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Synchrony (SYF) Ties Up to Better Serve the Hearing Care Space
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Synchrony Financial (SYF - Free Report) recently collaborated with Minnesota-based customized hearing solutions provider Miracle-Ear. The partnership has paved the way for SYF’s Allegro Credit installment loan product to act as the primary patient financing solution that can be accessed by Miracle-Ear’s clients at its almost 300 corporate-owned stores.
The installment loan product extends fixed-term financing that can be repaid by patients in anticipated monthly payments. The hassle-free nature of applying for the installment loan while visiting a Miracle-Ear store and subsequently, the flexibility imparted to customers in choosing a convenient payment option in regards to their varied financial needs remains lucrative.
As the financing solution of Synchrony Financial is integrated within the practice management software of Miracle-Ear, it becomes easier for the latter’s provider team to issue a payment solution while discussions related to treatment suggestions remain underway.
In addition to gaining access to the installment loan product, Miracle-Ear customers can also avail benefits of SYF’s CareCredit health and wellness credit card. Boasting a solid presence in the healthcare space, CareCredit is best known for offering financing options equipped with monthly payments and is accepted by over 266,000 providers and health-focused retail locations across the United States for a wide array of health and wellness services.
The latest alliance reinforces Synchrony Financial’s efforts to expand the reach of hearing solutions, reduce the hurdles in the way of patients in availing quality hearing health care, achieve an optimal hearing level and thus, improve the overall health of patients. Miracle-Ear, backed by an extensive U.S. presence and a solid history of providing advanced hearing solutions for more than seven decades, seems to be the apt partner for complementing SYF’s endeavor.
Such partnerships show Synchrony Financial’s prudence and also bear testament to its efforts in establishing a strong footprint across the fast-growing hearing care market. Per the National Institutes of Health, more than one in 10 Americans aged 18 and above report hearing loss. The source further estimates that the usage of a hearing device can be of great help to almost 28.8 million adults.
Therefore, the availability of a suitable financing solution, which eliminates the need to make lumpsum payments without straining one’s finances, might boost the purchasing power of patients in need of quality hearing care. Synchrony Financial makes active efforts to offer enhanced credit products best suited for addressing evolving customer expectations and serving diversified industries. Thus, these steady efforts attract newer partners as well as retain existing ones, resulting in bolstered credit lines, increased repeat sales and a greater customer lifetime value for SYF.
Shares of Synchrony Financial have gained 12.6% in a year, compared with the industry’s 1.1% growth. SYF currently carries a Zacks Rank #3 (Hold).
The bottom line of Trustmark Corporation outpaced estimates in three of the last four quarters and missed once, the average surprise being 8.51%. The Zacks Consensus Estimate for TRMK’s 2023 earnings suggests an improvement of 5.4% from the year-ago reported figure, while the same for revenues suggests growth of 4.9%. The consensus mark for TRMK’s 2023 earnings has moved 11% north in the past 60 days.
Home Bancorp’s earnings outpaced estimates in two of the trailing four quarters and missed the mark twice, the average surprise being 5.76%. The Zacks Consensus Estimate for HBCP’s 2023 earnings suggests an improvement of 1.7% from the year-ago reported figure, while the same for revenues suggests growth of 4.8%. The consensus mark for HBCP’s 2023 earnings has moved 1.5% north in the past 60 days.
The bottom line of Ryman Hospitality outpaced estimates in three of the last four quarters and missed once, the average surprise being 14.36%. The Zacks Consensus Estimate for RHP’s 2023 earnings suggests an improvement of 12.1% from the year-ago reported figure, while the same for revenues suggests growth of 16.1%. The consensus mark for RHP’s 2023 earnings has moved north 2% north in the past 30 days.
The Ryman Hospitality stock has gained 25.6% in a year. However, shares of Trustmark Corporation and Home Bancorp have declined 24.4% and 3.5%, respectively, in the same time frame.
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Synchrony (SYF) Ties Up to Better Serve the Hearing Care Space
Synchrony Financial (SYF - Free Report) recently collaborated with Minnesota-based customized hearing solutions provider Miracle-Ear. The partnership has paved the way for SYF’s Allegro Credit installment loan product to act as the primary patient financing solution that can be accessed by Miracle-Ear’s clients at its almost 300 corporate-owned stores.
The installment loan product extends fixed-term financing that can be repaid by patients in anticipated monthly payments. The hassle-free nature of applying for the installment loan while visiting a Miracle-Ear store and subsequently, the flexibility imparted to customers in choosing a convenient payment option in regards to their varied financial needs remains lucrative.
As the financing solution of Synchrony Financial is integrated within the practice management software of Miracle-Ear, it becomes easier for the latter’s provider team to issue a payment solution while discussions related to treatment suggestions remain underway.
In addition to gaining access to the installment loan product, Miracle-Ear customers can also avail benefits of SYF’s CareCredit health and wellness credit card. Boasting a solid presence in the healthcare space, CareCredit is best known for offering financing options equipped with monthly payments and is accepted by over 266,000 providers and health-focused retail locations across the United States for a wide array of health and wellness services.
The latest alliance reinforces Synchrony Financial’s efforts to expand the reach of hearing solutions, reduce the hurdles in the way of patients in availing quality hearing health care, achieve an optimal hearing level and thus, improve the overall health of patients. Miracle-Ear, backed by an extensive U.S. presence and a solid history of providing advanced hearing solutions for more than seven decades, seems to be the apt partner for complementing SYF’s endeavor.
Such partnerships show Synchrony Financial’s prudence and also bear testament to its efforts in establishing a strong footprint across the fast-growing hearing care market. Per the National Institutes of Health, more than one in 10 Americans aged 18 and above report hearing loss. The source further estimates that the usage of a hearing device can be of great help to almost 28.8 million adults.
Therefore, the availability of a suitable financing solution, which eliminates the need to make lumpsum payments without straining one’s finances, might boost the purchasing power of patients in need of quality hearing care. Synchrony Financial makes active efforts to offer enhanced credit products best suited for addressing evolving customer expectations and serving diversified industries. Thus, these steady efforts attract newer partners as well as retain existing ones, resulting in bolstered credit lines, increased repeat sales and a greater customer lifetime value for SYF.
Shares of Synchrony Financial have gained 12.6% in a year, compared with the industry’s 1.1% growth. SYF currently carries a Zacks Rank #3 (Hold).
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Stocks to Consider
Some better-ranked stocks in the Finance space are Trustmark Corporation (TRMK - Free Report) , Home Bancorp, Inc. (HBCP - Free Report) and Ryman Hospitality Properties, Inc. (RHP - Free Report) . While Trustmark Corporation currently sports a Zacks Rank #1 (Strong Buy), Home Bancorp and Ryman Hospitality carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of Trustmark Corporation outpaced estimates in three of the last four quarters and missed once, the average surprise being 8.51%. The Zacks Consensus Estimate for TRMK’s 2023 earnings suggests an improvement of 5.4% from the year-ago reported figure, while the same for revenues suggests growth of 4.9%. The consensus mark for TRMK’s 2023 earnings has moved 11% north in the past 60 days.
Home Bancorp’s earnings outpaced estimates in two of the trailing four quarters and missed the mark twice, the average surprise being 5.76%. The Zacks Consensus Estimate for HBCP’s 2023 earnings suggests an improvement of 1.7% from the year-ago reported figure, while the same for revenues suggests growth of 4.8%. The consensus mark for HBCP’s 2023 earnings has moved 1.5% north in the past 60 days.
The bottom line of Ryman Hospitality outpaced estimates in three of the last four quarters and missed once, the average surprise being 14.36%. The Zacks Consensus Estimate for RHP’s 2023 earnings suggests an improvement of 12.1% from the year-ago reported figure, while the same for revenues suggests growth of 16.1%. The consensus mark for RHP’s 2023 earnings has moved north 2% north in the past 30 days.
The Ryman Hospitality stock has gained 25.6% in a year. However, shares of Trustmark Corporation and Home Bancorp have declined 24.4% and 3.5%, respectively, in the same time frame.