Prime Healthcare and Synchrony extend their funding

ByDavid M. Conte

Oct 26, 2021

Healthcare provider Prime Healthcare and financial services company Synchrony on Tuesday, October 26, launched a collaboration that allows Prime patients to pay for medical appointments over time through Synchrony’s CareCredit credit card.

“Patient care will always be our number one priority,” said Sunitha Reddy, vice president of operations at Prime Healthcare, in the joint announcement. “Integrating healthcare delivery with revenue cycle management is essential in an increasingly consumer-driven healthcare market.

“Implementing CareCredit solutions allows us to offer flexible healthcare financing options that can help meet the unique and evolving needs of our patients while improving their well-being and experience,” said Reddy .

Prime Healthcare currently has 45 hospitals in 14 states, where the healthcare credit card will be available for pre-care, point-of-care and after-care payments for qualified patients.

Members can apply for the Synchrony CareCredit card on their mobile devices, computers, in their provider’s office or over the phone, receiving a decision in seconds. If successful, they can pay their bills in long and short term installments immediately after getting their cards.

Funding options include deferred interest if paid in full within six, 12, 18, or 24 months, and a reduced APR with fixed monthly payments for 24, 36, 48, or 60 months.

“Synchrony’s CareCredit credit card was founded over 30 years ago to help people pay for the health care they need or want for themselves and their families,” said Alberto Casellas , Managing Director of Synchrony’s Health and Wellness, in the joint announcement.

“As direct healthcare spending continues to rise, patients are looking for providers who can handle both the clinical and financial aspects of their healthcare experience,” said Casellas. “Our partnership with Prime Healthcare will help Prime Healthcare patients pay for the care they need while streamlining the healthcare system’s payment processes and financial workflows. “

Related: Synchrony and Fiserv Extend Partnership to Offer Merchants Synchrony Payment and Funding Options Through Clover

Earlier this month, Synchrony expanded its collaboration with Fiserv with a new agreement that allows small businesses to access Synchrony’s products and services and accept credit card payments, through the point platform. Fiserv’s Clover Sales Office.

Synchrony customers will also be able to access the company’s products, including revolving credit and short- and long-term installment loans, while the two companies will look for new ways to sell Synchrony products to merchants already using Clover. .

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