December 15, 2020, 2:15 PM EST
RevSpring and CareCredit Collaborate to Provide Patient Financing Option
Integration of CareCredit in RevSpring’s PersonaPay™ Payment Portal Extends Financing Option for Out-of-Pocket Expenses Not Covered by Medical Insurance
Livonia, Mich. (December 15, 2020)—RevSpring, the leading provider of patient engagement and payment solutions, and CareCredit, a Synchrony Solution and leading provider of promotional financing to healthcare consumers, today announced the integration of the CareCredit credit card application and payment option within RevSpring’s PersonaPay payment portal. CareCredit adds to the seamlessly integrated financing options available through PersonaPay, that allow qualified patients to instantly access credit to pay for a wide range of healthcare expenses.
CareCredit is a health and wellness credit card accepted at more than 240,000 U.S. healthcare providers, health systems and retail locations for medical care and other specialties including dentistry, vision care and LASIK, hearing care, cosmetic and dermatology procedures, pharmacies and veterinary care. The CareCredit card also can be used to pay for out-of-pocket expenses including copays, coinsurance and deductibles, with promotional financing available on purchases of $200 or more that may not be available with general purpose credit cards. Credit decisions are provided instantly.
RevSpring senior vice president of payment applications Casey Williams noted that the integration with CareCredit also benefits providers. “Providers using our PersonaPay portal now can proactively engage patients with another payment option, making it easier and faster for consumers to make payment decisions about healthcare and related services. With many people experiencing financial strain now, we’re pleased to partner with CareCredit to provide a unique, integrated payment solution without creating extra work or expense for providers.”
CareCredit Health Systems general manager Shannon Burke said the partnership with RevSpring will make it extremely easy for patients whose providers already use PersonaPay to access streamlined credit transactions. “There are 12.4 million open CareCredit accounts. Cardholders appreciate this fast, flexible, and user-friendly option for paying for healthcare costs.”
RevSpring leads the market in financial communications and payment solutions that inspire patients to participate in and pay for their healthcare. The company has built the industry’s most comprehensive and impactful suite of patient engagement, OmniChannel communications and payment solutions backed by behavior analysis, propensity-to-pay scoring, contextual messaging, and user experience best practices. Using proprietary data to tailor the engagement from pre-service to post-service, RevSpring improves the financial experience and outcomes for providers and their patients. To learn more, visit revspringinc.com/healthcare.
CareCredit, a Synchrony solution, is a leading provider of promotional financing to consumers for health, veterinary and personal care procedures, services and products. For more than 30 years, CareCredit has helped millions of people by offering special financing options with convenient monthly payments. CareCredit is accepted at more than 240,000 locations for a wide variety of health and wellness procedures, treatments, products and services. More information can be found at carecredit.com.
Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, and healthcare providers. Synchrony is changing what’s possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions. For more information, visit synchrony.com and Twitter: @synchrony.