PayZen

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.

PayZen has raised $72M in total funding across 5 rounds. The company is currently at the B stage. Key investors include Viola Credit, New Enterprise Associates, Viola Ventures.

PayZen was founded in 2019 by Itzik Cohen (Co-founder, President & CEO), Ariel Rosenthal (Co-founder & CTO), Tobias Mezger (Co-founder, COO & CFO).

PayZen operates in Fintech & Insurtech, Lending & Financing, Money Transfer & Management, Health Tech & Life Sciences, Digital Healthcare, Patient Engagement, Clinical Workflow, with core technologies in Data Storage, CDN, Platforms & Interfaces. Target customers: Healthcare & Life Sciences, Healthcare, Patients, Insurance Companies, Providers.

PayZen is based in Abba Hillel Silver Rd 16, Ramat Gan, 5250608, Israel, Center District. The company also has offices abroad.