Recognition honors the company’s leadership in AI-powered healthcare affordability
SAN FRANCISCO, April 23, 2026 — PayZen, the AI healthcare affordability platform helping patients afford care while improving financial performance for health systems, today announced it has been named the winner of a Silver Stevie® Award in the AI in Healthcare Achievement Award category in The 24th Annual American Business Awards®.
PayZen was recognized for its AI-powered affordability platform, which uses advanced predictive models to deliver personalized, interest-free payment plans embedded directly into hospital billing workflows. The company highlighted results including a 30% average lift in collections, a 13% reduction in bad debt across participating systems, and strong patient satisfaction and enrollment performance.
Judges praised PayZen for combining measurable financial impact with meaningful patient benefit. One judge wrote, “This case study demonstrates how technology deployed in a relatively small decision point in a healthcare pathway can be life-changing and empowering for individuals.” Another described PayZen as “a highly impactful and patient-centric application of AI” that is helping modernize affordability with scalable, data-driven solutions. More than 250 professionals worldwide participated in the judging process to select this year’s winners.
“Too often, the financial experience in healthcare creates stress at the exact moment patients need support,” said Itzik Cohen, CEO and co-founder of PayZen. “We built PayZen to change that. It’s incredibly meaningful to see this work recognized, not just for the technology itself, but for the real impact it can have on patients and providers every day.”
About PayZen
PayZen is the AI healthcare affordability platform helping patients afford care while improving financial performance for health systems. Using advanced predictive models and deep data integrations, PayZen delivers personalized, interest-free payment plans embedded directly into hospital billing workflows. Ranked #1 Best in KLAS for Patient Financial Engagement, PayZen is redefining how affordability is delivered at scale.
