Our leading healthcare payment platform uses unique datasets to power our proprietary model that identifies the best solution for each patient to access and afford care, while removing the administrative burden for providers. Our platform is fully automated and seamlessly integrates into existing healthcare systems such as Epic MyChart or Flywire, delivering an unrivaled patient experience.
PAYMENT PLANS
Leverage technology and data to increase patient payments by 30%
Drive additional opt-ins for patient payment plans
Offer patients affordable healthcare payment plans rather than sending accounts to bad debt. We approve 100% of your patients, offer them payment options up to 60 months based on their unique ability to pay, and never charge interest, leading to high take-rates and a substantial lift in patient payments.
Free up time with our automated solution
From engagement to plan enrollment to servicing, our platform is fully automated. There are no IT costs, no burden on your revenue cycle management staff, and most providers go live within 4 weeks.
Improve your balance sheet
Choose to accelerate capital with our financing or simply to leverage our technology and servicing. If you opt for recourse or non-recourse financing, we get you out of the financial services business by paying you up front. Whichever the model, you no longer have to manage long-term in-house payment plans, and patients on PayZen are more successful in making monthly payments.
CARE CARD
Increase patient access & drive loyalty
Remove financial barriers to care with the Care Card
The PayZen Care Card includes all the benefits of our payment plan product in a physical and virtual debit card for convenient and ongoing use. Offer the Card to patients ahead of scheduled procedures or for longer care cycles.
Put affordability in your patients’ pockets
Patients can use the card to split any charges with your health system into affordable monthly payments. Card activation is instant and the card terms are tailored to your patients’ unique circumstances.
Drive repeat use with your health system
The card is white labeled to your health system and we support you in promoting it as an exclusive benefit for your patients.
FINANCIAL ASSISTANCE AUTOMATION
Automate assessment of patient financial eligibility
Our vision is broader than helping patients break large balances into monthly payments: we use data, automation, and AI/ML to solve healthcare affordability holistically. Some patients qualify for financial assistance, government programs, or a settlement. We’re building a trusted technology platform that ensures patients are enrolled in the best option or program to afford their care.
Testimonials
PayZen’s zero interest plan and unique payment over time offering is an opportunity for our patients to develop the payment strategy that works best for them, while still getting the level of care they deserve.
This makes it simpler to afford and pay medical bills with no-interest plans on friendly, customizable terms. We understand that everyone’s financial situations are different and it’s our obligation to make sure our patients don’t avoid or put off necessary care for financial reasons.
We’re no longer burning unnecessary resources tracking down payments. PayZen has helped us align our staff’s efforts with initiatives that support the future of NSMC in our community.
PayZen delivers a superior ROI from Day One
Baseline Patient Payments
Increased payment adherence
More patients elect to pay, rather than being sent to bad debt
Better servicing & cash acceleration
Patients are more successful making monthly payments, allowing for high pre-funding rates
Increased volume of services
More patients use medical services if they know they can afford their care
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Why Now is the Time to Invest in a Healthcare Affordability Platform
Delivering personalized patient payment plans is a major step in tackling the healthcare affordability crisis.
