Head of Compliance, Cedar
Director, Risk & Compliance
$212.5-250k
+ Equity
More information about location
AI-powered platform that helps patients afford and navigate healthcare payments
Be an early applicant
AI-powered platform that helps patients afford and navigate healthcare payments
201-500 employees
Be an early applicant
$212.5-250k
+ Equity
More information about location
201-500 employees
Company mission
To empower us all to easily and affordably pursue the care we need.
Role
Who you are
- At least 10 years of relevant compliance experience
- Bachelor's degree required; Certification in Healthcare Compliance (CHC) and Healthcare Privacy Compliance (CHPC), or similar certifications preferred
- An enthusiasm for building a great compliance function in a company that’s still growing and scaling
- Demonstrated success building and leading a healthcare or healthcare-adjacent compliance program. Previous experience in tech/start-up/emerging growth companies preferred
- In-depth knowledge of laws, regulations, standards and guidelines applicable to healthcare businesses, including privacy and data security (HIPAA, HITRUST, SOC2, PCI, NIST), medical billing and anti-kickback statutes
- A caring and motivational manager, capable of attracting, developing and advancing great talent and leading a distributed team, drawing on strengths to achieve common goals
- Substantial experience working collaboratively and effectively with cross-functional teams. We’re a small and mighty team where Compliance and Legal functions operate in a combined department and we’re often closely paired with teams such as Security, IT, Product, Finance and Servicing
- Experience selecting, implementing and optimising GRC tooling; experience with Vanta a plus
What the job involves
- Cedar is seeking an experienced healthcare compliance professional to lead our compliance function, including enhancing, scaling and maintaining our compliance programs
- This is an exciting opportunity to help shape the compliance function at a high-growth company
- The Director, Risk & Compliance will report to the General Counsel
- Preference for candidates in New York, NY
- Create and drive a long-term strategy and structure for Cedar’ Compliance function, including hiring, managing, and developing Cedar’s compliance team and establishing metrics and monitoring processes to demonstrate effectiveness of the Compliance function, which address the OIG’s 7 Elements of an Effective Compliance Program
- Lead and handle all stages of compliance audits, ensuring successful completion across all frameworks including HITRUST, SOC2, ISO and PCI audit engagement, data/artifact collection, exception remediation and monitoring
- Further develop, implement and mature the Company’s third-party risk management (TPRM) program, as well as oversee compliance regarding Cedar’s interactions and arrangements with healthcare providers, insurance companies and other significant business partners
- Manage Cedar’s compliance policies, guidance, SOPs and training, in accordance with growing and evolving business needs and applicable regulations
- Identify new and emerging risks within the business and respond with a risk posture calibrated to business needs, including enabling innovation and growth imperatives
- Partner with Legal to ensure comprehensive risk support, including assisting in incident investigation and response, and managing litigation, disputes and regulatory inquiries
- Lead the Company’s Corporate Compliance Committee, designing and delivering meaningful and effective presentations to senior management and the Board of Directors
- Establish effective working relationships and build credibility within Cedar to support a culture of ethics and compliance
- Collaborate with cross functional teams, such as legal, security, finance, engineering, product, IT and servicing, to build and strengthen operational compliance and address compliance program considerations
- Collaborate with your teammates; learn from them and teach them
- Work with outside counsel, consultants, and vendors and recommend such partnering if and when needed
- In partnership with our operations experts, select, implement and optimize GRC and other tooling needed to support the Company’s compliance program; manage the Compliance budget effectively
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
- Multiple health / dental / vision insurance options
- Office in Manhattan
- Free lunch, healthy snacks, cold brew and kombucha on tap (Yup!)
- 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
- Up to $10,000 in reimbursement through Carrot Fertility to support comprehensive, inclusive care for family-forming and reproductive health journeys
- Constant learning and development opportunities
- Resources for mental and physical wellbeing
Company HQ
Tribeca, 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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