Full-Time
Confirmed live in the last 24 hours
Creates personalized, no-fee patient payment plans
$130k - $175kAnnually
Mid, Senior
San Francisco, CA, USA
This is a hybrid position, which implies that the candidate will need to work in-office some days.
You match the following PayZen's candidate preferences
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PayZen helps make healthcare more affordable by creating personalized payment plans for patients using data analytics and artificial intelligence. Their plans are designed to be simple and transparent, ensuring that all patients can access 0% interest, no-fee options. Unlike competitors, PayZen specifically targets the healthcare sector with its "Care Now, Pay Later" model, allowing patients to receive care immediately and pay over time. The goal is to reduce the financial burden of medical expenses for patients while improving collection rates for healthcare providers.
Company Size
51-200
Company Stage
Series B
Total Funding
$70M
Headquarters
San Francisco, California
Founded
2019
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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
US-based startup PayZen has secured a $32 million Series B round led by NEA and a $200 million debt facility from Viola Credit and a syndicate of insurance companies. The funding will support the growth of its 'Care Now, Pay Later' product, which allows patients to pay medical bills in interest and fee-free installments. PayZen's revenue has expanded sixfold in 2022 and 2023, and the company is now valued at over $200 million.
/PRNewswire/ -- Today PayZen, a technology company tackling healthcare affordability with AI-powered solutions, announced an oversubscribed Series B, led by...
PayZen secures $32M Series B, $200M debt facility to grow its 'care now, pay later' product.
PayZen, a startup offering a "care now, pay later" healthcare payment solution, secured a $32M Series B led by NEA and a $200M debt facility from Viola Credit and insurance companies. The funding values the company at over $200M. PayZen's product allows patients to pay medical bills in interest and fee-free installments, boosting provider collections by 35%. The company has seen six-fold revenue growth annually for the past two years.
PayZen, a healthcare-focused technology company tackling healthcare affordability with AI-powered solutions, today released its latest industry report titled The High Cost of Health: Analyzing America's Healthcare Affordability Crisis.
The financial services veteran is embarking on the fintech's mission to tackle healthcare affordabilitySAN FRANCISCO, March 26, 2024 /PRNewswire/ -- Today PayZen , a healthcare-focused fintech company tackling healthcare affordability with AI-powered patient affordability solutions, announced Antonio Martino as its new Chief Financial Officer.Martino joins PayZen with over thirty years of financial services and public accounting experience, including direct work in early-stage, private-equity-backed, publicly traded, and privately held fintech companies. Martino has led businesses in over ten countries in developed and emerging markets through significant growth, scaling organically and via complex acquisitions, while managing equity and debt funding and capital market activities, investment optimization, and strategic planning.Before joining PayZen, Martino served as CFO at Silvergate Capital Corporation where he successfully executed an Initial Public Offering on the New York Stock Exchange, along with several follow-on equity offerings. Additionally, he served as CFO at LendingPoint, an early-stage consumer lending and point-of-sale fintech platform. Martino started his career at Ernst & Young and accumulated seventeen years of experience at Citibank, holding a series of senior finance and Chief Financial Officer positions spanning across North America, Europe, and the Middle East."As someone who has dedicated my career to an industry often considered slow to adapt, I'm invigorated by the opportunity to pioneer significant improvements in healthcare affordability by joining the PayZen team," says Antonio Martino, PayZen's CFO. "In the United States, where a crisis looms, PayZen presents a transformative solution: a harmonious blend of finance, technology, and healthcare. Contributing my wealth of experience to this mission isn't just an opportunity, it's a privilege—a chance to be at the forefront of positive change."As CFO, Martino will be leading the financial and capital market aspects driving the growth and development of PayZen and he looks forward to expanding the investor and customer base, along with the product suite of the company."Antonio's vast experience and career journey provide him with the perfect toolkit with everything we need as we continue to scale and grow PayZen," says Itzik Cohen, CEO of PayZen
PayZen, a US-based healthcare-focused fintech, has launched PayZen Care Card in a bid to solve healthcare affordability, in partnership with Geisinger and University of Texas Medical Branch.