Cedar Launches with a Smarter Payment Solution for Providers and Patients
Summary
NEW YORK--(BUSINESS WIRE)--Cedar today announced its entry into the health technology market with a smarter way to manage the patient payment ecosystem. With patient payments now accounting for 35 percent of provider revenue (the third largest source behind only Medicare and Medicaid)1, it is clear that a better system is needed—which inspired Cedar’s founders, Florian Otto and Arel Lidow, to form the company. Through the Cedar platform, providers can consolidate billing information across multiple caregivers while delivering clear invoices detailing exactly what patients owe, with personalized click-to-pay options. The Cedar platform can be integrated with any electronic health record (EHR) or practice management system (PMS), and implemented in ten weeks or less. “Cedar truly understands what it means to bring a patient-first approach to healthcare technology, and will allow providers to improve on the often confusing and emotional process of patient payment.
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