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The new partnership is designed to help practices expand services to patients who may have high out-of-pocket costs.
Health, wellness, and personal care credit company CareCredit has announced a new partnership with dental patent engagement company RevenueWell. The partnership was designed to help practices provide care to more patients.
Facing out-of-pocket costs is a real concern for dental patients, and can even prevent some patients from seeking treatment. In an effort to face this challenge head-on, RevenueWell has integrated the CareCredit Quickscreen™ product, which allows practices to communicate the availability of financing options. With this feature, practices can determine which patients on the schedule have an existing CareCredit credit card or which patients are pre-approved without impacting their credit report, all without leaving the RevenueWell platform. This allows patients to spread out their payments over time, while practices are reportedly able to get paid in 2 business days.
“Oftentimes, patients may delay or decline recommended treatment because of unspoken cost concerns,” said Doug Hammond, senior vice president, and general manager at CareCredit. “By partnering with RevenueWell and integrating Quickscreen, we hope to provide doctors and their teams with a simple, easy way to see who is pre-approved for special financing options so that they can comfortably communicate the benefits of CareCredit and encourage patients to move forward with needed care.”
“We are excited to join forces with CareCredit to provide our practices an additional resource to increase case acceptance while giving patients an additional financing option for their oral healthcare needs,” said Alex Nozdrin, chief marketing officer at RevenueWell.”
Carecredit is a Synchrony solution and a leading provider of promotional financing to consumers for health, veterinary, and personal care procedures, services, and products. Carecredit is accepted at more than 240,000 locations. For more information, visit carecredit.com/hfma.