RevCycleAI Brief
Published researchPatient financial experience platform unifying billing, payments, coverage and support for healthcare providers.
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Research highlightsCedar's moat is increasingly the interaction and payment dataset plus demonstrated collections ROI, not simply a better digital bill-pay interface.
Novant Health reported $30M+ net profit improvement in 12 months with Cedar Pay and 7x ROI
Cedar reported athenaOne practice partners averaging 3x ROI and 87% patient satisfaction
Raised $200M Series D at $3.2B valuation, bringing total disclosed funding above $350M
RevCycleAI Intelligence Scores
MethodologyMarket Matrix: Major Contender · Impact 64 · Capability 67
Funding & transaction history
5 trackedCedar agreed to acquire OODA Health to combine payer and provider data into a broader consumer financial experience platform.
Cedar raised $200 million at a $3.2 billion valuation, bringing total disclosed funding above $350 million.
Cedar announced more than $102 million of Series C financing, consisting of $77 million in venture capital and $25 million in JPMorgan venture debt, bringing total capital raised to $157 million.
Cedar raised $36 million in Series B funding led by Kinnevik to scale its patient financial management platform.
Cedar launched publicly with $13 million in Series A funding to build its patient financial management and payment platform.