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PayZen

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

SAN FRANCISCO, CALIFORNIA – (PR Newswire) – Today PayZen, a technology company tackling healthcare affordability with AI-powered solutions, announced an oversubscribed Series B, led by NEA, with full participation from existing investors including 7wireVentures, SignalFire, Viola Ventures, and others. The round includes $32M Equity and a new $200M credit warehouse from Viola Credit and a syndicate of insurance companies. This additional credit facility will support its conti...

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Crawford Memorial Hospital Partners with PayZen to Enhance Patient Affordability and Eliminate Financial Barriers

ROBINSON, ILLINOIS – Crawford Memorial Hospital, an award-winning critical access hospital serving the Crawford County, Illinois, community and beyond has joined forces with PayZen to empower patients in managing healthcare costs and eliminating financial barriers to care. This partnership exemplifies both Crawford's and PayZen’s commitments to making quality healthcare accessible to all, regardless of financial circumstances. The benefits of the PayZen-Crawford Memorial Hospital Par...

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Crawford Memorial Hospital Partners with PayZen to Enhance Patient Affordability and Eliminate Financial Barriers

ROBINSON, ILLINOIS – Crawford Memorial Hospital, an award-winning critical access hospital serving the Crawford County, Illinois, community and beyond has joined forces with PayZen to empower patients in managing healthcare costs and eliminating financial barriers to care. This partnership exemplifies both Crawford's and PayZen’s commitments to making quality healthcare accessible to all, regardless of financial circumstances. The benefits of the PayZen-Crawford Memorial Hospital Par...

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How healthcare providers can tackle medical debt to help improve health equity

Learn what role medical debt plays in driving health inequity – and how providers can help close the gaps. Millions of adults in the U.S. struggle to bear the weight of soaring health care costs. A June 2022 survey from Gallup showed that nearly 40% of Americans — an estimated 98 million people — had delayed or skipped healthcare treatments, cut back on regular household expenses, or borrowed money in the previous six months due to high costs of medical care. People are also carrying...

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Healthcare Fintech’s Key Trends in 2023: RCM teams will shift to meet patients where they are

The year ahead brings economic pressures for healthcare systems, but also fresh opportunities to improve revenue cycle management and the patient experience. Here at PayZen, we asked our team to predict the biggest industry trends that will affect providers and patients this year.  Affordability becomes front and center “This year, we’ll see more urgency to solve healthcare’s affordability problem,” says Itzik Cohen, PayZen’s co-founder and CEO. “With high inflation, providers and pa...

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How Hospitals and Health Systems Can Help Patients Avoid Medical Debt

Medical debt is a serious problem for patients and healthcare providers. Fortunately, hospitals and health systems can take steps to protect their revenue and help patients afford care.  For millions of Americans, medical debt leads to a financial crisis, putting them at risk of poverty or even bankruptcy. For millions more, debt is a source of stress and aggravation. And for hospitals and health systems, unpaid medical bills mean decreased revenue, increased expenses, and the specte...

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Two Steps to Accelerating Cash Flow While Enhancing the Patient Experience

Cash collection, and its patient financing technology, has finally changed for the good This article is part 2 in a 2-part series on de-risking your balance sheet through cash acceleration. You can read part 1 here.    You’ve done your homework and determined that your healthcare organization needs cash flow acceleration. You see it as the best way to avoid operating margin challenges in shaky markets while ensuring you better serve your patients. With 100 million Americans in m...

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The First Steps to De-Risking Your Balance Sheet Through Cash Acceleration

The balance between tending to your cash flow needs and nurturing the patient is a delicate one, but one that can be managed with very intentional steps and the latest in healthcare financial technology.  Healthcare providers have faced unique challenges over the past three years, with more than half of U.S. hospitals projected to have negative margins through 2022. There is no single cause, but when elevated hospital expenses (nearly $135 billion more than in 2021) meet an inefficie...

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Infographic: Seven Alarming Statistics on Medical Debt

About 100 million Americans have healthcare debt¹. In the infographic below, discover seven things you should know about how medical debt impacts patients and providers. Then, learn what healthcare providers can do about medical debt in this blog post. Seven Alarming Statistics on Medical Debt – and What Healthcare Providers Can Do About It Research shows that medical debt keeps many patients from getting the care they need--and affordability is a key driver in a...

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