United States · Information technology & services startup

PayZen

PayZen is a healthcare fintech company founded in 2019 and based in San Francisco, California.

Funding reportedLast round: Debt financing

Information technology & servicesSan Francisco, United States

About PayZen

PayZen is a healthcare fintech company founded in 2019 and based in San Francisco, California.

The company focuses on improving healthcare affordability and patient payment responsibility in the United States. PayZen is recognized as a leading innovator in patient financing, offering an AI-powered Patient Affordability Platform that provides personalized, interest-free payment plans for patients. This platform utilizes over 30,000 data points to assess each patient's ability to pay, ensuring that all patients are approved for financing. The company also offers a non-recourse financing solution to healthcare providers, allowing them to receive immediate payment for medical bills while transferring the risk of patient non-payment to PayZen. This approach helps healthcare providers improve their collection rates and cash flow. Additionally, PayZen automates various aspects of the revenue cycle, integrating seamlessly with existing systems to reduce administrative burdens. With a mission to make care accessible and affordable, PayZen is committed to addressing the financial challenges faced by both patients and healthcare providers.

What company datasets say PayZen raised

Funding, as reported

Reported in all$472Min dollars
Rounds7
Last roundDebt financing
Last round size$200M
Last round dateAug 2024
Investors listed11
SEC Form D$44M sold, 2 filings, last Sept 2024

Founders and team

From PayZen's own website: 2 founders, 2 on the team.

Itzik CohenCo-Founder and Chief Executive Officer
Tobias MezgerCo-Founder and Chief Revenue Officer
  • Brandon PaceChief Legal Officer
  • Sanjeev KapurChief Operating Officer

On 4 portfolio pages

Investors who name them

Each firm lists PayZen on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

health carehealthcare fintechemr/ehr integrationinformation technology & servicesfinancial servicesmedical debt reductionfinanceai underwritingmedical debt managementmedical billing solutionshospital & health carepre-service payment solutionspersonalized payment optionspayment planshealthcare payment automationworkflow automation

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Sector
Information technology & services
Industry code
NAICS 54151, 522291, 513210, SIC 7375, 6141, 7372
Region
California
Revenue
$16M a year, as listed
Full record
Every detail in the company directory

Information technology & services in United States

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