AAO 2023: CoFi company updates and partnership with CareCredit

Sean Hanlon, CEO of CoFi, spoke with Ophthalmology Times about company updates as well as their integration with CareCredit at this year's American Academy of Ophthalmology meeting.

Video Transcript

Editor's note - This transcript has been edited for clarity.

Sean Hanlon:

Hi, I'm Sean Hanlon. I'm the CEO of CoFi, and I'm here at the American Academy of Ophthalmology meeting in San Francisco. It's a terrific meeting. Very exciting. We're just getting started today. CoFi is a younger company, we're almost 4 years old, and we enable patients to pay multiple providers involved in a, in a procedure at 1 time. So for example, for a cataract procedure, the patient can pay the surgeon, surgery center and a comanaging optometrist in completely separate payments but all happening at once. We launched our product about 2.5 years ago and we're approaching 4,000 surgeons and optometrists on our platform and a growing number of surgery centers. And I'm really excited because the latest innovation at CoFi is an integration with CareCredit, which will be, which we've already announced, and will be rolling out starting January first. This integration is pretty innovative, it enables multiparty patient financing. So patients can have one financing event or one loan for an elective procedure, and each party compliantly receives their respective portion. So, again, the surgeon, the surgery center, comanaging optometrist, anesthesia provider. And so CareCredit is also very excited to be bringing this to market because it's something that their customers have been asking about for quite a bit of time.