Synchrony, Sycle Expand Reach to Hearing Industry
Synchrony’s partnership with Sycle, disclosed Oct. 13, 2022, is being hailed as the latest
example of Synchrony’s “one-to-many” distribution strategy, following recent partnerships with
Fiserv’s Clover and Epic Systems, as the global finance leader expands reach across hundreds of
thousands of retailers, offices, and hospitals. In addition to providing a growth opportunity,
these partnerships allow Synchrony to reach more consumers with products while helping to
ensure providers can meet the demands of today’s changing consumer behaviors.
Greg Pierce, Senior Vice President and General Manager, Specialty, Synchrony, pointed out that
Synchrony has always focused on meeting the needs of its partners and their customers.
“Technology partnerships with leading organizations like Sycle are key to help providers ensure
they can meet the demands of today's changing consumer behaviors, Pierce said. “With this
offering, patients can get the right financing solution for them and obtain the hearing
technology they want and need to live connected lives.”
Joel Lockwood, President of Sycle, thanked Synchrony for the opportunity, stating a greater
number of patients will be able to access hearing solutions without compromising care. In
addition, he noted the integration will add to the overall value that Sycle practice management
platforms provide to hearing care professionals, “saving them more time and enabling them to
become more efficient so they can focus on delivering high quality care.”
Transforming audiology
Pierce and Lockwood noted the Synchrony and Sycle partnership will enable hearing industry
providers to tailor finance programs directly within Sycle’s practice management platform.
Combined capabilities will enable audiology providers to deploy a comprehensive set of
financing options, they added, from installment loan solutions to installment loans, facilitated
by CareCredit and Allegro Credit lending solutions.
Additionally, Synchrony and Sycle’s combined capabilities will automatically transfer patient
information during the Allegro Credit application process to create seamless onboarding for
both patient and provider, the partners explained. The accelerated process will enable
providers and medical clinic staff to complete several fields of information, click “submit,” and
receive credit decisions within seconds.
The Synchrony integration will also simplify patient authentication within the Sycle practice
management software by authenticating preapproved patients ahead of their scheduled
appointments, the companies stated, which enables providers to address potential cost
concerns before meeting with patients.
Seamless approval process
Sycle representatives additionally noted that Allegro Credit is widely known for service
excellence and innovation, and the Allegro Credit integration is available in both the private
practice and professional Sycle platforms. For additional information about Allegro Credit, or to
see a free demo of the new integration features on the platform, call or email Sycle
representatives at 888-881-7925 or support@sycle.net.
If you are interested in learning about how Allegro Credit can benefit your patients or practice,
or to enroll, call (800) 859-9975 and Press 6, Press 2, or visit http://www.carecredit.com.
Synchrony connects partners and consumers through a dynamic financial ecosystem, providing
a diverse set of financing solutions and innovative digital capabilities, designed to address
specific needs and deliver seamless, omnichannel experiences. For more information on the
company’s extensive line of financing products and services, visit www.synchrony.com and
follow the company on Twitter: @Synchrony.