Cedar Raises $77M to Bring Transparency and Convenience to Medical Billing
In 2016, Cedar CEO and Founder Florian Otto had a terrible billing experience when his then-fiancé, now wife, fainted and had to go to the emergency room. The couple found themselves dealing with a billing nightmare in the months that followed including indecipherable stacks of paper bills, statements sent to the wrong address, and even a call from a debt collector. This led Florian to found Cedar, the patient payment engagement platform to simplify medical bills and the experience for both providers and patients. He shares some insights with us on the state of medical billing, the efficacy of the platform, and the company's recent funding round from investors that include Andreessen Horowitz, Thrive Capital, and Founders Fund.
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