The CEO of PayZen emphasizes the importance of payment plans in making healthcare affordable for patients burdened by high medical costs. As healthcare cuts threaten hospital revenues, alternatives are essential for those uninsured. PayZen offers plans that enable patients to pay bills over 60 months at 0% interest. The company purchases hospital debts at discounted rates and utilizes AI to assess payment likelihood from patients. This approach aims to enhance payment rates while supporting struggling facilities without pushing collections on individuals. Transparency regarding these financial arrangements is a point of contention among consumer rights advocates.
PayZen provides payment plans up to 60-months with 0% interest to make healthcare bills more affordable, especially amid significant cuts to hospital revenue.
The model relies on purchasing debt at a discount and employs AI predictions to determine potential payment from patients, highlighting innovative approaches in healthcare financing.
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