Recognition underscores Cedar’s growth and momentum as its platform engages with more than 400,000 patients per day
Cedar, an enterprise healthcare engagement platform that improves the end-to-end consumer financial journey, announced today that it has been selected as winner of the Patient Engagement Innovation Award in the 2022 MedTech Breakthrough awards program, which received nearly 4,000 submissions from around the world. Cedar has achieved recognition for the second consecutive year.
MedTech Breakthrough is an independent market intelligence organization that recognizes top companies, technologies and products in the global health and medical technology market. Nominations for these awards were evaluated by an independent panel of experts within the digital health and medical technology industries, with the winning products and companies selected based on a variety of criteria, including most innovative and technologically advanced products and services.
The financial experience is a crucial component of the overall patient experience. Cedar was founded to improve the financial experience, benefiting patients across their end-to-end healthcare journey. Last year, Cedar raised $200M in Series D funding and acquired OODA Health to build out the company’s future product roadmap, making Cedar the only solution that brings payers and providers together to help consumers seamlessly navigate the financial journey.
“A common myth about the healthcare billing problem is that affordability is the primary issue that patients face,” said Florian Otto, CEO and co-founder, Cedar. “Healthcare affordability in the U.S. is indeed a critical issue, but not the only factor at play. Our research found that 37% of consumers simply won’t pay a bill if they can’t decipher the administrative experience. This is representative of the clunky, disjointed experience that we are revolutionizing, so that all parties—patients, providers and payers—benefit. Being recognized by the MedTech Breakthrough awards program for two years in a row is a great accomplishment, further solidifying Cedar’s position to make healthcare more accessible, transparent and personalized.”
This latest recognition comes off the heels of Cedar’s inclusion on FierceHealthcare’s Fierce 15, New York City Health Business Leaders’ NYC Digital Health 100 and Becker’s Revenue Cycle Management Companies in Healthcare to Know. Following a year of tremendous growth, Cedar has increased its customer base by 83% in the past year and now engages with more than 400,000 patients per day.
To learn more about Cedar’s innovative healthcare engagement platform, visit www.cedar.com.
Cedar is committed to improving the healthcare billing experience for all. With an innovative platform that connects providers and payers, Cedar empowers healthcare consumers with a personalized journey—all powered by data science and interactive design. For Cedar clients, this leads to increased collections, more efficient operations and greater consumer loyalty. To learn more about why leading U.S. healthcare organizations trust Cedar to manage the end-to-end consumer experience from pre-registration to post-visit billing, visit www.cedar.com and join us on LinkedIn, Twitter, Facebook and YouTube.
PR & Communications Manager