Medical Spa Insider

It's time to rethink how we approach healthcare affordability. 

In this episode of Medical Spa Insider, host Alex Thiersch welcomes back "The Godfather of CareCredit," Beto Casellas, Executive Vice President and CEO of Synchrony Health and Wellness. As the aesthetic industry shifts toward a holistic model of longevity and wellness, the question of affordability becomes paramount.

Beto discusses CareCredit's strategic collaboration with the Milken Institute, a non-partisan think tank, to research healthcare accessibility and financial literacy. They dive into the reality of American healthcare spending—noting that many consumers underestimate their costs by 1.5x—and introduce the concept of "Wealthspan," the financial stability required to support a long, healthy life. From new procedure calculators to fair financing principles, this conversation explores how transparency and planning can ensure patients get the care they need when they need it. Discussion points include:

• How CareCredit became partnered with the Milken Institute

• CareCredit's most recent statistics on patient costs and preparedness

• How longevity medicine has created a need for greater research into affordability

• A look at CareCredit's Procedure Calculator

• How to turn wellness from from an emergency expense into a regular budget item

• The principles and goals of CareCredit, Synchrony, and the Milken Institute moving forward