What You Should Know:
- Northwell Health, the largest health system in New York State, and Cedar, a market-leading healthcare financial technology platform, today announced a collaborative relationship to improve the financial experience for 2 million patients across Northwell’s 23 hospitals and various facilities.
- Northwell will leverage Cedar Pay, Cedar’s post-visit patient engagement and payment platform, delivers a more streamlined patient
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Cedar
Tegria, Cedar Partner to Humanize the Patient Financial Experience
What You Should Know:
- Tegria, a Seattle-based healthcare technology, and services company, and Cedar, a New York City-based healthcare financial technology platform, announced the formation of a strategic partnership. The partnership will bring Cedar's consumer-facing financial engagement platform to Tegria customers and deliver Tegria's robust revenue cycle management expertise to Cedar's extensive client base, enabling a seamless, intuitive, and dependable financial experience for both
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Cedar Appoints Krishna Rao as Chief Financial Officer
What You Should Know:
- Cedar, a New York City-based innovative healthcare financial technology platform, announced it has named Krishna Rao as Cedar's first Chief Financial Officer (CFO).
- Rao brings over 15 years of experience growing businesses, most recently serving as Global Head of Corporate and Business Development for Airbnb. In this role, he led and supported financings totaling over $10 billion in equity and debt capital, including the company's initial public offering last
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Cedar Acquires OODA Health for $425M to Power Healthcare Financial Tech Platform
What You Should Know:
- Cedar, a healthcare financial technology platform, today announced it has entered into a definitive agreement to acquire OODA Health, a healthcare technology company focused on improving the healthcare administrative experience with payers and providers, for $425M.
- By bringing together providers and payers onto one healthcare financial technology platform, Cedar will be the only complete solution to address the full set of challenges consumers face when paying for
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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M&A: Cedar Gate Acquires Deerwalk to Enhance Value-Based Care Analytics
What You Should Know:
- Cedar Gate acquires Deerwalk, an innovative population
health management, data management, and healthcare analytics software company
based in Lexington, Massachusetts.
- By acquiring Deerwalk, Cedar Gate expands its
employer-based offerings with the ability to actively engage employers and ASOs
as they manage rising healthcare costs. The combined suite of offerings
improves the patient experience and delivers financial sustainability.
Cedar Gate Technologies
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Cedar Joins Epic App Orchard to Enable Patient-First Billing Experience in MyChart
What You Should Know:
- Patient financial engagement platform Cedar announced the
availability of its patient billing solution, Cedar Pay in the Epic App Orchard
marketplace.
- Cedar engages patients through a frictionless billing
experience that is embedded in MyChart using single sign-on. By tailoring
in-app messaging and balance resolution workflows.
Cedar, a leading
patient financial engagement platform, today announced that Cedar Pay, its
flagship patient billing solution, is
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ApolloMD Partners with Cedar to Implement Optimized Online Patient Billing Experience
What You Should Know:
- ApolloMD, a multispecialty clinical services provider for hospitals and health systems partners with patient engagement and financial technology platform Cedar to enabled an improved online billing experience for patients.
- With Cedar, ApolloMD can now provide a digital billing
experience built for patients, leading to better engagement.
ApolloMD, a
multispecialty clinical services provider for hospitals and health systems, and
Cedar, a leading
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2020 Fortune/IBM Watson Health 100 Top Hospitals List
What You Should
Know:
- Fortune and
IBM Watson Health named the 100 Top Hospitals that are setting new standards
for using technology to improve operational efficiency, quality care and
safety.
- The rapid shift to virtual care amid COVID-19 put a bigger spotlight on the barriers impeding digital transformation, but this year’s top hospitals are leading the way for practical approaches to using telehealth and predictive modeling as well as data as a foundational measure to align
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Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience
It’s no secret that COVID-19 and the
corresponding near-immediate economic catastrophe will be felt for
significantly longer than the few short months it took to wreak its initial
havoc. While losses hit businesses from “a to z” (...except maybe Amazon, ironically),
hospitals and health systems tasked with treating the victims of this pandemic
bear a particularly harsh dose of the financial fallout -- $72 billion in CARES
Act hospital grants barely serving as a band-aid to the financial
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