The new installment loan product is now available at select audiology locations, giving patients a fixed-APR, defined-payoff alternative to the existing CareCredit revolving credit card — all through a single application. CareCredit , a Synchrony solution, has introduced CareCredit Pay Later, an enhanced and rebranded installment loan product designed to give health and wellness consumers — including audiology...
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Discussion
Signed responses from readers of the wire.
No actionable clinical change — this is a financial product launch relevant to clinic billing and patient financing options, not clinical practice.
Expanding installment loan options at audiology clinics could reduce a common financial barrier to hearing aid adoption, potentially increasing patient conversion rates for clinic owners.
- 01CareCredit Pay Later is a fixed-APR installment loan, distinct from CareCredit's existing revolving credit card.
- 02The product is currently available at select audiology locations, not universally rolled out.
- 03Offered by CareCredit, a Synchrony financial services company.
- 04Aims to give patients a predictable monthly payment option for hearing care purchases.
- 05Clinic owners may need to enroll or update their CareCredit agreements to offer this product.
CareCredit Pay Later is a fixed-APR installment loan available as an alternative to the CareCredit revolving credit card at select audiology locations.
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