patient-financial-experience
(2)
Cedar
Cedar is a New York-based healthcare financial technology company that helps hospitals, physician groups and payers modernize the way patients understand and pay their medical bills. Founded in 2016 by Florian Otto and Ariel Lidow, Cedar combines consumer-grade digital billing, personalized payment plans, coverage and benefits tools, and AI-powered support - including its Kora AI voice agent - into a single patient financial engagement platform. It works with more than 55 leading health systems and payers, has processed billions of dollars in patient payments, and reached a $3.2 billion valuation after a 2021 Series D.
Florian Otto
Florian Otto is the co-founder and CEO of Cedar, a New York healthcare financial technology company that reworks how patients understand and pay their medical bills. A former physician trained in Germany, Otto moved from medicine into consulting at McKinsey, built a daily-deals business in Brazil that became Groupon Brazil, and ran commercial sales at ZocDoc before starting Cedar in 2016. He built the company around a simple frustration - a confusing hospital bill his fiancee received - and a bigger question: why can't healthcare billing feel as clear as buying from Amazon or Expedia? Cedar has since raised roughly $400M+ and works with hospitals and health systems across the United States.