Today, Henry Schein (NASDAQ:HSIC) and CareCredit, a solution from the publicly traded company Synchrony Financial (NYSE:SYF), announced the integration of CareCredit’s financing tool into Henry Schein’s Dentrix and Easy Dental practice management software solutions.
The goal of both companies is to increase financing options for patients, while improving practice efficiency. Henry Schein’s customers will now be able to process CareCredit transactions which automatically write back to the ledger. Information is then automatically transferred to the CareCredit application.
The streamlined process saves on administrative time as there are only a few fields required. Once completed, the treatment coordinator or someone in a similar position will receive a decision within the software in a matter of seconds. An added feature is that users can now lookup a card number when the patient does not bring it with them. “Integrating CareCredit into our practice management software solutions provides our customers with an easy-to-use tool they can rely on to enhance productivity, minimize downtime, and deliver solutions that make it easier for patients and pet owners to finance treatment,” said Stanley M. Bergman, Chairman of the Board and ChiefExecutive Officer of Henry Schein. “Our partnership with CareCredit is a win-win for practices, patients, and pet owners, and exemplifies Henry Schein’s commitment to helping practitioners deliver quality care and improve practice efficiency through the latest technology solutions.”