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PayZen Patient Financing Services (Non-Recourse) Commentary
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Subject Expert
Josh Naegle
Associate Engagement Partner
KLAS Associate Engagement Partner - Josh Naegle
 

Commentary Summary

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User Commentary

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COO

We've had some issues with files going back and forth between PayZen and our other system, so that...

Comment Tone Neutral
Pillars Operations
Evaluation Unrated

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COO

In terms of customer service and the implementation process, everything went very smoothly. We had a...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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COO

I would like to see more patients utilizing PayZen's service, but I think it has been successful and...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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COO

We did have a payment option in the past through a local bank, and it was a recourse program. It was...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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COO

One pain point we've definitely heard from our patients is that if patients have multiple accounts,...

Comment Tone Neutral
Pillars Operations
Evaluation Unrated

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Director

I would recommend PayZen because they are doing a lot of what they said they would do, and they do...

Comment Tone Positive
Pillars Relationship, Value
Evaluation Unrated

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Director

The PayZen implementation was pretty quick. They were pretty good on that, and the transition of...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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Director

PayZen is trying to offer other methods, like a payment card, but we're just not choosing to use...

Comment Tone Neutral
Pillars Operations, Services
Evaluation Unrated

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Director

PayZen is very visible. Our previous vendor was not. We meet with PayZen regularly. They give us...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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Director

I think that with the increase in self-pay patients, we are going to be monitoring things. We have...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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VP/Other Executive

Everyone we have dealt with from PayZen has been very responsive. They are always Johnny-on-the-spot...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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VP/Other Executive

With PayZen, we always wish we could get more. We wait 60 days before we reach out to patients to...

Comment Tone Neutral
Pillars Services, Value
Evaluation Unrated

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VP/Other Executive

PayZen has really been a patient pleaser. We have seen more patients shift to high-deductible...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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VP/Other Executive

PayZen has exceeded our expectations. We are just branching out now into a newer service that PayZen...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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CFO

The key factor that influenced our decision to go with a nonrecourse service over a recourse service...

Comment Tone Positive
Pillars Loyalty, Value
Evaluation Unrated

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CFO

We still have regular follow-up meetings with PayZen where we review the accounts they’ve acquired...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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Director

Patients can have multiple accounts, but they can't roll up the bills into one. That's been the...

Comment Tone Neutral
Pillars Loyalty, Services
Evaluation Unrated

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Director

PayZen’s customer service is very good. Anyone that I have communicated with has been great and very...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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Director

We hired PayZen to help our patients have a better understanding of the type of bills they have and...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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CMO

PayZen succeeded in what we went out to do, which was bring our patients an opportunity to have...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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CMO

We are leaving PayZen. When we were looking for a financing company a few years ago, one of the...

Comment Tone Negative
Pillars Loyalty
Evaluation Unrated

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CMO

We didn't have a lot of issues with how well PayZen’s technology integrated with our systems, but...

Comment Tone Negative
Pillars Loyalty
Evaluation Unrated

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Director

For patients who can’t pay in full today, we are able to get a capital influx sooner as opposed to...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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Director

During implementation, if there is a standard format that the EHR has, PayZen needs to make sure to...

Comment Tone Negative
Pillars Operations, Services
Evaluation Unrated

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Director

Receiving our money’s worth is tough because, ultimately, PayZen is taking on risk. But by the same...

Comment Tone Negative
Pillars Loyalty, Value
Evaluation Unrated

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Director

PayZen has regular meetings with us and talks us through the data and analytics, and we review the...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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Director

We made recommendations, and PayZen finally came through with them, but in some cases, it could have...

Comment Tone Negative
Pillars Services
Evaluation Unrated

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CIO

I have seen a couple of people that we work with at PayZen turnover. They get promoted or whatever,...

Comment Tone Negative
Pillars Relationship, Services
Evaluation Unrated

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CIO

PayZen helps patients take care of their bills. The service is really good for people who can't pay...

Comment Tone Positive
Pillars Loyalty, Operations, Value
Evaluation Unrated

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Director

We have an assigned contact from PayZen. Quite frequently, we have additional people from PayZen on...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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Director

We have better integration with PayZen’s technology on the back end than on the front end because we...

Comment Tone Positive
Pillars Relationship, Operations, Services
Evaluation Unrated

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Director

I would rate our satisfaction with PayZen's ability to help drive patient adoption of their services...

Comment Tone Positive
Pillars Relationship, Operations, Value
Evaluation Unrated

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VP/Other Executive

PayZen can be a little aggressive.

Comment Tone Negative
Pillars Relationship, Services
Evaluation Unrated

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VP/Other Executive

I have used a lot of different products to help collect A/R, but I have never had a firm like PayZen...

Comment Tone Positive
Pillars Relationship, Operations, Services
Evaluation Unrated

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VP/Other Executive

The frequency of PayZen’s plans being offered to patients has been amazing. If people want to work...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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CFO

What I like about working with PayZen is that what they said in the sales pitch is what occurred in...

Comment Tone Positive
Pillars Operations, Services
Evaluation Unrated

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CFO

There are no additional costs involved with PayZen. I'm extremely satisfied with PayZen’s staff...

Comment Tone Positive
Pillars Relationship, Operations, Value
Evaluation Unrated

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CFO

PayZen is accomplishing what we set out to do, and that is to give our patients a way to finance...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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CFO

I have worked with a few different folks from PayZen, and they have all been able to handle anything...

Comment Tone Positive
Pillars Relationship, Operations, Services
Evaluation Unrated

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CFO

I'm very satisfied with the work the firm has done. PayZen has been very effective at getting...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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CFO

I haven't had any trouble with PayZen’s technology. The data files come across, and we are basically...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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CFO

When choosing between recourse or nonrecourse financing services, I really wanted things to be set...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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VP/Other Executive

Every patient is underwritten, so fees are variable based on the risk of each patient. However, we...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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VP/Other Executive

PayZen has been very available to us. We meet on a regular basis. We continue to talk through and...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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VP/Other Executive

PayZen’s execution has surpassed our expectations. We can absolutely measure what the outcomes have...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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VP/Other Executive

We have access to pretty much everybody at PayZen. PayZen is very responsive to us. They are...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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VP/Other Executive

PayZen is available to any of our patients who are looking to set up a payment plan. Anybody who has...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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VP/Other Executive

I would absolutely recommend PayZen. We are very happy with the firm. We have the ability now to set...

Comment Tone Positive
Pillars Services
Evaluation Unrated

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VP/Other Executive

We were looking at default rates of our payment plans that we ran in-house with the assistance of...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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VP/Other Executive

We have been extremely satisfied with PayZen. We have had a very good working relationship. The...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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VP/Other Executive

The key factor that influenced our organization's decision when choosing between recourse and...

Comment Tone Positive
Pillars Loyalty, Operations
Evaluation Unrated

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Manager

The firm's people have knowledge that really helps create a bridge of understanding. They are able...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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Manager

PayZen consistently exceeds our expectations. In the initial project rollout, when we were bringing...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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Manager

I have positive feedback for PayZen. They are a really great implementation and product services...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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Manager

I would tell another organization considering PayZen that the project implementation team was a...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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Manager

PayZen has an excellent outreach program and marketing. Ultimately, we partner with the firm to...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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Manager

PayZen is fully engaged and available. For communication, the bridge is open all the time. There is...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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Manager

PayZen has a lot of really good recommendations and best practices from other clients. They provide...

Comment Tone Positive
Pillars Loyalty, Relationship, Operations
Evaluation Unrated

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VP/Other Executive

PayZen was the first company that I came across that did nonrecourse financing. With all of the...

Comment Tone Positive
Pillars Loyalty, Operations
Evaluation Unrated

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VP/Other Executive

I would buy PayZen's services again. I have had several of my peers reach out to me and ask how our...

Comment Tone Positive
Pillars Loyalty, Relationship
Evaluation Unrated

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VP/Other Executive

We had a person from PayZen who constantly checked in with us, made sure that we understood what we...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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VP/Other Executive

Starting PayZen's service was easy. There was just a little lift from us as we gave them the data....

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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VP/Other Executive

PayZen has not overpromised. They are really realistic about what we should expect, and they have...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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VP/Other Executive

PayZen was very accommodating when we asked them to help us separate out our data in a certain way....

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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COO

PayZen’s whole implementation process went very well. They are very easy to work with. We had to...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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COO

PayZen’s support team is very responsive. When I email our account manager with our concerns and...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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COO

We hired PayZen because we have struggled with patient accounts receivable balances. We were looking...

Comment Tone Negative
Pillars Loyalty
Evaluation Unrated

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Manager

The pain point for our patients is the number of texts they get weekly from PayZen. We have a...

Comment Tone Neutral
Pillars Services
Evaluation Unrated

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Manager

PayZen is so helpful. We have had so many changes, and PayZen has just been on top of them. They...

Comment Tone Positive
Pillars Loyalty, Relationship
Evaluation Unrated

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Manager

The key factors that influence our organization’s decision when choosing between recourse or...

Comment Tone Positive
Pillars Loyalty
Evaluation Unrated

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Director

The charge for this service is all-encompassing. How the firm does it is that we have created a...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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Director

I don't know that there are any shortcomings with the service. We can tell that PayZen’s goal is to...

Comment Tone Negative
Pillars Operations, Services, Value
Evaluation Unrated

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Director

PayZen has been pretty easy to work with. They told us that we would net around a certain...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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Director

We didn't have a firm prior to PayZen. Our facility was handling all our payment plans in-house. I...

Comment Tone Positive
Pillars Loyalty, Value
Evaluation Unrated

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Director

Right now, we are doing recurring calls with the firm. We were doing more frequent recurring calls...

Comment Tone Positive
Pillars Services
Evaluation Unrated

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Director

We hired the firm so that we could get some of the self-pay A/R off our books. The service is...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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Director

With the integration, we have had a bit of trouble on the payment portion. PayZen does not provide...

Comment Tone Negative
Pillars Operations
Evaluation Unrated

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CFO

We have had issues with the implementation of PayZen's system, but PayZen was really great at...

Comment Tone Positive
Pillars Operations, Services
Evaluation Unrated

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CFO

We don't have to worry about PayZen charging for every little thing. With other firms and vendors,...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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CFO

I don't really have feedback about anything that PayZen could improve on because things really did...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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CFO

We were looking at alternative payment methods for our patients. We liked the way that PayZen’s...

Comment Tone Positive
Pillars Loyalty, Operations
Evaluation Unrated

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Director

With PayZen, we don't have a patient commit to a payment plan with us that requires monthly work,...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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Director

PayZen is always tweaking models, and they recently changed how they calculate things. They are also...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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Director

What we like about this service is the fact that PayZen pays us up front the day after the...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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Director

Our biggest concern when we adopted this partnership was that we thought people would think PayZen...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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Director

The relationship with PayZen has continued in a good manner. We haven't had any concerns. For...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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Director

PayZen is working on combining payment plans, so if a patient has a payment plan with them already...

Comment Tone Negative
Pillars Loyalty, Services
Evaluation Unrated

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VP/Other Executive

We have to do some manual posting, so there is a bit of manual work that has to happen on our side....

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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VP/Other Executive

We have had patients who come in for services and utilize PayZen, and then a month later, they come...

Comment Tone Positive
Pillars Operations, Services
Evaluation Unrated

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VP/Other Executive

We aren't the biggest fish out there, and our facility size tends not to get as much attention from...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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VP/Other Executive

PayZen is a business. They have to make money. PayZen charges us a fee per payment arrangement, and...

Comment Tone Negative
Pillars Value
Evaluation Unrated

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VP/Other Executive

My ROI with PayZen has definitely exceeded expectations. I get back way more money than I expected....

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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VP/Other Executive

We were looking for a healthcare financing option that did not have any significant recourse. Most...

Comment Tone Positive
Pillars Loyalty, Operations
Evaluation Unrated

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VP/Other Executive

The people from the firm are very professional and respectful. They are good listeners. When we went...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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VP/Other Executive

The firm often offers payment plans to patients. I'm sure there are some accounts out there that get...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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VP/Other Executive

The biggest thing I was worried about before we started using PayZen was that our community was...

Comment Tone Positive
Pillars Operations
Evaluation Unrated

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Manager

We are hoping for a higher percentage of payout than we have been seeing, but I know that isn't...

Comment Tone Positive
Pillars Operations, Value
Evaluation Unrated

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Manager

PayZen tries to be really involved to make sure they can meet our needs, and they have worked to...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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Manager

I won’t say that PayZen really nickel-and-dimes us, but I do feel that the percentage they claimed...

Comment Tone Negative
Pillars Operations, Value
Evaluation Unrated

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Manager

I'm not going to say PayZen has exceeded our expectations because we had pretty high expectations...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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Manager

PayZen delivers well. I think sometimes they deliver too well in that patients sometimes feel like...

Comment Tone Positive
Pillars Relationship, Operations
Evaluation Unrated

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Manager

Everybody's needs are different, so if an organization were looking at working with PayZen, I would...

Comment Tone Neutral
Pillars Relationship, Services
Evaluation Unrated

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VP/Other Executive

The firm’s strategic ability is fine. PayZen wanted to be a little more aggressive than we wanted...

Comment Tone Positive
Pillars Relationship
Evaluation Unrated

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VP/Other Executive

The firm definitely avoids charging extra for every little thing. We just have contingency fees. If...

Comment Tone Positive
Pillars Value
Evaluation Unrated

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VP/Other Executive

There are times when the firm doesn’t know the answer to something right away, and we just have to...

Comment Tone Positive
Pillars Relationship, Services
Evaluation Unrated

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CFO

PayZen does everything and then some. They are always above target. Their integration is as good as...

Comment Tone Positive
Pillars Relationship, Operations, Services
Evaluation Unrated

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