Patient Payments Pick Up Speed Amid Pandemic

Cedar, a patient engagement and payments technology platform, has raised $102 million Series C, including $25 million of debt, to improve the patient experience and boost engagement.

Ceadar targets patients and is betting that by improving the experience by reducing complex terms, allowing flexible payments, and using AI to offer customer support, hospitals will see financial performance improve.

Other startups looking to boost patient engagement and affordability amid the pandemic are companies like Flywire, which added pre-service payment plans through its’ acquisition of Simplee, telehealth payment support, and COVID-19 relief payment options.