Florian Otto

Co-founder & CEO, Cedar · 1 appearance on the record.

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founderexecutive@flottobrasil ↗LinkedIn ↗cedar.com ↗

Florian Otto is the co-founder and CEO of Cedar, a healthcare financial engagement platform. A former physician holding an M.D., D.D.S., and Ph.D., he previously founded ClubeUrbano, served as CEO of Groupon Brazil, and worked as VP of Sales at Zocdoc.

7statements → 3claims → 2claims resolved → 3.86/5average certainty → 1.86/5average debate potential →

1 supported 1 partly supported 0 contradicted 1 not checkable as stated how the 3 claims stand · each chip opens the sources

3 assertions · 1 opinion · 1 insight · 2 disclosures · every statement was checked. The predictions and assertions are the 3 claims: statements the public record can support or contradict. 2 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Florian argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Otto: $1B health systems collect roughly $50M directly from patients

“So when you consider a health system, for example, of a billion dollars in net patient service revenue, they probably get around fifty million from patients directly.”

Florian Otto Jul 14, 2023 ▶ 6:28 Why 50% of Every Dollar Billed Is Lost In Healthcare

Expressed certainty vs assessment result

none yet certainty 1

none yet certainty 2

100% certainty 3

50% certainty 4

none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

What they said7 Episodes1

Everything Florian Otto said on the a16z Podcast that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Partly supported

Otto: 50% of invoiced healthcare dollars are uncollected

“Around 50% of every dollar that is being invoiced is being uncollected.”

Florian Otto Jul 14, 2023 ▶ 3:17 Why 50% of Every Dollar Billed Is Lost In Healthcare

Disclosure

Otto: Cedar infers patient job class and demographics for billing outreach

“And then we know, what is the insurance plan? That's also another data point. So that infers, is it a blue color, is it a white color plan? Then, of course, we know what is the demographics of that, of a certain invention, because we have date of birth, right?…”

Florian Otto Jul 14, 2023 ▶ 5:10 Why 50% of Every Dollar Billed Is Lost In Healthcare

Opinion

Florian Otto: Healthcare administration remains stuck in the 1980s

“When you see on the administrative side, I think it's still completely stuck kind of in the eighties, right? So you literally have the fax machine still there. You're still having checks being mailed right and left. And you still have something like prior auth…”

Florian Otto Jul 14, 2023 ▶ 2:39 Why 50% of Every Dollar Billed Is Lost In Healthcare

Insight

Otto: Poor Medical Billing Destroys Patient Trust in Healthcare Providers

“So overall, what was really interesting, she basically said, never take me back to that hospital because she lost trust in us. So if the billing is so messed up, she also lost trust in the medical side.”

Florian Otto Jul 14, 2023 ▶ 4:29 Why 50% of Every Dollar Billed Is Lost In Healthcare

Disclosure

Otto: Cedar uses multi-armed bandit algorithms to personalize billing follow-ups

“So we use these multi-armed bandits, they're called. And then based on how the patient clicks through the app, that gives us another set of data, which is engagement data. And together with this engagement data, then of course the follow-ups are different. I m…”

Florian Otto Jul 14, 2023 ▶ 5:43 Why 50% of Every Dollar Billed Is Lost In Healthcare

Assertion Supported

Otto: $1B health systems collect roughly $50M directly from patients

“So when you consider a health system, for example, of a billion dollars in net patient service revenue, they probably get around fifty million from patients directly.”

Florian Otto Jul 14, 2023 ▶ 6:28 Why 50% of Every Dollar Billed Is Lost In Healthcare

Assertion Not checkable as stated

Otto: Hospital operating margins typically hover between 1% and 3%

“And when you before Cedar only had a margin of maybe one or two or three percent, getting additional percent or percent and a half is of course very impactful.”

Florian Otto Jul 14, 2023 ▶ 6:51 Why 50% of Every Dollar Billed Is Lost In Healthcare

Appearances (1)

Episode	Date	Speaking time
Why 50% of Every Dollar Billed Is Lost In Healthcare	Jul 14, 2023	5m

Florian Otto

The record, in short

Their most notable supported claim

Expressed certainty vs assessment result

Appearances (1)

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