CareCredit Enters the Durable Medical Equipment Market with OxyGo Partnership

Multi-year agreement helps more patients finance oxygen modality care across the country

Monday, July 17, 2017 8:00 am EDT

Dateline:

COSTA MESA, Calif.

Public Company Information:

NYSE:
SYF

COSTA MESA, Calif.--(BUSINESS WIRE)--CareCredit will provide financing options for patients who need oxygen therapy care at nearly 20,000 providers across the country under a new, multi-year agreement with OxyGo, a leading provider for Oxygen therapy equipment and services.

CareCredit is a leading provider of promotional healthcare financing, serving millions of people each year.

“Entering this new market with a well-regarded partner aligns perfectly with our goal of helping people pay for the care they need when they need it,” said Greg Pierce, senior vice president and general manager, CareCredit. “Our agreement with OxyGo gives their providers a way to help people finance the equipment they need — with convenient, monthly payments — so they can maintain or regain their independence.”

CareCredit data shows the availability of financing options plays a key role in a family’s healthcare decisions. According to CareCredit Path to Purchase Research, 72% of individuals surveyed believe that a healthcare credit card allows them to be better prepared for their family’s needs and not delay care.*

"This new partnership will help patients live more independent and healthier lives,” said Dave Marquard, CEO & Founder of OxyGo. “Having the freedom to be on the go while you’re on oxygen can make a big difference. Now more patients will be able to get an OxyGo and/or OxyGo FIT portable oxygen concentrator, giving them greater independence when they need it.”

Additionally, this announcement further illustrates CareCredit’s expanding acceptance network into the durable medical equipment market. 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.

*CareCredit Path to Purchase – 2016

About CareCredit®

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 provider locations and select 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.

About OxyGo

OxyGo is a family of portable oxygen concentrators designed to keep oxygen patients going! OxyGo LLC is a part of Applied Home Healthcare Equipment, a family owned medical equipment manufacturer that has been helping patients on oxygen remain ambulatory since 1993. For more information visit www.oxygo.life.

FOR MORE INFORMATION

www.carecredit.com or Facebook.com/CareCredit or Twitter.com/CareCredit

©2017 CareCredit. All rights reserved.

Contact:

CareCredit:
David Salzman, 855-791-8007
vice president, communications
media.relations@carecredit.com
or
OxyGo:
Erin Clark, 440-716-9962
marketing coordinator
marketing@applied-inc.com

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