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Sr. Product Manager (Cedar Pay)

Our healthcare system is the leading cause of personal bankruptcy in the U.S. Every year, over 50 million Americans suffer adverse financial consequences as a result of seeking care, from lower credit scores to garnished wages. The challenge is only getting worse, as high deductible health plans are the fastest growing plan design in the U.S.

Cedar’s mission is to leverage data science, smart product design and personalization to make healthcare more affordable and accessible. Today, healthcare providers still engage with its consumers in a “one-size-fits-all” approach; and Cedar is excited to leverage consumer best practices to deliver a superior experience.

The Role

Cedar is looking for a Senior Product Manager to drive the growth and evolution of our flagship product, Cedar Pay. Your work will directly impact millions of patients by simplifying healthcare payments, reducing stress, and enhancing financial clarity. At the same time, you'll help providers optimize their workflows, reduce costs, and improve collections.

This is a high-impact, high-visibility role with direct exposure to executive leadership, offering a unique opportunity to shape the future of healthcare payments. At a high-level, the role will involve:

  • Strategy: developing product strategy by researching market needs, sizing potential opportunities, and aligning with Cedar competencies
  • Discovery: driving product discovery with providers, patients, and our commercial team to identify problems worth solving and validating solutions
  • Development: working with your squad (design, engineering, and data science) to execute on the roadmap and launch high quality products
  • Collaboration: meeting with commercial + client teams to gain an understanding of the key problems to focus on + influence how we position, sell and deliver the product, especially with respect to differentiation 

Responsibilities

  • Work cross-functionally with nearly nearly every function (Commercial, Delivery, Makers, Legal)
  • Drive product strategy by generating market insights via client engagement + desk research
  • Investigate and scope which key problems your product area should solve
  • Develop + execute on roadmap with dev team (Eng, Design, Data) in-line with Cedar strategy
  • Define measurement strategies for team and launches, while teaming with Data to draw insights 
  • Define GTM for your product with Commercial to ensure flawless delivery + customer value
  • Develop + share thought leadership around your product + its market

Required Skills & Experience

  • 6+ years of product management experience in a rapid-growth startup environment
  • Comfortable solving big, ambiguous problems via experimentation and limited data
  • Track record of successfully delivering complex software products
  • Experience working directly with engineers and designers to ship customer-facing applications
  • Strong analytical and data driven approach
  • Strong communication + project management skills with internal / external leadership teams
  • Prior B2B2C product experience in an enterprise client-facing role

Bonus Qualifications

  • Technical background in product-related software engineering
  • Prior knowledge of the healthcare space (providers, insurance companies, tech companies…)

Compensation Range and Benefits

  • Salary/Hourly Rate Range*: $164,050 - $193,000
  • This role is equity eligible
  • This role offers a competitive benefits and wellness package

*Subject to location, experience, and education

What do we offer to the ideal candidate?

  • A chance to improve the U.S. healthcare system at a high-growth company! Our leading healthcare financial platform is scaling rapidly, helping millions of patients per year
  • Unless stated otherwise, most roles have flexibility to work from home or in the office, depending on what works best for you
  • For exempt employees: Unlimited PTO for vacation, sick and mental health days–we encourage everyone to take at least 20 days of vacation per year to ensure dedicated time to spend with loved ones, explore, rest and recharge
  • 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) 
  • Competitive pay, equity (for qualifying roles) and health benefits that start on the first of the month following your start date (or on your start date if your start date coincides with the first of the month)
  • Cedar matches 100% of your 401(k) contributions, up to 3% of your annual compensation
  • Access to hands-on mentorship, employee and management coaching, and a team discretionary budget for learning and development resources to help you grow both professionally and personally

About us

Cedar was co-founded by Florian Otto and Arel Lidow in 2016 after a negative medical billing experience inspired them to help improve our healthcare system. With a commitment to solving billing and patient experience issues, Cedar has become a leading healthcare technology company fueled by remarkable growth. "Over the past several years, we've raised more than $350 million in funding & have the active support of Thrive and Andreessen Horowitz (a16z).

 

As of November 2024, Cedar is engaging with 30 million patients annually and is on target to process $3.5 billion in patient payments annually. Cedar partners with more than 55 leading healthcare providers and payers including Highmark Inc., Allegheny Health Network, Novant Health, Allina Health and Providence.

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Average salary estimate

$178525 / YEARLY (est.)
min
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$164050K
$193000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Sr. Product Manager (Cedar Pay) , Cedar

Cedar is looking for a passionate Senior Product Manager to join our team and lead the charge for Cedar Pay, our flagship product, right from our bustling New York, NY office. If you're motivated by the challenge of improving healthcare payment experiences, you’ll love the impact your work will have on millions of patients. Our mission here is paramount—making healthcare more affordable and accessible through data science and thoughtful product design. As a Senior Product Manager, you will dive deep into market research, engage with providers and patients, and collaborate with a dynamic squad to launch innovative solutions that simplify healthcare payments. Your strategic mindset will guide product discovery, helping to identify valuable problems and optimize workflows for our clients. You'll get the amazing opportunity to work cross-functionally, across teams including Commercial, Delivery, and Engineering, and share your insights to drive impactful decisions. With your six-plus years of product management experience, you’ll adeptly tackle ambiguous challenges while fostering effective communication with leadership teams. This role is designed for someone who thrives in a fast-paced startup environment and is eager to shape the future of healthcare payments. Join us at Cedar and be part of a transformative journey supporting over 30 million patients a year while enjoying a flexible work environment, unlimited PTO, and much more!

Frequently Asked Questions (FAQs) for Sr. Product Manager (Cedar Pay) Role at Cedar
What are the primary responsibilities of a Senior Product Manager at Cedar Pay?

As a Senior Product Manager at Cedar Pay, you will develop product strategies, conduct market research, and drive product discovery with various stakeholders. Your role will involve collaborating closely with engineering, design, and data teams to execute on the product roadmap, ensuring that the solutions developed effectively address the needs of both patients and healthcare providers.

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What qualifications are required for the Senior Product Manager position at Cedar Pay?

To be considered for the Senior Product Manager role at Cedar Pay, candidates should have at least 6 years of product management experience within a high-growth startup. Essential skills include strong communication, analytical capabilities, and experience working on customer-facing applications. Familiarity with the healthcare sector is a bonus, as it allows for greater insight into the industry's challenges.

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How does Cedar Pay's Senior Product Manager drive innovation in healthcare payments?

Cedar Pay's Senior Product Manager drives innovation by leveraging market insights gathered through customer engagement and research. This role not only focuses on finding problems worth solving but also actively collaborates with cross-functional teams to implement high-quality products that simplify payment processes for patients, thereby enhancing their overall experience.

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What is the work environment like for a Senior Product Manager at Cedar Pay?

The work environment at Cedar Pay is dynamic, collaborative, and inclusive. With a strong emphasis on flexibility, the team can work either from home or the office, depending on personal preferences. The supportive culture promotes continuous learning, ensuring team members grow both professionally and personally while working towards a common mission.

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What benefits can a Senior Product Manager expect to receive at Cedar Pay?

A Senior Product Manager at Cedar Pay can expect to enjoy a comprehensive benefits package including competitive pay, equity options, unlimited PTO, and generous parental leave. Additionally, Cedar offers extensive wellness programs and professional development resources to ensure that employees can thrive in their roles.

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Common Interview Questions for Sr. Product Manager (Cedar Pay)
What inspired you to pursue a career in product management?

Share personal anecdotes that illustrate your passion for solving problems and creating user-centric products. Emphasize any experiences that drew you towards using technology to improve systems or services.

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How do you approach market research when developing product strategies?

Discuss your methods for gathering data, such as client interviews, surveys, and competitor analysis. Highlight the importance of both qualitative and quantitative insights in shaping product direction.

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Can you describe a successful product you managed from inception to launch?

Give a detailed account of a specific product journey, outlining your role, challenges faced, how you overcame them, and the metrics that demonstrated product success.

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How do you prioritize features when developing a product roadmap?

Explain your prioritization framework, such as using a scoring system based on strategic alignment, customer needs, and feasibility analysis, alongside stakeholder input to ensure everyone’s voice is heard.

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What strategies do you use to communicate product vision to stakeholders?

Focus on your ability to articulate a clear, compelling product vision through presentations, documentation, and regular updates, ensuring alignment and buy-in from cross-functional teams.

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How do you handle feedback from users or stakeholders on a product?

Emphasize the importance of being open to feedback, discussing your approach to gather, process, and implement feedback in a way that feels collaborative and encourages constructive dialogue.

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What challenges have you faced in your product management career, and how did you tackle them?

Share specific instances of major challenges, focusing on how you identified problems, rallied support, and developed action plans while showcasing resilience and adaptability.

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How do you measure the success of a product post-launch?

Discuss key performance indicators (KPIs) that you track, such as user engagement, conversion rates, revenue growth, and feedback scores, illustrating how you use data to inform ongoing improvements.

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Describe a time you collaborated with development and design teams on a project.

Provide a coherent narrative that highlights your communication strategies, collaborative techniques, and the outcomes, showcasing an understanding of different team roles.

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Why do you want to work as a Senior Product Manager at Cedar Pay?

Articulate your alignment with Cedar's mission to improve healthcare payments and your eagerness to contribute your skills to a company known for its innovative solutions in the healthcare industry.

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Cedar's mission is to empower us all to easily and affordably pursue the care we need

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DATE POSTED
March 19, 2025

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