The Latest at PayZen
Removing Medical Debt From Credit Reports is a Step in the Right Direction… But More Action is Needed
Recent efforts no doubt benefit those Americans struggling with medical debt, but they do nothing to help them afford care in the first place.
Seven Alarming Statistics on Medical Debt–and What Healthcare Providers Can Do About It
More than 90% of Americans have some form of health coverage, according to the Peterson-KFF Health System Tracker. So why does medical debt continue to grow? A recent JAMA analysis shows that the rising cost of healthcare, increased cost sharing, and the millions of people who remain uninsured all play a role. Here are seven eye-opening data points that illustrate how medical debt impacts patients and providers--and how providers can help solve the problem. 1. Total U.S. Medical...
How Healthcare Affordability Solutions Can Break the Vicious Cycle of Patient Collections
By investing in affordability for every patient, healthcare providers create a feedback loop that drives sustainable change to the patient revenue cycle.
Creating a Scalable Solution: PayZen is the Affordability Financing Platform
America’s healthcare system is in need of serious disruption. More than half of Americans now carry medical debt and collection agencies held more than $140 billion in unpaid medical bills last year. Thirty percent of Americans skipped care this past summer due to cost and one in five patients cited that their health, or the health of a loved one, deteriorated over the past year as a result. To date, PayZen has tackled this growing problem one healthcare partner at a time. Our AI-backed te...
PayZen’s Mission
When my co-founders Tobias, Ariel, and I decided to start PayZen to fight the healthcare affordability crisis, a few things became evident to us. 1. What we’re trying to do is important. 2. We believe we’re the right team for the challenge. 3. What we’re trying to do is hard — very hard! And as I look back on those initial observations, I can’t help but feel more validated now than ever before. So first off, why is PayZen important? The answer is simple: we’re increasing access to healthca...