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.

-44 points in the past 30 days

About Cedar

Cedar operates within the healthcare sector. It offers a platform that integrates billing and insurance information to assist with the payment process for patients and healthcare providers. Its services aim to address the revenue cycle for healthcare providers by focusing on patient payments and loyalty through technology. Th ecompany was founded in 2016 and is based in New York City, New York.

Headquarters Location

32 Avenue of the Americas 18th Floor

New York, New York, 10013,

United States

917-470-9995

Loading...

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, athenahealth, and Veradigm.

Cedar's Products & Differentiators

    Cedar Pay

    Cedar Pay is a patient billing and payments solution.

Loading...

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

1,309 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

3,277 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

9,809 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

12,122 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

Medical billing firm Cedar launches Medicaid enrollment tool as cuts loom

Oct 21, 2025

The tool, which aims to help patients enroll in and maintain coverage, comes as healthcare braces for major cuts to the safety-net insurance program. Published Oct. 21, 2025 Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback . Dive Brief: Medical billing tech firm Cedar launched a tool Monday that aims to help patients enroll in and maintain Medicaid coverage as the healthcare sector braces for major cuts to the safety-net insurance program. The product, called Cedar Cover , identifies patients who may be eligible for Medicaid, reminds beneficiaries of upcoming eligibility checks, helps them manage care denials and connects them to medication co-pay assistance, the company announced at the HLTH 2025 conference in Las Vegas. The tool comes months after President Donald Trump signed a massive tax and policy law that includes historic cuts to Medicaid. “This bill is going to directly drive increases in uninsured patient care,” Seth Cohen, president of Cedar, said at HLTH. Dive Insight: One of the largest changes included in the law are work requirements, which mandate Medicaid beneficiaries log work, education or volunteer hours to stay enrolled in coverage. The requirements are controversial: While Republicans argue the policy preserves the safety-net program for the most needy, studies show previous experiments by states to enact work mandates removed people from coverage without increasing employment . Eligible people could also be removed because they struggle to navigate the reporting process, opponents say. An additional 10 million people will be uninsured in 2034 due to the law, according to the Congressional Budget Office. That poses new financial challenges for providers, who will likely lose revenue and see uncompensated care costs spike . “This is hugely devastating for providers who no longer have the [...] reimbursement, and, of course, for the patients who cannot cover these losses,” Cohen said. Cedar Cover aims to help patients through the Medicaid enrollment process and alert current beneficiaries of upcoming work requirement and eligibility check deadlines. Patients complete an eligibility screen to determine whether they could qualify for assistance, and the tool walks them through enrollment if they appear eligible, a spokesperson told Healthcare Dive. Once they’re enrolled in the safety-net program, Cedar uses the approval date to send reminders about work requirements and renewal dates using state-specific data from partner Fortuna Health, a Medicaid navigation platform. The product can also guide patients on how to resolve claims denials and pair them with medication assistance. In conjunction with Cedar’s payments platform, the financial assistance tool integrates with major electronic health records, like Epic, a spokesperson said. Nearly a dozen health systems use Cedar Cover, including Novant Health, Baystate Health and the Iowa Clinic, according to a press release. Recommended Reading

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 22 more.

  • Who are Cedar's competitors?

    Competitors of Cedar include Inbox Health, Paytient, Finpay, Enter Health, RevSpring and 7 more.

  • What products does Cedar offer?

    Cedar's products include Cedar Pay and 2 more.

Loading...

Compare Cedar to Competitors

Inbox Health Logo
Inbox Health

Inbox Health focuses on patient billing and healthcare revenue cycle management in the healthcare industry. The company provides services that automate billing processes and facilitate patient payments. Inbox Health serves healthcare organizations and billing companies. 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.

PayGround Logo
PayGround

PayGround is a company that provides a web-based platform and mobile app for managing, tracking, and paying medical bills from multiple providers using a single login. PayGround serves healthcare providers and patients in the medical billing sector. PayGround was formerly known as Halo.Health. It was founded in 2018 and is based in Gilbert, Arizona.

SphereCommerce Logo
SphereCommerce

SphereCommerce provides integrated payment solutions and cloud-based software for the healthcare sector and other industries. The company offers payment platforms, patient engagement software, and check-in solutions aimed at improving healthcare collection processes and the patient experience. SphereCommerce serves the healthcare industry, focusing on revenue cycle management and payment security. It was founded in 2017 and is based in Nashville, Tennessee.

WebPT Logo
WebPT

WebPT is a provider of Practice Experience Management (PXM) platforms for the rehab therapy sector. The company offers services including electronic medical records (EMR), billing and payments processing, and revenue cycle management. WebPT serves the rehab therapy industry with solutions for physical therapy, occupational therapy, and speech-language pathology practices. It was founded in 2008 and is based in Phoenix, Arizona.

NextGen Healthcare Logo
NextGen Healthcare

NextGen Healthcare focuses on healthcare technology and data solutions, specifically in electronic health records (EHR), practice management, and revenue cycle management within the healthcare sector. The company provides products aimed at improving clinical quality, productivity, and financial performance for ambulatory practices. NextGen Healthcare's offerings include documentation tools, patient and provider experience tools, and analytics to support value-based care and interoperability. NextGen Healthcare was formerly known as NXGN Management. It was founded in 1974 and is based in Irvine, California.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.