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Synchrony Continues Commitment to Supporting Independent Veterinary Practices Through Partnership with PSIvet

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Synchrony (NYSE: SYF) has announced that its CareCredit health and wellness credit card has been chosen as the preferred financing solution for PSIvet, a group purchasing organization supporting over 5,500 independent veterinary practices nationwide. This partnership aims to provide veterinary practitioners with tools to offer high-quality care and give pet parents convenient financing options.

CareCredit will be integrated into PSIvet's personalized business-enhancing solutions for member practices. The partnership is expected to help streamline financial workflows, reduce accounts receivable, and improve cash flow for veterinary practices. For pet owners, CareCredit offers financing options for various veterinary services, with the ability to prequalify instantly without impacting their credit score.

Synchrony (NYSE: SYF) ha annunciato che la sua carta di credito per la salute e il benessere CareCredit è stata scelta come soluzione di finanziamento preferita per PSIvet, un'organizzazione di acquisto di gruppo che supporta oltre 5.500 studi veterinari indipendenti a livello nazionale. Questa partnership mira a fornire agli operatori veterinari strumenti per offrire cure di alta qualità e offrire ai genitori di animali opzioni di finanziamento convenienti.

CareCredit sarà integrato nelle soluzioni personalizzate di PSIvet per migliorare le attività dei membri. Si prevede che la partnership aiuterà a snellire i flussi di lavoro finanziari, ridurre i crediti da riscuotere e migliorare il cash flow per le pratiche veterinarie. Per i proprietari di animali domestici, CareCredit offre opzioni di finanziamento per vari servizi veterinari, con la possibilità di ottenere una prequalifica istantaneamente senza influire sul loro punteggio di credito.

Synchrony (NYSE: SYF) ha anunciado que su tarjeta de crédito CareCredit para salud y bienestar ha sido elegida como la solución de financiamiento preferida para PSIvet, una organización de compras que apoya a más de 5,500 clínicas veterinarias independientes en todo el país. Esta asociación tiene como objetivo proporcionar a los veterinarios herramientas para ofrecer atención de alta calidad y ofrecer a los dueños de mascotas opciones de financiamiento convenientes.

CareCredit se integrará en las soluciones personalizadas que PSIvet ofrece para mejorar las prácticas de sus miembros. Se espera que la asociación ayude a optimizar los flujos de trabajo financieros, reducir las cuentas por cobrar y mejorar el flujo de caja para las prácticas veterinarias. Para los dueños de mascotas, CareCredit ofrece opciones de financiamiento para varios servicios veterinarios, con la posibilidad de precalificarse instantáneamente sin afectar su puntaje de crédito.

Synchrony (NYSE: SYF)는 CareCredit 건강 및 웰니스 신용 카드PSIvet의 선호 금융 솔루션으로 선택되었음을 발표했습니다. PSIvet는 전국에 5,500개 이상의 독립 수의학 병원을 지원하는 그룹 구매 조직입니다. 이 파트너십은 수의사에게 고품질 치료를 제공할 수 있는 도구를 제공하고 반려동물 부모에게 편리한 금융 옵션을 제공하는 것을 목표로 합니다.

CareCredit는 PSIvet의 회원 실무를 위한 맞춤형 비즈니스 개선 솔루션에 통합될 것입니다. 이 파트너십은 금융의 흐름을 간소화하고 외상 매출금을 줄이며 수의학 병원의 현금 흐름을 개선하는 데 도움을 줄 것으로 예상됩니다. 반려동물 소유자에게 CareCredit는 다양한 수의학 서비스에 대한 금융 옵션을 제공하며, 신용 점수에 영향을 주지 않고 즉시 사전 자격을 얻을 수 있는 기능을 제공합니다.

Synchrony (NYSE: SYF) a annoncé que sa carte de crédit CareCredit pour la santé et le bien-être a été choisie comme solution de financement préférée pour PSIvet, une organisation d'achat de groupe soutenant plus de 5 500 pratiques vétérinaires indépendantes à travers le pays. Ce partenariat vise à fournir aux vétérinaires des outils pour offrir des soins de haute qualité et à offrir aux propriétaires d’animaux des options de financement pratiques.

CareCredit sera intégré aux solutions commerciales personnalisées de PSIvet pour les pratiques membres. Ce partenariat devrait aider à rationaliser les flux de travail financiers, à réduire les créances et à améliorer le flux de trésorerie pour les pratiques vétérinaires. Pour les propriétaires d'animaux, CareCredit propose des options de financement pour divers services vétérinaires, avec la possibilité de préqualifier instantanément sans impacter leur score de crédit.

Synchrony (NYSE: SYF) hat angekündigt, dass ihre CareCredit-Gesundheits- und Wellness-Kreditkarte als bevorzugte Finanzierungslösung für PSIvet ausgewählt wurde, eine Einkaufsgemeinschaft, die über 5.500 unabhängige Tierarztpraxen im ganzen Land unterstützt. Diese Partnerschaft zielt darauf ab, Tierärzten Werkzeuge zur Verfügung zu stellen, um qualitativ hochwertige Pflege anzubieten und Haustierbesitzern bequeme Finanzierungsoptionen zu bieten.

CareCredit wird in die personalisierten Geschäftslösungen von PSIvet für Mitgliedspraxen integriert. Es wird erwartet, dass die Partnerschaft hilft, finanzielle Arbeitsabläufe zu optimieren, Forderungen zu reduzieren und den Cashflow für Tierarztpraxen zu verbessern. Für Haustierbesitzer bietet CareCredit Finanzierungsmöglichkeiten für verschiedene tierärztliche Dienstleistungen, mit der Möglichkeit, sich sofort vorzqualifizieren, ohne die Kreditwürdigkeit zu beeinflussen.

Positive
  • Partnership with PSIvet expands CareCredit's reach to over 5,500 independent veterinary practices
  • Potential for increased revenue through streamlined financial workflows and improved cash flow for veterinary practices
  • Instant prequalification process for pet owners may lead to higher adoption rates of CareCredit
Negative
  • None.

CareCredit Named Preferred Financing Solution for PSIvet Members, Extending Access to Convenient Financing Options 

STAMFORD, Conn., Oct. 1, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer finance company, is a strong supporter of independent veterinary practices and their roles in the communities they serve. Today, the company has announced that its CareCredit health and wellness credit card was selected as the preferred financing solution for PSIvet, a group purchasing organization (GPO) that works to strengthen, support and advocate for more than 5,500 independent veterinary practices nationwide. 

"Synchrony shares PSIvet's goal of helping to provide veterinary practitioners with the tools they need to offer pets and pet parents the highest level of care possible," said Boo Larsen, SVP & General Manager, Veterinary and Pet Care, Synchrony. "This partnership will give PSIvet members the opportunity to offer CareCredit's convenient financing options to their clients, giving pet parents confidence in their payment options and helping veterinary practitioners focus on providing optimal care." 

PSIvet Practice Consultants work closely with veterinary members to create a personalized, adaptable configuration of business-enhancing solutions, which now includes financing offerings from CareCredit.

"At PSIvet, we work hand-in-hand with our independent veterinarian practices, giving them the business tools to stay competitive, grow and service pet parents every day," said Laura Vickers, President of PSIvet. "That's why we are so excited to team up with CareCredit to help provide pet parents and veterinary practitioners peace of mind when it comes to providing and financing pet healthcare."

CareCredit partners with veterinary practices to help streamline financial workflows and payment processes, helping reduce accounts receivable and improve cash flow. For pet owners, CareCredit is a valuable financing option for all types of veterinary services, treatments and diagnostics, helping to give pet owners peace of mind and the confidence that they are ready to care for their beloved pets throughout their lifetime. CareCredit is offered in more than 25,000 veterinary practice locations across the U.S 

Pet parents looking for a convenient way to pay for their animal's care can quickly see if they prequalify for the CareCredit credit card in real time on any smart device with no impact to their credit score. They will receive an instant credit decision, and upon approval they can use their account to pay the veterinarian right away. CareCredit offers promotional financing options and provides a user-friendly online calculator that makes it easy for pet owners to quickly estimate monthly payments. For more information, please visit www.carecredit.com

About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners." We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to customers in their channel of choice. For more information, visit www.synchrony.com.

About PSIvet
PSIvet is a trusted advocate for independent veterinary practices with comprehensive, proprietary solutions that help its members save on pharmaceuticals and other animal health supplies, healthcare and other programs geared to strengthen their practices, and assist them to make smarter business decisions. Unlike traditional GPOs that provide limited support, PSIvet offers integrated services including purchasing programs, business services, professional development, training and technology solutions to deliver unmatched value, to help members successfully compete with corporate hospitals, big-box stores and online retailers. To learn more, visit www.psivet.com. If you have questions, please contact us at (888) 275-6523 or email us at contact@psivet.com.  

Contact
Michelle Blaya Romero
Synchrony
626-250-1415
Michelle.Romero@syf.com

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SOURCE Synchrony Financial

FAQ

What is the new partnership between Synchrony (SYF) and PSIvet?

Synchrony's CareCredit has been selected as the preferred financing solution for PSIvet, a group purchasing organization supporting over 5,500 independent veterinary practices nationwide.

How does the CareCredit partnership benefit PSIvet member veterinary practices?

The partnership aims to streamline financial workflows, reduce accounts receivable, and improve cash flow for veterinary practices, while providing convenient financing options for pet owners.

What financing options does CareCredit (SYF) offer for pet owners?

CareCredit offers promotional financing options for various veterinary services, treatments, and diagnostics. Pet owners can prequalify instantly without impacting their credit score and use an online calculator to estimate monthly payments.

How many veterinary practice locations offer CareCredit (SYF) in the U.S.?

CareCredit is offered in more than 25,000 veterinary practice locations across the United States.

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