Commercial Counsel, Cedar
$195.5-230k
+ Equity
Financial engagement & billing for healthcare providers
Posted today
Financial engagement & billing for healthcare providers
501-1000 employees
Posted today
$195.5-230k
+ Equity
501-1000 employees
Company mission
To make healthcare more affordable and accessible through its consumer-friendly platform.
Role
Who you are
- JD Degree from an accredited law school and license in good standing to practice law in at least one state bar
- 5+ years relevant experience working as a commercial counsel and/or top law firm (a combination of both is a plus), with a minimum of 3+ years focused experience in technology transactions and/or enterprise SaaS
- Previous experience with employment or IP matters is a plus
- Excellent commercial negotiation and drafting skills, including prior experience building and maintaining contract templates. Previous experience in healthcare and/or commercial contracting experience with payers and/or providers are pluses (but not required - we need great commercial legal skills, we can help you learn healthcare)
- You get excited about plain English legal drafting, the use of technology to improve legal services, and how to make contracting more straightforward and streamlined
- Keen business and legal judgment. You know when to say yes or no, but you also know when to escalate concerns
- Comfortable negotiating and working independently, but knowledgeable about when to seek input from others both in the legal department and other business teams
- You value commercial relationships, and have experience in managing and negotiating directly with other large organizations and their in-house legal departments
- Self-starter, who exhibits a “can do” attitude and excels at building solid, collaborative working relationships across multiple functions
What the job involves
- We are seeking a Commercial Counsel to join our Legal & Compliance Team to support Cedar’s commercial sales and vendor contract negotiations
- At Cedar, we offer customizable, enterprise solutions aimed at improving the healthcare experience for Americans
- We are looking for strong commercial counsel with excellent drafting and negotiation skills, who enjoys and excels at their craft and is a solid strategic partner to the business
- Support business teams in structuring, drafting and negotiating various complex sales and commercial agreements with a primary focus on Master Subscription Agreements, Services Agreements, Date Sharing Agreements, Statements of Work and Business Associate Agreements
- Partner with procurement and business teams in the reviewing and negotiating of vendor agreements to help achieve their business objectives while appropriately managing risk
- Provide advice and assistance to the commercial sales and strategic transactions team with respect to a broad range of legal and commercial matters, such as software licensing, artificial intelligence, and go-to market activities , on a flexible, as-needed basis
- Develop, refine and keep up to date standard templates for Cedar’s business, including standard commercial contracts (MSA, SOWs, Order Forms), NDAs, License Agreements, Consulting Agreements, etc
- Work with Legal Operations and other teams to improve and evolve our CLM tools and internal processes to leverage technology and derive business intelligence from commercial contracts
- Oversight and management of outside counsel with respect to real estate, IP, technology transactions and other specialized legal matters
- Employ a business-centric mindset to help identify creative solutions to new and novel situations
- Contribute as a team player to help further the status of the Legal & Compliance department as an effective, respected, and valued resource within the company
Our take
Over $1 billion is said to be lost annually by physicians as a result of inefficient and disjointed healthcare billing practices. The subsequently low patient satisfaction rates lead to poorer care, and real losses for providers who see patients switching away from their plans.
Cedar looks to remedy these issues with a selection of consumer-facing services which streamline billing, insurance and healthcare processes. Healthcare billing concerns a huge percentage of US adults, so optimizing patient satisfaction is of increasing concern - a great opportunity for the company.
After acquiring competing patient finance streamlining service OODA Health in 2021, Cedar netted substantial funds and launched its Payer Intelligence Layer. This allows it to integrate data from insurers and providers to create a single source of information. The company was also endorsed by the Montana Hospital Association's shared services division, to be listed as its only preferred patient financial engagement technology.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Dec 2022
$68.4m
SERIES D
Mar 2021
$200m
SERIES D
Total funding: $394.4m
Company benefits
- Flexibility to work from home or in the office, depending on what works best for you
- Health insurance
- Offices in Manhattan, San Francisco and Salt Lake City
- Free lunch, healthy snacks, cold brew and kombucha on tap (Yup!)
- Guided-meditation and game nights (Weekly!)
- Unlimited PTO for vacation, sick and mental health days–we encourage everyone to take at least 20 days of vacation per year
- 16 weeks paid parental leave with health benefits for all parents, plus flexible re-entry schedules for returning to work
- Diversity initiatives that encourage Cedarians to bring their whole selves to work, including three employee resource groups: be@cedar (for BIPOC-identifying Cedarians and their allies), Pridecones (for LGBTQIA+ Cedarians and their allies) and Cedar Women+ (for female-identifying Cedarians)
- Equity (for qualifying roles) and health benefits that start on your first day
- 401k plan with 3% employer non-election contribution
- Access to hands-on mentorship, employee and management coaching, and a stipend for learning and development resources to help you grow both professionally and personally
Company HQ
West Village, New York, NY
Leadership
Arel Lidow
(Co-Founder)Previously VP of product at AppNexus where they supervised the development and launch of the company’s flagship products. Began their career as a technology associate at Bridgewater Associates, working on trading systems for the world’s largest hedge fund.
Dr. Florian Otto
(Co-Founder & CEO)Previously an executive at Zocdoc where they drove the commercial adoption of the platform. Also founded a daily deal company in Brazil (ClubeUrbano) that was eventually acquired by Groupon. Began their business career as a strategy consultant at McKinsey & Company.
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