PayZen is a healthcare fintech platform that provides embedded, AI-powered patient financing solutions to help healthcare providers increase revenue while making care more affordable for patients. PayZen uses artificial intelligence and automation to offer flexible, interest-free payment plans to patients, addressing affordability and improving satisfaction.
The platform automatically identifies and engages patients who need flexible payment options, then tailors no-interest payment plans—extending up to 60 months—based on each patient's ability to pay. For healthcare providers, PayZen can pre-fund patient accounts without recourse, which eliminates bad debt risk and brings accounts receivable (A/R) days to zero. This results in faster, more predictable cash flow for providers, as well as a significantly higher rate of patient payments.
PayZen's broader vision is to create an integrated, data-driven platform that automates manual processes and holistically addresses patient affordability. Beyond just splitting balances into monthly payments, the company is building technology to streamline and optimize the entire patient financial experience, supporting both provider revenue growth and patient access to care.
Who uses PayZen?
PayZen primarily serves healthcare providers and health systems. Its solutions are used by organizations such as:
- University of Texas Medical Branch
- Marshall Medical Center
- Allegiance Health Management
- North Sunflower Medical Center
- Palomar Health
These customers leverage PayZen to improve financial outcomes and patient satisfaction across a diverse range of healthcare settings.
How was PayZen started and who leads it?
PayZen was founded by a team with extensive experience in fintech, healthcare, and high-growth businesses:
- Itzik Cohen (Co-Founder & CEO): Fintech veteran and serial entrepreneur
- Tobias Mezger (Co-Founder & CRO): Strategic revenue leader with fintech expertise
- Antonio Martino (CFO): Veteran in financial services
- Jillian Souza (VP of People): Specialist in scaling high-growth organizations
- Brandon Pace (Chief Legal Officer): Regulatory and mission-driven fintech leader
Their combined backgrounds shape PayZen's approach to transforming patient affordability and provider financial processes. More about their story can be found on PayZen's About page.
What makes PayZen different?
PayZen stands out through its use of AI-driven automation, its ability to offer interest-free patient plans up to 60 months, and its provider pre-funding model that eliminates bad debt risk. The company's integrated platform goes beyond traditional patient financing by automating manual processes and focusing holistically on the affordability needs of patients.
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