ESCONDIDO, CA - December 18, 2024 - Palomar Health, California's largest healthcare district, is proud to announce its partnership with PayZen, a technology company tackling healthcare affordability with AI-powered solutions.

Itzik Cohen, CEO at PayZenHospitals serve as the lifeblood of our communities, delivering essential healthcare services to millions while also providing critical jobs nationwide. However, many of these indispensable institutions face severe financial strain. Nearly 40% of American hospitals expect to continue losing money from operations into 2024, with almost 80% operating at or near break-even. This precarious financial situation poses a significant threat to the sustainability of our healthcare system and, by extension, to the health and well-being of countless Americans.The U.S. healthcare system is in the midst of an affordability crisis that hurts both patients and healthcare providers. Self-pay patient balances now account for over 30% of healthcare revenue, yet the collection rate on these balances is dismally low, ranging between 20–30%

Artificial intelligence (AI) is making its mark on the business world, with several tech companies reporting growth in retail and healthcare sectors. These firms are leveraging AI to address persistent challenges, from eCommerce sizing woes to mounting medical bills, signaling a potential shift in how industries approach longstanding issues. Zapata AI Reports Q2 Growth. Zapata, an enterprise AI software provider, reported second-quarter revenue of $2 million, up 40% from $1.43 million in the same period last year. The Boston-based company, specializing in quantum-inspired AI solutions, saw its gross margin improve to 36% from 19.7% year-over-year