Fierce Health Technology August 24, 2021
Geisinger is teaming up with fintech startup PayZen to offer a new artificial-intelligence-backed medical billing tool that aims to make care more affordable for patients.
Patients will have the option to pay their bills in a lump sum or over several months on a timeline that is customized to meet their personal financial needs, Geisinger said. If they choose the latter option, the payment plans include no interest or additional fees.
All patients with an out-of-pocket bill of $250 or more will be able to use this new payment option, the health system said.
Itzik Cohen, PayZen CEO and co-founder, told Fierce Healthcare the platform is designed to feel like e-commerce, calling it an “Affirm for healthcare.”
“Healthcare is as...