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Israeli fintech: PayZen emerges to solve healthcare payments & Mesh modernizes SME financials
Israeli startup PayZen lands Seed funding to revolutionize the way healthcare centers collect and patients pay their bills; and Mesh Payments also adds to its bank, closing a good week for Israeli fintech. Idan Ben Tovim /
PayZen offers a win-win for U.S. healthcare and patients
As the COVID-19 pandemic adds millions more to the healthcare dependence list, hospitals find themselves on the brink of financial ruin, with elective treatments put on hold, and patients faulting on hospital bill payments due to growing unemployment and excessive out-of-pocket healthcare costs. Nevertheless, a new Israeli fintech startup, PayZen, wants to pay hospital bills upfront, while offering fee-free payment plans for patients.
New Fintech Solution Pays Hospitals Upfront While Giving Patients Affordable Payment Plans
Patient financing startup PayZen comes out of stealth, announcing $5M funding round and joins forces with Revenue Cycle Management firm RMS and digital health company Vim to provide interest-free payment plans via hundreds of U.S. hospital systems
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SAN FRANCISCO, Feb. 11,
2021 /PRNewswire/ As COVID-19 ravages the country, hospitals stand on the brink of financial ruin and more patients are going bankrupt from out-of-pocket healthcare costs. But a new healthcare fintech startup has a solution:
PayZen pays hospitals upfront for patient invoices and offers patients zero-interest, fee-free payment plans. The PayZen platform is expected to increase collections for hospitals by 50 percent, while making healthcare more affordable for patients.