CareCredit Forms Healthcare Advisory Council

a leading provider of promotional financing for healthcare, named three
experts to its newly created Healthcare Advisory Council, a group
designed to support and shape the innovative healthcare solutions
CareCredit is developing to address today’s healthcare challenges. The
Council will work alongside CareCredit’s executive leadership team to
provide insight on the continually changing medical payment landscape,
insurance coverage and the technology associated with the growing focus
on patient payments.

“With rising insurance premiums, increasing deductibles, and continual
growth in out-of-pocket costs across the board, patients today may face
real challenges when it comes to paying for healthcare,” said Dave
Fasoli, CEO of CareCredit and executive vice president of Synchrony.
“We are committed to tapping into the creative thinking and perspective
of industry leaders who can help us develop new approaches to help
patients and providers overcome today’s challenges in the medical space.”

The HealthCare Advisory Council brings a wide range of experience and
perspectives, representing insight from healthcare providers, payers,
consumers and policy experts. Joining this newly formed Council are:

Pat A. Basu — As a business leader and healthcare
entrepreneur, Dr. Basu has served as a senior executive in the
corporate, government, private equity and clinical sectors. A former
Stanford Physician and White House Advisor, Pat is currently a partner
at Chicago Pacific Founders Private Equity. He previously served as a
member of the executive leadership team of United Health Group and
Senior Vice President of Optum. He led 9,000+ team members and was
responsible for a $9 billion P&L including its physician practices and
population health businesses.

Steven Merahn — As a chief medical officer for
Centria Health, Dr. Merahn has successfully led efforts to meet Triple
Aim goals and transform organizations and communities. He’s a change
agent whose broad range of expertise in healthcare organization gives
him unique insights to help shape better outcomes for patients and
providers. His diverse industry experience has included work in
government, non-profit and corporate sectors including executive and
strategic leadership in communications, information services, and both
the provider and payer sides of the healthcare industry.

Welle-Powell — With over twenty years-experience in executive
healthcare positions within multi-state regions, and developing new
products and payment models with employers, carriers and state and
federal agencies. She is currently the chief population health officer
for Essentia Health and is responsible for working with market leaders
and community stakeholders to develop a community-based population
health and risk sharing model focused on early interventions, and payer
partnerships. Prior to Essentia, Debbie was the Vice President of
Accountable Care and Payer Strategy for SCL Health System.

“CareCredit has been helping patients with a way to pay for
out-of-pocket health and wellness costs for 30-plus years,” said Fasoli.
“The depth of leadership, talent and experience represented on the
CareCredit Healthcare Advisory Board will be instrumental in helping us
deliver effective solutions for the entire medical community.”

About CareCredit

For 30 years CareCredit, from Synchrony (NYSE: SYF),
has helped millions of people pay for needed and desired care and health
expenses. CareCredit is a health, wellness and personal care credit card
accepted through a national network of more than 200,000 healthcare
provider and select health-focused retailer locations. For more
information on CareCredit, call 800-300-3046 or visit
For more information about Synchrony visit


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