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Synchrony and Audibel Partnership

In a significant step towards improving access to audiology services, Synchrony, a leading consumer financial services company, has announced a new collaboration with Audibel. This partnership aims to deliver CareCredit, Synchrony’s dedicated healthcare financing credit card, as a preferred option for patients seeking hearing health solutions.

Synchrony’s CareCredit will be made available not just at Audibel’s retail locations but also online, making it easier for patients to manage their audiology expenses. This partnership comes at a crucial time; a recent study from Synchrony highlights that about 20% of surveyed individuals experience potential hearing loss symptoms. Yet, only a mere 10% consulted an audiologist in the past year. Moreover, while 70% acknowledge that hearing health is a priority, many hesitate to seek necessary tests due to cost concerns and the lack of symptoms.

Michael Tease, Chief Retail Officer at Audibel, emphasized the profound impact of hearing on human experience, underscoring the role it plays in relationships and overall well-being. Tease stated, "Hearing health can significantly influence both physical and mental health, and our alliance with Synchrony is integral to facilitating access to our services. With CareCredit, individuals can procure life-changing hearing devices and adjust their care strategies to align with their specific needs."

Audibel is renowned for offering patients personalized hearing care, integrating the latest technologies to cater to individual requirements. The company runs over 1,000 locations throughout the U.S., connecting clients with licensed hearing professionals who can provide care either in person or remotely. Amar Malik, Synchrony's Vice President and General Manager of Vision and Hearing, noted that their consumer insights indicate a critical gap in financial resources available to patients, which often discourages them from pursuing hearing health proactively.

Affordable Financing for Hearing Care
Synchrony aims to fill this gap through its CareCredit solution, which is accepted at more than 11,000 audiology practices nationwide, facilitating cost-efficient financing for consumers. This package includes options for installment loans with varied term lengths, providing flexibility in payment plans that cater to different financial situations. The company also commits to educating patients on the financial products available to them, ensuring they can manage their healthcare expenses effectively.

Synchrony’s partnership with Audibel is poised to catalyze an upward trend in proactive hearing care, empowering patients to prioritize their hearing health without financial strain. Both organizations believe that with enhanced access to financing, more individuals will be encouraged to undergo necessary audiological evaluations and invest in the devices that enable better hearing.

A Collective Mission
For Audibel, the mission extends beyond simply selling hearing aids; it’s about enriching lives and restoring the joy of hearing. Their ethos focuses on partnership with patients—guide them through understanding their unique hearing challenges while providing innovative solutions tailored to their lifestyles. Meanwhile, Synchrony, recognized as the second-best company to work for in America by Fortune magazine, has been a pivotal player in the financial sector for nearly a century, providing consumers with reliable financing products that support their diverse needs.

To find out more about CareCredit and the financing options available, visit CareCredit's website. For additional information on Audibel's offerings and to connect with a hearing professional, check out their website at Audibel.

Together, Synchrony and Audibel are reshaping the landscape of hearing health care financing, breaking down barriers and ensuring that financial aspects are no longer a hindrance for those in need of audiological assistance.