BRENTWOOD, Tenn., Nov. 14, 2018 /PRNewswire/ -- MDsave, the
innovative online healthcare marketplace, announced today a
partnership with CareCredit, a health, wellness and personal care
credit card, to bring easy healthcare financing to their mission of
providing better cost transparency to patients.
Too often Americans are foregoing healthcare when faced with
high deductible costs. In fact, according to a Physicians
Foundation Report, 67 percent of consumers surveyed said they
or someone in their household are concerned about being able
to pay their medical bill.1 Since it launched in 2012,
MDsave has been committed to helping provide better and more
affordable healthcare to consumers by allowing patients to shop,
buy, and compare medical services through its platform.
As consumers face ever increasing healthcare costs, CareCredit,
a Synchrony solution, offers patients the ability to pay over time
for deductibles, co-pays, co-insurance and other out-of-pocket
healthcare costs. Providers receive guaranteed payment within two
business days with no recourse to the practice if the patient
delays or defaults on payment. Helping to reduce the billing
related constraints on administrative schedules, CareCredit can
free up valuable time to allow providers and their staff to focus
more on providing high-quality care and a positive patient
experience.
MDsave is able to provide its customers transparent,
easy-to-understand costs and savings of up to 60 percent on
healthcare expenses, further helping to ensure those who need care
have options to afford it. Partnering with CareCredit allows MDsave
customers to better control their expenses with flexible financing
options.
"MDsave is leading innovation in healthcare consumerization and
transactional transparency," said Paul
Ketchel, CEO and founder of MDsave. "Through our partnership
with CareCredit, we are able to better empower our patients by
improving affordability and access to healthcare services."
Taking the uncertainty out of shopping for health care when
there are out-of-pocket costs, MDsave and CareCredit will offer two
promotional financing options: zero interest if paid in full within
6 months or 24-month reduced APR and fixed monthly payments
required until paid in full. The process includes an easy credit
card application, and the promotional financing options provide
MDsave customers with a convenient way to pay for care with monthly
payments to help fit care into their budget.
"Our partnership with MDsave will help cardholders navigate the
ever-rising consumer responsibility for healthcare." Said Dave Fasoli, CEO CareCredit. "Through this
new relationship CareCredit continues to deliver increased utility
to our cardholders while working towards our goal of becoming a
comprehensive personal health and wellness solution."
About MDsave
MDsave is a healthcare technology company revolutionizing
how hospitals and health systems increase access for the
patient-consumer in an evolving market. The MDsave bundling
solution allows providers to offer affordable, transparent pricing
on complete episodes of care, increasing patient satisfaction while
reducing bad debt and issuing payment to providers within 7 days of
service. Through MDsave's patented collection software, patients
pay one upfront price for prospective or
retrospective care. MDsave empowers patients to take
control over their healthcare decisions and gives
hospitals a seamless way to collect from patients paying out of
pocket for procedures. For more information, visit MDsave.com.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services
company delivering customized financing programs across key
industries including retail, health, auto, travel and home, along
with award-winning consumer banking products. With more than
$130 billion in sales financed and
74.5 million active accounts, Synchrony brings deep industry
expertise, actionable data insights, innovative solutions and
differentiated digital experiences to improve the success of every
business we serve and the quality of each life we touch. More
information can be found at synchrony.com and through Twitter:
@Synchrony.
CareCredit, a Synchrony solution, is a health, wellness and
personal care credit card dedicated to helping people get the care
they want and need. For more than 30 years, CareCredit has helped
millions of people by offering promotional financing options with
convenient monthly payments. CareCredit is accepted at more than
210,000 locations for a wide variety of health and wellness
procedures, treatments, products and services.
1 The Physicians Foundation, "Physicians Foundation
Report: Patient Survey," May 2016
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SOURCE MDsave