Florian Otto

Why 50% of Every Dollar Billed Is Lost In Healthcare

Florian Otto

Cedar co-founder Florian Otto addresses the U.S. healthcare system's 50% uncollected revenue rate and administrative inefficiency by deploying machine learning algorithms to personalize patient billing strategies. This approach replaces fragmented, opaque legacy processes with targeted outreach that accounts for individual barriers like language and liquidity, potentially boosting a $1 billion health system's profit by $15 million. The initiative aims to restore patient trust and eliminate financial deterrents to care as part of a16z's broader exploration into healthcare and fintech intersections.