附近上门

secured more than $102 million in Series C funding led by , the company said Monday.

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New York-based Cedar, founded in 2016, is developing a health care financial engagement platform for hospitals, health systems and medical groups that clarifies and simplifies the financial experience for patients, improving bill resolution and payment outcomes for providers.

The deal includes $77 million in venture capital and $25 million from in venture debt, the company said in a written statement. This round brings Cedar鈥檚 to $157 million to date, the company said. Cedar last raised funds two years ago in a , according to 附近上门 data.

Other participants in the Series C round included , angel investors , linebacker coach for the , 鈥媋nd Dr. , CEO of . Existing investors , , and also participated.

reported on Monday that revealed 鈥�70 percent of patients said knowing costs before a procedure helps them anticipate charges and budget for payments, but only 25 percent are very satisfied with the payment methods offered by their provider.鈥� A , also by TransUnion, reported that uncompensated care to hospitals increased by $2.6 billion dollars in 2016.

The new round of funding will be used to expand the company鈥檚 reach and accelerate product innovation and expansion, the company said. Cedar also announced a partnership with North Carolina-based health care system , to provide personalized payment experiences for patients and pre-visit digital engagement.

鈥淭he COVID-19 pandemic has put a spotlight on many of the inefficiencies and archaic processes across our current health care system which has, in turn, driven an increase in the adoption of platforms like Cedar’s among health care providers,鈥� Florian Otto, CEO and co-founder of Cedar, said in a written statement. 鈥淭hrough this round of funding and our new partnership with Novant Health, Cedar鈥檚 patient engagement and payment technology platform will be able to offer an improved experience for more patients with simplified and personalized digital engagement strategies and payment support options.鈥�

In addition to the investment, Andreessen Horowitz鈥檚 managing partner, , will join Cedar鈥檚 board of directors.

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