Synchrony Partners with Audibel to Offer CareCredit as Preferred Financing Solution for Hearing Health Care
Synchrony (NYSE: SYF) has announced a strategic partnership with Audibel to provide CareCredit financing solutions across Audibel's 1,000+ retail locations nationwide. The partnership makes CareCredit the first-look financing option for hearing health care services and devices at Audibel locations.
A recent Synchrony study revealed that while 70% of consumers prioritize hearing health, less than 10% visited an audiologist last year. The partnership aims to address this gap by offering flexible payment options, including installment loans for 12 to 60 months. CareCredit is currently accepted at over 11,000 audiology practices nationwide.
Synchrony (NYSE: SYF) ha annunciato una partnership strategica con Audibel per offrire soluzioni di finanziamento CareCredit in oltre 1.000 sedi al dettaglio in tutto il paese. La partnership posiziona CareCredit come opzione di finanziamento preferenziale per servizi e dispositivi di salute uditiva presso le sedi Audibel.
Uno studio recente di Synchrony ha rilevato che, sebbene il 70% dei consumatori dia priorità alla salute dell’udito, meno di 10% abbia visitato un audiologo nell’ultimo anno. L’obiettivo è colmare questo gap offrendo opzioni di pagamento flessibili, inclusi prestiti a rate per 12-60 mesi. CareCredit è attualmente accettato in oltre 11.000 studi audiologici in tutto il paese.
Synchrony (NYSE: SYF) ha anunciado una asociación estratégica con Audibel para ofrecer soluciones de financiación CareCredit en las más de 1.000 tiendas minoristas del país. La asociación sitúa a CareCredit como la opción de financiación de primera elección para servicios y dispositivos de salud auditiva en las ubicaciones de Audibel.
Un estudio reciente de Synchrony mostró que, aunque el 70% de los consumidores prioriza la salud auditiva, menos del 10% visitó a un audiologo el año pasado. La colaboración pretende cerrar esta brecha al ofrecer opciones de pago flexibles, incluidos préstamos a plazos de 12 a 60 meses. CareCredit se acepta actualmente en más de 11.000 prácticas de audiología en todo el país.
Synchrony (NYSE: SYF)가 Audibel과 전략적 파트너십을 발표하여 전국의 1,000개 이상 소매점에서 CareCredit 금융 솔루션을 제공합니다. 이 파트너십으로 Audibel 매장에서 귀 건강 서비스와 기기에 대해 CareCredit이 선호 금융 옵션이 됩니다.
Synchrony의 최근 연구에 따르면 소비자의 70%가 청력 건강을 우선시하지만 작년에는 10% 이하거나 그 이하가 청력학 의사를 방문했습니다. 이 협력은 12~60개월의 할부 대출을 포함한 유연한 결제 옵션을 제공해 이 격차를 줄이는 것을 목표로 합니다. CareCredit은 현재 전국의 11,000여 개의 청력학 진료소에서 이용 가능합니다.
Synchrony (NYSE: SYF) a annoncé un partenariat stratégique avec Audibel pour proposer des solutions de financement CareCredit dans les 1 000 magasins de détail à l’échelle nationale. Le partenariat fait de CareCredit l’option de financement privilégiée pour les services et les dispositifs de santé auditive dans les enseignes Audibel.
Une étude récente de Synchrony a révélé que, bien que 70% des consommateurs accordent la priorité à la santé auditive, moins de 10% se sont rendus chez un audiologue l’année dernière. Le partenariat vise à combler ce fossé en offrant des options de paiement flexibles, y compris des crédits à échéance de 12 à 60 mois. CareCredit est actuellement accepté dans plus de 11 000 cabinets d’audiologie à travers le pays.
Synchrony (NYSE: SYF) hat eine strategische Partnerschaft mit Audibel angekündigt, um CareCredit-Finanzierungslösungen in den landesweit 1.000+ Einzelhandelsstandorten bereitzustellen. Die Partnerschaft positioniert CareCredit als bevorzugte Finanzierungsmöglichkeit für Hörgesundheitsdienstleistungen und -geräte an Audibel-Standorten.
Eine aktuelle Synchrony-Studie zeigte, dass 70% der Verbraucher die Hörgesundheit priorisieren, aber weniger als 10% im letzten Jahr einen Audiologen aufsuchten. Die Partnerschaft zielt darauf ab, diese Lücke zu schließen, indem flexible Zahlungsoptionen angeboten werden, einschließlich Ratenkrediten für 12 bis 60 Monate. CareCredit wird derzeit in über 11.000 Hörgerätepraxen landesweit akzeptiert.
Synchrony (NYSE: SYF) أعلنت عن شراكة استراتيجية مع Audibel لتقديم حلول تمويل CareCredit عبر أكثر من 1,000 موقع بيع بالتجزئة على مستوى البلاد. تجعل الشراكة من CareCredit خيار التمويل الأول للرعاية الصحية السمعية والأجهزة في مواقع Audibel.
أظهر دراسة حديثة من Synchrony أنه بينما يولي 70% من المستهلكين أولوية لصحة السمع، فإن أقل من 10% زار أخصائي سمعيات العام الماضي. تهدف الشراكة إلى سد هذه الفجوة من خلال تقديم خيارات دفع مرنة، بما في ذلك القروض بالتقسيط لمدة 12 إلى 60 شهراً. يقبل CareCredit حالياً في أكثر من 11,000 عيادة سمعيات في جميع أنحاء البلاد.
Synchrony (NYSE: SYF) 宣布与 Audibel 建立战略合作伙伴关系，在全国 1,000 家以上零售门店提供 CareCredit 融资解决方案。此次伙伴关系使 CareCredit 成为 Audibel 门店在听力健康护理服务与设备上的首选融资选项。
Synchrony 的最新研究显示，尽管 70% 的消费者将听力健康列为优先，但去年只有不到 10% 的人访问了听力学家。此合作旨在通过提供灵活的支付选项来缩小差距，包括 12 至 60 个月 的分期贷款。目前 CareCredit 已在全国超过 11,000 家听力诊所 接受使用。
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Insights
Synchrony expands CareCredit reach through Audibel partnership, tapping into underserved hearing health market with 1,000+ new locations.
This partnership represents a strategic expansion of Synchrony's CareCredit platform into the growing hearing healthcare segment. The deal positions CareCredit as the first-look financing option across Audibel's 1,000+ retail locations nationwide, creating a meaningful distribution channel enhancement for Synchrony's healthcare financing products.
The market opportunity is substantial based on the cited research showing a significant gap between those experiencing hearing loss symptoms (20% of consumers) and those seeking professional care (less than 10%). This gap creates an addressable market that financing solutions could help bridge by removing financial barriers to treatment.
For Synchrony, this agreement expands their healthcare financing ecosystem beyond their current 11,000 audiology practices where CareCredit is already accepted. The diversified payment options (including installment loans ranging from 12 to 60 months) should drive incremental transaction volume and receivables growth in their Health & Wellness vertical.
The partnership aligns with Synchrony's strategy of embedding financing solutions at the point of healthcare decision-making. By integrating directly with a major hearing aid provider, they're positioning to capture financing revenue at the exact moment patients are making purchase decisions, potentially increasing conversion rates for higher-ticket hearing devices.
The need for hearing health support continues to grow. A recent Synchrony study showed about one in five consumers surveyed admitted to experiencing potential symptoms of hearing loss, yet less than
"Hearing plays a significant role in how we experience our lives, and particularly for how we connect with our loved ones," said Michael Tease, Audibel's Chief Retail Officer. "We know hearing health can have a major impact on overall physical and mental health, which is why I believe our partnership with Synchrony is so important. CareCredit has the potential to help people access the care that our Audibel teams offer and experience, firsthand, the life-changing hearing health devices that best meet their needs."
Audibel, with a foundation of collaborative efforts and groundbreaking technologies, provides patients with personalized hearing technologies and treatments, offering tailored solutions and devices suited for each patient's needs. At over 1,000 locations nationwide, Audibel connects patients with licensed hearing professionals through remote and in-person appointments to meet lifestyle needs and provide customized care.
"We've seen first-hand through our consumer insights that patients need additional financial resources to encourage them to pursue hearing care more proactively," said Amar Malik, Vice President and General Manager, Vision and Hearing at Synchrony. "Solutions like CareCredit ensure they can do so in a way that meets them where they are in their hearing care journey and works with their current financial situation, with clear and understandable resources and tools. We're excited to see the impact of our partnership with Audibel, extending our financing solutions to even more patients who can benefit from them."
The CareCredit credit card is accepted in more than 11,000 audiology and hearing practices across the country, including Audibel's retail locations, offering a convenient and reliable financing solution for qualified consumers. In addition to CareCredit, Synchrony will offer installment loan options for 12, 24, 36, 48, and 60 months. Synchrony's financing solutions, including installment loan products and CareCredit, empower people to pay for the health and wellness care they want or need in a way that works best for them.
Synchrony is providing the resources and tools to help educate patients on costs and the financial solutions they can use to plan and pay for care. To learn more about CareCredit and the company's Fair Financing Principles, please visit: www.carecredit.com. To learn more about Audibel visit the website for more information at https://www.audibel.com/.
About Audibel
Our mission at Audibel is to serve our patients better than anyone else. Compassion and service are at the heart of everything we do because improving your hearing experience is about more than a hearing aid. It's about a magical journey we take together; one where we learn the truth of your hearing loss – the good and the bad – and where we find innovative and imaginative means to restore the joy of hearing to you.
About Synchrony
Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.
Media Relations Contact:
Michelle Blaya Romero
Synchrony
Michelle.Romero@syf.com
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SOURCE Synchrony Financial
FAQ
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