Synchrony bank expands into equine care
by Katie Pfaff
Financial services firm, Synchrony, now offers its CareCredit credit card to equine veterinary practices. The promotional financing credit card can be used for healthcare or veterinary care and is interest-free if paid within the promotional period and expands payment options for veterinary care.
Based on a 2020 survey by CareCredit, equine veterinarians cite better payment options as an important aspect they would like to improve in the practitioner-customer relationship. Further, the majority (75%) of veterinarians and Technion's fund financial conversation with customers negative.
"Research shows that one in three owners worry about their ability to pay for their horse's essential needs, which can be stressful. However, we also understand the passion of equine veterinarians and the financial challenges they face," said Jonathan Wainberg, general manager, Pets, Synchrony. "By empowering their customers with a financing solution that helps them pay over time, while also helping practices get paid quickly for care, we can alleviate the emotional and economic toll for both."
Synchrony also became an educational partner with the American Association of Equine Practitioners (AAEP). The collaboration will open educational resources on business management to equine practitioners.
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