Geisinger is introducing a new AI-backed, customizable approach to medical billing where patients have the power to select zero-interest payment plans that can be paid over a timeline of their choosing.
Partnering with fintech startup PayZen, Geisinger is the first major health system in the United States to implement this AI-backed financing solution to create customized billing solutions that will help patients more easily afford out-of-pocket medical expenses within their personal budgets. With this partnership, patients receiving Geisinger bills for out-of-pocket expenses will be invited to pay the bill in one lump sum, or over many months, on a timeline that works for their personal financial situation. If they elect to pay their balance over time, they can choose from several customized payment plans, all without fees or interest. The payment plans will be made available to all Geisinger patients with out-of-pocket balances over $250 after insurance payments. Read more.
