PayZen - Transforming Healthcare Invoices into Manageable, Zero-Interest Installments
PayZen transforms daunting medical bills into manageable, interest-free monthly payments, benefiting both patients and providers. Using AI for quick underwriting, PayZen improves healthcare collections while keeping costs down for patients.
Medical bills are the only subscription nobody signs up for.
PayZen turns a scary, one-time healthcare invoice into a monthly plan patients can actually finish. Providers get paid up front. Patients get zero-interest, fee-free installments.
The trick is underwriting that looks more like a lender than a billing office. PayZen says it uses AI and 30,000 data points to make an offer in minutes, and reports a 78% enrollment success rate inside the provider’s existing digital flow.
It’s a clean business model. PayZen finances the receivable on a non-recourse basis, then services the plan over time. The provider improves collections and reduces bad debt. PayZen earns economics from the financing and the servicing, not from adding another point solution to the front desk.
The company was founded in 2019 by Itzik Cohen (CEO), Ariel Rosenthal (CTO), and Tobias Mezger, with roots across San Francisco and Tel Aviv. In November 2022, it announced $20M in equity led by 7wireVentures plus a $200M credit facility. In August 2024, it announced a new round totaling $232M with $32M equity led by NEA and a $200M credit warehouse led by Viola Credit.
Why now. The patient responsibility share keeps rising, and hospitals are stuck doing consumer finance without the tooling. PayZen is selling “collections” as a product, but the real wedge is embedded affordability. It plugs into revenue cycle workflows, and even extends to point-of-care with the PayZen Care Card launched with partners like Geisinger and UTMB.
FinBox Solutions picked PayZen because it attacks a giant category with a simple promise. Pay today, pay later, without turning healthcare into a payday loan.
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If you ran a hospital CFO desk, would you rather build this in-house, partner with a bank, or outsource to a specialty player like PayZen?
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