PayZen secures $23M Series B, $200M debt facility to grow its "care now, pay later" product | TechCrunch
Briefly

from TechCrunch7 months ago
Just two decades ago, fees paid by patients accounted for only 5% of hospitals' and doctors' revenue, but by 2017, those fees made up 35% of revenue.
TechCrunchhttps://techcrunch.com/2024/08/13/payzen-secures-23m-series-b-led-by-nea-and-200m-in-debt-to-expand-care-now-pay-later-offering/
PayZen aims to make healthcare more affordable by enabling patients to pay their bills in interest and fee-free installments over time, with significant revenue growth.
TechCrunchhttps://techcrunch.com/2024/08/13/payzen-secures-23m-series-b-led-by-nea-and-200m-in-debt-to-expand-care-now-pay-later-offering/
Providers who work with PayZen increase their collections rate by 35%, benefiting healthcare systems.
TechCrunchhttps://techcrunch.com/2024/08/13/payzen-secures-23m-series-b-led-by-nea-and-200m-in-debt-to-expand-care-now-pay-later-offering/
Convincing healthcare providers to offer a 'buy now, pay later' product was initially challenging due to the complexity of the market.
TechCrunchhttps://techcrunch.com/2024/08/13/payzen-secures-23m-series-b-led-by-nea-and-200m-in-debt-to-expand-care-now-pay-later-offering/
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#healthcare-costs #medical-debt #payzen #interest-free-payments #revenue-growth
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