CareCredit and Henry Schein Financial Services complete multiyear agreement
CareCredit will provide patient financing services and offer integrated solutions with Henry Schein’s dental practice management software programs, Dentrix and Easy Dental
CareCredit, a provider of promotional health-care financing through its health, wellness, and personal care credit card, has announced a new multiyear agreement with Henry Schein Financial Services, a subsidiary of Henry Schein Inc.
Under the new agreement, CareCredit will provide patient financing services and offer integrated solutions with Henry Schein’s dental practice management software programs, Dentrix and Easy Dental. The added feature will make it convenient for dental practices to offer financing options to help patients receive needed care and services. The alliance will also include comarketing programs and collaboration on prospective value-added services. The availability of the patient financing services will be promoted by Henry Schein’s field sales consultants.
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“This alliance brings together two respected brands that have collectively served the health-care profession for more than a century,” said Doug Hammond, senior vice president and general manager, CareCredit. “Partnering with Henry Schein and leveraging their credibility and expertise in serving healthcare professionals builds on our sales and technology strengths to provide comprehensive solutions and greater value to dental, veterinary and medical providers nationwide.”
CareCredit research shows the availability of financing options plays a key role in how patients approach their health-care decisions. According to Path to Purchase health-care research, more patients considered or researched financing (73%) than researched procedures or treatments (70%). (1) The same study showed the likelihood of patients applying for or using a health-care credit card increases as the cost of care increases. (1) Additionally, half of respondents (50%) who did not have a CareCredit credit card stated they would consider financing if it enabled them to purchase the health-care service, or related items, immediately. (1)
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“Health care today offers an increased array of treatment options to patients. For some, the biggest obstacle to obtaining treatment may be financing for elective or cosmetic procedures and services that may not be covered by insurance,” said Keith Drayer, vice president, Henry Schein Financial Services. “At Henry Schein, we offer an array of business solutions and our agreement with CareCredit further demonstrates our commitment to help our customers operate more efficient practices so they can focus on delivering quality patient care.”
Henry Schein Financial Services provides business solutions for health-care practitioners, including equipment leasing and financing, and practice credit card services, practice brokerage, practice valuations and practice transition and staffing services.
Editor’s note: This article is a version of a press release from CareCredit and Henry Schein dated January 19, 2017.
Reference
1. Path to Purchase Research. Study conducted by Rothstein Tauber Inc. on behalf of CareCredit. 2014.
