Partnership Extends CareCredit Access to
Dental Practices Nationwide and Includes Integration with "Adit
Pay" for Patients;
Partnership Enables Streamlined Payment
Options to Adit Users
STAMFORD, Conn., April 18,
2024 /PRNewswire/ -- Today, Synchrony (NYSE: SYF), a
consumer financial services company, announced a new partnership
with Adit, an industry leading dental practice management software
provider. Increasingly, dentists are looking for external support
to deliver patient financing while ensuring patients are getting
the experience they want and financial support they
need.1
"Connecting patients to payment solutions at their dentist's
office is an essential part of ensuring their care journey is as
smooth as possible," said Matt Muscolo, SVP and General
Manager, Dental Practices, Synchrony. "As margin pressures
continue, a healthy practice depends on effective and timely
revenue cycle management. This is where financial solutions like
CareCredit and operations technology like Adit are able to lift
that burden from the shoulders of practitioners."
Offering these solutions to patients is particularly important,
as more than half (58%) of consumers expressed that dental care is
not affordable, and for those living without dental insurance, that
number rose to 75%, according to the company's recently published
Dental Lifetime of Care study. CareCredit, one of the industry's
first credit cards for health and wellness, helps patients pay for
their care over time, and has been 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).
This new partnership with Adit will integrate CareCredit into
"Adit Pay," which allows dental practices to offer CareCredit as a
financing option to their patients in a seamless and easy to use
way. CareCredit's innovative Batch Quick Screen will also help
practitioners know when patients are preapproved for the health and
wellness credit card.
"At Adit, our developers understand that creating a high-value
dental business begins with a solid foundation based on creating
satisfying customer experiences and efficient operations," said
Ali Jhaver, CEO of Adit. "Our
partnership with Synchrony to integrate CareCredit's offerings into
our technology is just another way we can strengthen that
foundation for providers."
CareCredit is integrated in top dental practice management
software solutions, making it easy for dental teams to offer to
patients and for patients to apply. Dental patients looking for a
modern, flexible way to pay for dental care can see if they
prequalify in the dental practice and on any smart device with no
impact to their credit score, or they can apply by phone.
A credit decision is made within minutes and if approved,
patients can use their account to pay their dentist right away.
CareCredit has a wide range of financing options available, from 6
to 60 months, depending on the purchase amount. Additionally,
patients can use the CareCredit payment calculator to help estimate
their monthly payments based on the amount of care financed and the
financing option selected.
"Patient expectations are evolving and dental professionals need
to adapt their practices accordingly," said Josh Gosnell, Vice President of Revenue at Adit.
"Adit's seamless integration with other popular systems and
technologies, such as CareCredit, gives practitioners a leg-up in
overcoming these hurdles by transforming your practice, enhancing
patient care, and setting you up to thrive in today's ever-changing
landscape."
Synchrony, a leader in consumer lending for more than 90 years,
has also been a leading financial solutions provider in the dental
space with its CareCredit credit card for more than 35 years.
Today, CareCredit is accepted at more than 270,000 healthcare
provider and retail locations, including more than 117,000 dental
care locations. For more information, please visit
www.CareCredit.com.
About Adit
Founded in 2012, Adit
provides a suite of dental software products that help dental
practices manage their operations, improve patient communication,
boost production, and enhance patient care. Adit's
all-in-one dental software is used by dental practices across
the United States and around the
world.
About Synchrony
Synchrony (NYSE:
SYF) 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.
Media Contacts
Angela Ledford
ADIT
Angela@adit.com
Michelle Blaya Romero
Synchrony
Michelle.Blaya@syf.com
(626) 250-1415
1 CareCredit. October 19,
2023. Dental Lifetime of Care Study.
https://www.carecredit.com/providers/insights/dental-lifetime-of-care-study/
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SOURCE Synchrony