Full-Time
Confirmed live in the last 24 hours
Creates personalized, no-fee patient payment plans
$320k - $380kAnnually
Senior, Expert
San Francisco, CA, USA
Hybrid schedule requiring onsite work 3 days per week.
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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. By serving hospitals and healthcare providers, PayZen improves patient access to care and increases collection rates, allowing patients to receive necessary treatments without financial stress. The goal is to alleviate the burden of medical expenses for patients while enhancing the financial health of healthcare providers.
Company Size
51-200
Company Stage
Debt Financing
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...