimize their revenue cycle and manage patient financial interactions. 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 Waystar, Veradigm, and athenahealth.

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

1,276 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

3,198 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

9,653 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

11,408 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:

  • ammunition
  • computer memory
  • firearm actions
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/23/2022

4/2/2024

Firearm actions, Muzzleloaders, Ammunition, Firearm terminology, Early firearms

Grant

Application Date

11/23/2022

Grant Date

4/2/2024

Title

Related Topics

Firearm actions, Muzzleloaders, Ammunition, Firearm terminology, Early firearms

Status

Grant

Latest Cedar News

Black Book Announces 2025 Top-Rated Vendors in 10 Critical Complex AR Segments Amid Rising High-Dollar Recovery Challenges

Jun 26, 2025

Search jobs 26-Jun-2025 Black Book Announces 2025 Top-Rated Vendors in 10 Critical Complex AR Segments Amid Rising High-Dollar Recovery Challenges EnableComp, XTend Healthcare, Cedar, Knowtion Health, and others recognized as top performers in ten distinct AR categories, as health systems and providers acknowledge that complex AR recovery is not a one-size-fits-all challenge DENVER, CO / ACCESS Newswire / June 26, 2025 / Hospitals and health systems are facing unprecedented strain from unresolved, complex accounts receivable (AR), particularly in segments involving legal, regulatory, or high-dollar clinical factors. According to Black Book Research's 2025 survey of 902 U.S. provider revenue cycle executives, over 42% of aging AR is now tied to complex claims that require advanced capabilities far beyond standard billing office functions. "Provider organizations can no longer afford to let complex claims stall in their aging buckets," said Doug Brown, Founder of Black Book Research. "Specialized AR segments demand precise recovery models, policy fluency, and advanced denial intelligence - whether the issue is payer resistance, clinical ambiguity, or legal complexity." Ten High-Impact Complex AR Categories in 2025 Workers' Compensation & Third-Party Liability These claims demand extensive legal coordination, state-specific rules adherence, and long-cycle tracking due to employer and insurer documentation requirements. Top Rated Vendor: EnableComp Veterans Affairs (VA) & TRICARE Providers continue to report operational frustration with federal healthcare programs, including delayed authorizations, inconsistent reimbursement standards, and time-intensive appeals. Top Rated Vendor: EnableComp Motor Vehicle Accident (MVA) and Personal Injury These claims frequently intersect with ongoing litigation, unclear payer responsibility, and documentation demands that require payer and legal team coordination. Top Rated Vendor: EnableComp Clinical Denials & Medical Necessity Appeals Claims denied for inpatient status, medical necessity, or DRG assignment have the highest financial exposure. These require clinically credentialed teams and deep payer-specific appeal tactics. Top Rated Vendor: Knowtion Health Legacy AR and Runoff Accounts Aging AR tied to facility acquisitions, EHR transitions, or defunct cost centers often stagnate unless recovered by firms with reconciliation and platform-agnostic retrieval skills. Top Rated Vendor: XTend Healthcare High-Balance Self-Pay and Underinsured The rise of high-deductible health plans has pushed significant payment responsibility onto patients. Recovery depends on empathetic, data-driven financial engagement tools. Top Rated Vendor: Cedar Medicaid and Indigent Care Retroactive eligibility, manual processing, and fragmented state regulations continue to challenge providers attempting to collect from public and indigent payer programs. Top Rated Vendor: XTend Healthcare International and Cross-Border Claims Payers outside the U.S., including embassies and foreign insurers, add complexity through documentation differences, language barriers, and verification delays. Top Rated Vendor: Nymbl Systems Out-of-Network and No Authorization Claims These denied claims often require extensive appeal documentation and are prone to long legal or negotiation cycles before partial payments are issued. Top Rated Vendor: Intersect Healthcare Social Determinants and Care Setting Ambiguity New denial types are emerging around SDoH factors such as housing instability and unclear categorization of care environments (e.g., emergency vs. urgent care). Top Rated Vendor: Socially Determined Black Book's 18 Universal KPIs for Complex AR Evaluation Black Book's qualitative KPIs for evaluating complex AR vendors include specialized claim expertise, regulatory knowledge, recovery effectiveness, client responsiveness, and transparent reporting. Key factors also involve accurate payer identification, workflow flexibility, staff credentials, and quality appeal documentation. Additionally, proactive denial management, consistent recoveries, empathetic patient engagement, timely recovery actions, client-specific adaptability, ethical standards, negotiation effectiveness, and strong client retention rates are critical components. "These indicators provide the foundation for selecting and retaining the right vendors to manage the revenue that too often gets written off," Brown added. About Black Book Research Black Book™ is the healthcare industry's leading independent source for polling, surveys, and performance benchmarking of technology, consulting, and outsourced services. Since 2011, Black Book has surveyed more than 3.3 million healthcare users and executives across 800+ sectors, publishing transparent and vendor-neutral rankings. No vendor or consultant pays for placement. Gratis industry reports are available for download at www.blackbookmarketresearch.com . Licensing information on competitive vendor report scorecards may be requested through contacting research@blackbookmarketresearch.com . Contact Information

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

  • Who are Cedar's competitors?

    Competitors of Cedar include Paytient, Finpay, RevSpring, PayGround, Collectly 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.

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.

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.

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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