PayZen is a new and exciting venture at the intersection of FinTech, payments, and HealthTech.
We are tackling the massive problem in the healthcare industry of shifting payment responsibility for health services to patients. More than 40% of the US population are on high deductible health plans, yet most people can’t afford a $400 emergency expense.
This has caused a collection crisis resulting in major cashflow issues for hospitals and a very poor patient experience.
We’re headquartered in San Francisco and have built a technology and data platform that can increase hospital revenue by 50%.
Our vision is: patients should be able to pay their out-of-pocket medical bills with convenience and transparency and providers should receive more and faster cash flow.
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We use data and AI to create individualized, patient payment plans that families can afford.
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