CareCredit’s footprint expands into physical therapy sector
COSTA MESA, Calif.--(BUSINESS WIRE)--CareCredit, a leading provider of promotional financing for healthcare, is pleased to announce a new multi-year agreement with Athletico Physical Therapy. This relationship provides patients of Athletico’s over 370 physical and occupational therapy facilities across the country full access to CareCredit’s health, wellness and personal care credit card.
This new agreement allows for greater financing choices for Athletico’s patients, and provides CareCredit’s 10 million cardholders with more options to pay for deductibles, copayments and out-of-pocket costs associated with physical therapy services. A growing sector, outpatient rehabilitation in the U.S. is a $29.6 billion industry, with physical therapy accounting for approximately 90 percent ($26.6 billion) of all outpatient rehabilitation spending.1
“For 30 years, CareCredit has been focused on helping patients get the care they want and need by providing financing options,” said Dave Fasoli, chief executive officer of CareCredit. “Physical therapy and rehabilitation services are an important part of the care equation, which is why we are proud to sign our first large physical therapy agreement with Athletico, a leader in this space.”
Patient financing can be crucial to helping patients receive the care they need. According to a CareCredit Cardholder Engagement Study2, 47 percent of cardholders surveyed said they would have postponed or not moved forward with the recommended care if CareCredit had not been available. When patients have a way to pay over time they are better prepared to proceed with the treatment or procedure.
“Building strong, healthy communities requires a team of outstanding healthcare professionals and service relationships,” said Mark Kaufman, CEO/President of Athletico. “Our new partnership with CareCredit allows us to fulfill our mission of delivering exceptional treatment in a manner that is both flexible and accessible for our patients.”
Additionally, this announcement further illustrates CareCredit’s expanding acceptance network into orthopedic rehabilitation and physical therapy. This growth is in response to cardholder feedback to continually enhance the utility of the CareCredit card by offering financing for a full-range of health and wellness services when and where they need it.
1 Physical Therapists Market Research Report, IBISWorld, Nov 2016.
2 CareCredit Cardholder Engagement Study, December 2016
For 30 years CareCredit, from Synchrony Financial (NYSE:SYF), has helped millions of people pay for needed and desired care and health expenses. CareCredit is a health, wellness and personal care credit card accepted through a national network of more than 200,000 healthcare providers and health-focused retailers. For more information on CareCredit, call 800-300-3046 or visit www.carecredit.com. For more information about Synchrony Financial visit www.synchronyfinancial.com.
Athletico Physical Therapy provides the highest quality orthopedic rehabilitation services to communities, employers and athletes in over 370 locations throughout nine states with more than 4000 employees. Athletico is committed to our patients and referring physicians through our patient-centric focus, positive work environment, attention to quality and high standard of care. Athletico measures patient outcomes and satisfaction and is dedicated to continuous improvement. Athletico was named #1 Workplace in Chicago, “Best Physical Therapy Practice in the Nation” by ADVANCE magazine, Top Workplace in the Nation and has been recognized as a leader in employee volunteering and charitable giving. Our services include physical and occupational/hand therapy, workers’ compensation, women’s health therapy, concussion management and athletic training. For more information, or to schedule a free injury screening, please visit www.athletico.com and follow us on Twitter at @athletico.
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