PayZen

PayZen Overview

PayZen is a startup at the intersection of FinTech, payments, and HealthTech. The company has developed a platform designed to tackle the healthcare industrys massive cash flow problem by shifting payment responsibility for health services to patients. PayZens platform enables hospitals to get paid for treatment upfront. Patients enrolling in the PayZen program are offered zero-interest payment plans. With 100% of patients approved, hospitals can get paid immediately, and patients enjoy a fee-free charge and flexible payment plan that can be scheduled according to their particular needs. The platform applies an embedded finance approach to healthcare in order to determine each patients unique ability to pay. Using PayZen, hospitals can increase collections by 50% while reducing the significant expense required to collect on outstanding invoices. PayZen easily integrates into a hospitals revenue cycle systems and processes and is easy to use by patients and providers alike. PayZen believes that patients should be able to pay their out-of-pocket medical bills with convenience and transparency and that providers should receive greater and faster cash flow.

Cumulative Funding Raised Over Time ($)

Latest News

Aug 12, 2024 · www.prnewswire.com

Growth-Positive

PayZen Closes $232M B Round In Equity and Debt Led By NEA To Boost Healthcare Affordability with AI

PayZen, a technology company that provides AI-powered solutions for healthcare affordability, has announced an oversubscribed Series B funding round. The round, led by NEA, raised $32M in equity and a new $200M credit warehouse from Viola Credit and a syndicate of insurance companies. The funds will be used to support PayZens continued rapid growth and market expansion. Over the past two years, the company has achieved a 6x YoY growth and aims to continue this momentum into the second half of 2024.

InvestmentExpand

Nov 22, 2022 · www.businesswire.com

PayZen Raises $220 Million Growth Round for Personalized Healthcare Affordability

Nov 17, 2021 · techcrunch.com

growth-positive

PayZen secures $15M Series A for 'care now, pay later' healthcare platform

Healthcare fintech startup PayZen raised $15 million in Series A funding to underwrite patients medical debt and allow them to pay for care over time. The solution uses artificial intelligence to determine payment plans specific to each patient. PayZens plans do not charge interest, which increases payment adherence and allows healthcare providers to keep costs on their own books. The company expects to announce a significant product expansion in January and plans to grow its team from 35 to 100 employees by the end of next year.

InvestmentExpand

Feb 11, 2021 · www.calcalistech.com

Growth-Positive

PayZen emerges from stealth with $5 million investment to provide affordable payment plans

San Francisco-based healthcare fintech company PayZen has raised $5 million in a funding round backed by Picus Capital, TWO39 Ventures, and others. The company, which offers patients zero-interest, fee-free payments and pays hospitals upfront for patient invoices, has also confirmed deals with Revenue Cycle Management vendor RMS and Vim, a digital health company. PayZens platform uses AI to help determine a patients ability to pay their costs, and integrates into any hospital system to help patients and administrators easily approve and schedule 0% interest payment plans online.

InvestmentPartners

Funding

Team Members

3

Employees: 51-200

Web & Social Links

Locations

Abba Hillel Silver Rd 16, Ramat Gan, 5250608, Israel

600 California Street, San Francisco, CA, USA

Photos & Videos

1 item(s)

PayZen Internal

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