CareCredit, a patient financing provider based in Costa Mesa, Calif, has announced it has formalized a first-look patient financing agreement with Connect Hearing, allowing patients the opportunity to use the CareCredit credit card to finance their hearing care needs from preventive check-ups to hearing devices. Connect Hearing, with headquarters in Illinois, has a network of more than 300 hearing care centers across the country.

“Patients indicate the availability of financing can be instrumental when considering hearing care and solutions,” said Dave Fasoli, president and CEO of CareCredit. “This agreement allows for greater financing choices for Connect Hearing patients and also provides CareCredit’s nine million cardholders more options for their hearing care needs.”

According to the most recent CareCredit Cardholder Engagement Study,* 48 percent of cardholders surveyed said they would have postponed or not moved forward with a doctor’s complete healthcare recommendation if CareCredit had not been available.

“Connect Hearing is committed to helping people access better hearing and better living, and CareCredit helps us ensure our patients have financing options when they seek hearing loss solutions,” said Craig Cameron, CEO and president of Connect Hearing. “Their longstanding commitment to service excellence for providers and proven record of cardholder satisfaction were key factors into the decision to formalize our financing agreement.”

CareCredit, from Synchrony Financial, helps patients receive needed and desired care through its CareCredit health, wellness, and beauty credit card that can be used as a financing option for certain expenses not covered by insurance or to bridge payment when desired care exceeds insurance coverage. Connect Hearing is a growing division of Sonova, a provider of hearing health care solutions.

Source: CareCredit 

*Cardholder Engagement Study, Q4 2014, conducted for CareCredit by Chadwick Martin Bailey.