Many healthcare workers, especially women, are struggling to reduce their debt. And the problem is only getting worse. In fact, the median medical school-related debt was $200,000 in 2018, up 4% from the year prior.1
Whether its student loan debt or other types of debt, this personal challenge of many healthcare workers intersects with the workplace in meaningful ways. Financial stress can distract workers from fully focusing on their primary goal: providing the best possible patient care.
But, this challenge can also be an opportunity for healthcare organizations. By giving workers the tools to help them reduce debt, prepare for emergencies, and access personalized support, an organization can align its business goals with its benefits expenditures. Not only will this help workers stay more focused on the job, it will also give organizations a strategic advantage when recruiting and retaining key talent, a major industry challenge.
You can make a big impact on your organization by bringing financial wellness to your workforce. If you invest in your people, they'll invest in you. Download the infographic below to learn more.