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 Partnership include:
- Enhanced Patient Affordability: The partnership will provide patients with innovative tools and solutions to manage their healthcare expenses more effectively.
- Eliminating Financial Barriers: By leveraging AI technology, PayZen and Crawford Memorial Hospital aim to remove financial obstacles that often prevent individuals from accessing the care they need.
- Improving Hospital Financial Health: Solutions that increase and accelerate cash flow are especially important for the stability of rural hospitals that serve as a lifeline in their communities.
If a patient expresses that they need extended terms, Crawford will highlight the option to enroll in an interest-free payment plan that is tailored to their unique circumstances. All patients who need extra time to pay are approved for a plan, regardless of their credit history, and the terms can extend up to 60 months.
Once a patient sends their first payment, PayZen funds Crawford upfront, reducing outstanding days in A/R. PayZen then works one-on-one with the patient to collect the remaining balance, taking on the full risk of default.
“We are thrilled to partner with Crawford Memorial Hospital in our mission to make healthcare more affordable and accessible,” says Itzik Cohen, CEO at PayZen. “By combining PayZen’s advanced technology with Crawford’s dedication to exceptional patient care, we will transform the way patients manage their healthcare costs.”
“At Crawford Memorial Hospital, we have always strived to provide the best care to our community,” says Julia Hoalt, Director of Revenue Cycle at CMH. “This partnership with PayZen allows us to further that commitment by breaking down financial barriers and ensuring that every patient can receive the quality healthcare they deserve.”
Through this strategic partnership, PayZen will integrate its innovative, AI-powered patient affordability solutions into Crawford Memorial Hospital’s financial ecosystem. PayZen’s solutions, designed to provide patients with transparent, affordable payment options, are in use by healthcare systems across the U.S. For more information or to inquire about a potential integration, contact PayZen.
PayZen is a mission-driven healthcare fintech company that is solving the growing patient payment responsibility problem with superior technology and a modern approach. PayZen is backed by leading equity and credit capital investors and is led by proven technology veterans with a successful track record of helping millions of Americans overcome financial struggles.
About Crawford Memorial Hospital
Crawford Memorial Hospital is an award-winning critical access hospital founded in 1961, serving the Crawford County, Illinois, community and beyond with a commitment to exceptional patient care, innovative medical services, and a rich tradition of community engagement. With a focus on quality healthcare delivery, Crawford Memorial continues to be a cornerstone of the community’s health and well-being.