CareCredit, the health, beauty, and wellness card that helps members pay for personal care items with financing options, is now partnering with the American Med Spa Association and the Spa Industry Association to help medical spa patients pay for their treatments. Medical spas can now reach CareCredit’s 11 million members and offer clients an easier solution to completing payments.
“A patient comes in and they’re concerned about cost, and they want to get it done. But they are budgeting to make it happen, and instead of having to pay a lump sum payment they can pay for it over time,” says Amy Bond, vice president of marketing for CareCredit.
According to the American Med Spa Association (AmSpa) and the 2017 Medical Spa Industry Overview, the medical spa industry is a $3.97-billion-dollar industry, and the average medical spa generated $945,000 in revenue in 2016.
The CareCredit card was previously available for cosmetic surgery, but now clients can use if for minimally invasive procedures as well.
Medical spa professionals are profiting from offering minimally invasive treatments. In fact, according to Amspa’s overview, the top three revenue generating treatments for med spas include Botulinum Toxin A injections and facial fillers, esthetician services, and laser hair removal.
CareCredit is accepted at more than 200,000 providers across a range of wellness industries.