Partnership To Offer Special Financing Options
and Modern Digital Payment Features and Financial Education
Resources
STAMFORD, Conn., May 2, 2024
/PRNewswire/ -- Synchrony (NYSE: SYF), a consumer financial
services company, today announced a multi-year renewal with
Affordable Care, LLC., one of America's leading consumer retail
healthcare companies supporting dental practices exclusively
focused on tooth replacement solutions. Under the expanded
agreement, CareCredit, Synchrony's health and wellness credit card,
will be offered as a payment option at more than 450 affiliated
Affordable Dentures & Implants, DDS Dentures + Implant
Solutions and Advanced Dental Implant Center dental practices
across 43 states, enabling customers to finance dental implants and
denture products to transform their smiles and lives.
Good oral health is an important part to having and maintaining
overall health and self-confidence, but cost can sometimes get in
the way of patients achieving their dental health goals.
Synchrony's Dental Lifetime of Care study found that 58% of
respondents believe dental care is not affordable, which may be the
reason why the majority of respondents (92%) said they would
consider holding off on general dental care because of cost.
Financing solutions, such as the CareCredit credit card can help
offset the cost burden and empower patients to get the care they
need and want.
"The high price of care is prohibitive for many patients,
especially for those seeking dental care such as implants and
dentures, which often are considered elective," said
Matt Muscolo, SVP and General Manager, Dental Practices,
Synchrony. "Our goal is to provide patients with the financing
options they need to pursue their health and wellness goals."
CareCredit, one of the industry's first health and wellness
credit cards, has been helping patients pay for their care for more
than 35 years. Endorsed by major names in the dental industry
including the American Dental Association (ADA), Academy of General
Dentistry (AGD) and American Association of Dental Office
Management (AADOM), CareCredit is accepted at more than 266,000
healthcare provider and retail locations, including more than
118,000 dental care locations.
"We're excited to be partnering with Synchrony as we continue to
expand patient access to tooth replacement care and financing
options offered by over 450 affiliated practices that they can
trust," explains Matt Stringer,
Chief Marketing Officer, Affordable Care. "CareCredit makes it
possible for more patients to get the care they desperately need
and richly deserve."
Dental patients looking for a modern, flexible way to pay for
dental care can see if they prequalify for the CareCredit credit
card in a dental practice, online at carecredit.com or on any smart
device with no impact to their credit score. A credit decision is
made within minutes and if approved, patients can use their card to
pay for care without delay. For providers, CareCredit is integrated
in the top dental practice management software solutions, making it
easy for dental teams to offer it to their patients and for
patients to apply.
Additionally, CareCredit offers resources and tools to help
educate patients on dental costs and the financing solutions
available to plan and pay for care. To find more information about
financing solutions to pay for dental care, please
visit: www.carecredit.com.
About Affordable Care, LLC.
Affordable Care is
America's largest dental support organization (DSO) exclusively
focused on tooth replacement services. The DSO supports more than
450 affiliated dental practices, including Affordable Dentures
& Implants, DDS Dentures + Implant Solutions and Advanced
Dental Implant Center, in 43 states by providing innovative,
non-clinical business and administrative support services to assist
affiliated dental practices in providing patients with access to
high-quality, affordable tooth replacement solutions. More than 8
million patients have received care at an Affordable Care-supported
dental practice. Visit affordablecare.com.
About Synchrony
Synchrony is a premier consumer
financial services company delivering one of the industry's most
complete digitally enabled product suites. Our experience,
expertise and scale encompass a broad spectrum of industries
including digital, health and wellness, retail, telecommunications,
home, auto, outdoor, pet and more. We have an established and
diverse group of national and regional retailers, local merchants,
manufacturers, buying groups, industry associations and healthcare
service providers, which we refer to as our "partners." We connect
our partners and consumers through our dynamic financial ecosystem
and provide them with a diverse set of financing solutions and
innovative digital capabilities to address their specific needs and
deliver seamless, omnichannel experiences. We offer the right
financing products to customers in their channel of choice. For
more information, visit www.synchrony.com and
Twitter: @Synchrony.
Contact:
Lauren Devilbiss
Synchrony
Lauren.devilbiss@syf.com
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SOURCE Synchrony