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Startup Raises $232m To Transform Health Care Affordability With Ai

Health Care Affordability With AI

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PayZen Raises $232 Million to Make Health Care More Affordable with AI.

 

 

Revolutionising Patient Payments Through AI Innovation

 

 

PayZen secures $232M to expand its AI-powered platform for health care affordability, offering smart payment plans to reduce financial barriers for patients.

PayZen, a rising star in health care fintech, has raised $232 million in its Series B funding round. This San Francisco-based startup is reshaping how Americans pay for medical services by using artificial intelligence to create personalised, affordable payment plans.

Their goal is clear eliminate financial barriers to medical care. By using proprietary AI models, PayZen helps patients manage bills more easily and assists healthcare providers in improving financial outcomes.

Funding Breakdown and Strategic Partnerships

The new capital includes $32 million in equity and a $200 million credit warehouse, provided by Viola Credit and several major insurance companies. NEA led the funding round, with support from returning investors like 7wireVentures, SignalFire, and Viola Ventures.

This massive investment will allow PayZen to expand its reach across the U.S. and launch new AI-powered tools designed to solve patient affordability challenges.

AI-Powered Payment Plans Built Into Health Systems

What sets PayZen apart is its deep integration into electronic medical record (EMR) systems. Using advanced AI and machine learning, the platform evaluates patient data and generates customised payment options.

These AI-driven solutions don’t just benefit patients. Hospitals and clinics see better collection rates and more reliable cash flow. Everyone wins, patients get care without fear of debt, and providers reduce financial friction.

Explosive Growth and Strong Retention Metrics

PayZen’s results speak volumes. Over the past two years, the company has achieved a 6x year-over-year growth rate. Even more impressive, it boasts 100% customer retention and 132% net revenue retention, showing strong loyalty and growing client investment.

CEO and co-founder Itzik Cohen shared his excitement:

“This latest round is a huge step forward in removing financial roadblocks for patients. We’re proud to partner with investors and health systems who believe in a better future for health care financing.”

A Future Built on Financial Access and Smart Technology

With this fresh funding, PayZen plans to accelerate its mission of making health care affordable for everyone. It aims to introduce more tools that not only simplify payments but also empower patients and providers with intelligent financial solutions.

Kfir Gavrieli, general partner at NEA, emphasised their support:

“PayZen’s platform fills a critical gap in the health care ecosystem. They’ve built a scalable, AI-first solution that delivers real impact.”

PayZen secures $232M to expand its AI-powered platform for health care affordability, offering smart payment plans to reduce financial barriers for patients.

 

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