Synchrony Extends Partnership With Affordable Care Offering CareCredit To Patients
Portfolio Pulse from Benzinga Newsdesk
Synchrony (NYSE:SYF) has renewed its partnership with Affordable Care, LLC to continue offering its CareCredit health and wellness credit card as a payment option in over 450 dental practices across 43 states. This partnership aims to make dental care more accessible by providing special financing options for dental implants and dentures, addressing the concern that 58% of people find dental care unaffordable. CareCredit, endorsed by major dental associations, is accepted at over 266,000 healthcare locations and offers tools to educate patients on financing dental care.
May 02, 2024 | 1:05 pm
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Synchrony's renewal of its partnership with Affordable Care to offer CareCredit in dental practices could enhance its market presence in the healthcare financing sector, potentially increasing usage of its credit card services.
The renewal of the partnership with Affordable Care, LLC and the expansion of CareCredit's availability in dental practices directly impacts Synchrony's business by potentially increasing the user base of its health and wellness credit card. Given the emphasis on making dental care more affordable, this move could lead to higher transaction volumes and greater adoption of CareCredit, positively affecting Synchrony's financial performance in the short term.
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