«Founded in 2019, PayZen touts a «care now, pay later» model for healthcare. The startup pays providers for patients’ invoices and then uses artificial intelligence to create individualized repayment plans lasting up to 60 months with no interest or fees.»

«The startup partners with health systems to integrate its platform into providers’ revenue cycle management systems. Last year, it announced it was working with Danville, Pennsylvania-based Geisinger.»

«PayZen also offers a debit card that patients can use before they receive healthcare services, like for recurring appointments for chronic conditions or pharmacy spending. It plans to use the capital to scale operations and product development.»

Article written by Emily Olsen



Mobi Health News