Synchrony Partners with IAHA to Enhance Pet Care Financing Across the US

Synchrony Joins Forces with IAHA to Promote Pet Healthcare Financing

In a significant move aimed at improving access to pet healthcare, Synchrony, a prominent consumer financial services provider, has partnered with the Independent Animal Hospital Association (IAHA). This collaboration will introduce Synchrony's CareCredit, a health and wellness credit card, to more than 500 independent veterinary practices across over 30 states. With the rise in pet ownership and the accompanying costs of veterinary care, this initiative comes at a crucial time, offering pet owners a flexible financial solution for their furry family members.

The partnership, announced during Small Business Month, underscores Synchrony's commitment to strengthening independent veterinary practices and acknowledges the essential role these facilities play in the delivery of quality veterinary care. By integrating CareCredit into the services offered by IAHA members, the association aims to empower veterinarians with financial tools that not only enhance their operational efficiency but also improve client relationships and patient outcomes.

As veterinary medicine continues to evolve, pet owners often find themselves faced with tightening budgets, especially when it comes to urgent medical treatments. CareCredit offers various financing options tailored to meet the diverse needs of pet owners, allowing them to better manage their pets' healthcare expenses. Short- and long-term repayment plans ensure that clients can choose the option that best aligns with their financial situations, creating a win-win for both pet owners and veterinary practices.

Jonathan Wainberg, Senior Vice President and General Manager in charge of pets at Synchrony, highlighted, “Our aim is to understand the unique challenges faced by independent animal hospitals and provide them with payment solutions that meet their clients' needs.” With nearly 65% of Synchrony’s veterinary partners being independent practices, the focus on bolstering these essential small businesses is evident.

Brent Dunbar, President of the IAHA, further elaborated on the benefits of this partnership. He remarked, “With the rising costs of veterinary care, flexible financing options through CareCredit allow our members to provide vital care to pets without placing undue financial stress on their clients.” This collaboration aims to bridge the gap between pet care and affordability, ensuring that pets receive timely and necessary treatments.

Pet owners are also given the ability to see if they prequalify for the CareCredit card without affecting their credit scores. The application process is simple; clients can apply on any smart device or via phone, with credit decisions typically provided within seconds. Once approved, funds can be utilized for various veterinary services, from routine vaccinations to emergency procedures.

CareCredit, which has been providing financing options for over 35 years, is already accepted at more than 27,000 veterinary practices across the United States, including all public veterinary schools. This accessibility ensures that pet owners can secure vital care for their pets throughout their lives.

Synchrony, recognized as one of the best companies to work for by Fortune magazine, remains dedicated to supporting the financial needs of consumers and businesses alike. Their efforts to partner with organizations like the IAHA reflect a broader commitment to making healthcare more accessible and paving the way for independent veterinary hospitals to thrive.

For more information about CareCredit and how it can benefit both pet owners and veterinary practices, visit carecredit.com.

About Synchrony

Synchrony (NYSE: SYF) has been a staple in American commerce and finance for nearly a century, offering credit and banking products that cater to diverse consumer needs across various sectors, including health, automotive, and retail.

About Independent Animal Hospital Association

The IAHA is dedicated to supporting independent veterinary practices across the United States, helping them maintain a competitive edge in a market increasingly influenced by larger corporate entities. With substantial resources and support, IAHA strives to empower its members and enhance the overall quality of care provided to pets.