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COVID-19 testing startup Curative to lay off 109 employees while pivoting focus
By  Jessica Hagen 09:12 am September 22, 2022
Calif.-based startup Curative offers COVID-19 testing and vaccination services throughout the U.S., but as testing needs have lessened, the company is shifting its focus to launching a new health plan. Due to the course change, the company is laying off 109 employees in early November.  The company filed a Worker Adjustment and Retraining Notification Act notice with the state of California. WARN...
Cedar cofounders Arel Lidow and Florian Otto
Payment company Cedar lays off 24% of workforce
By  Emily Olsen 11:54 am July 8, 2022
Cedar laid off 24% of its workforce this week, making the billing and payment startup the latest digital health company to make cuts, according to reporting by Insider.  In a post on LinkedIn, CEO and cofounder Florian Otto said affected workers were notified Wednesday, and the layoffs would help the startup "forge ahead sustainably on our mission." "We made the difficult decision to reduce our...
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Zocdoc, Cedar and Eko each welcome new CFOs and more digital health hires
By  Mallory Hackett 02:29 pm August 3, 2021
Edward Liu, a former head at Morgan Stanley, has joined medical-booking platform Zocdoc as its new chief financial officer. Most recently, Liu served as Head of Americas Banking Technology at Morgan Stanley, where he advised CEOs, CFOs and boards on their strategic and financing decisions. He also previously spent time at McKinsey & Company and at Patricof & Co. Ventures. In his new role...
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Patient financial engagement platform Cedar snaps up medical billing company OODA
By  Mallory Hackett 11:32 am May 14, 2021
Patient financial engagement company Cedar is beefing up its platform by purchasing OODA Health, a healthcare administrative platform for payers and providers, for $425 million. The combined company will bring together Cedar’s patient-facing platform that creates a personalized billing experience for each user with OODA’s platform that seeks to cut back on administrative waste by enabling back-...
Cedar closes $200M for engaging patient payments, Paige updates its 9-figure Series C and more digital health fundings
By  MobiHealthNews 03:01 pm March 9, 2021
Cedar, the maker of an intelligent patient billing and engagement platform, announced today a $200 million Series D round of funding headed by Tiger Global Management, with participation from prior backers including Andreessen Horowitz (a16z), Thrive Capital and Concord Health Partners. This brings the company's total fundraising haul to $350 million, it said, and its valuation to $3.2 billion....
Patient financial engagement platform Cedar grabs $102M in Series C funds
By  Laura Lovett 02:55 pm June 23, 2020
Yesterday morning Cedar, maker of an intelligent patient billing platform, announced a whopping $102 million Series C funding round led by Andreessen Horowitz.  The company has a record of major funding rounds – starting with a $13 million Series A round back in 2017, shortly followed by a Series B round worth $42 million in 2018.  WHAT THEY DO  The company focuses on helping to guide patients...
Patients' transformation into consumers upends the payer model
By  Laura Lovett 04:18 pm October 11, 2018
As consumers become more involved in their healthcare, payers and providers alike are being forced to think about the industry differently. But this could give new insurers the opportunity to start looking at the consumer space, Bob Sheehy, CEO of Bright Health, said at Digital Health Innovation Summit in Boston today.  “The thing about healthcare is often times we’ve forgotten about the consumer...
Cedar's intelligent patient billing platform draws $13M in Series A round
By  Dave Muoio 03:53 pm December 7, 2017
New York City-based Cedar, a startup offering patient-personalized medical billing, has raised $13 million in Series A funding. Participants in the round include Founders Fund, Thrive Captial, Martin Ventures and SV Angel. Cedar promises a smart billing system that incorporates data points collected across the overall patient payment process. Its platform uses these to inform the method of...

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