Why Financial Wellness in Healthcare?

Healthcare workers have unique financial wellness challenges, which can distract them from their most important job: patient care.

A clear opportunity for healthcare workers

81%

81% of women in healthcare report living paycheck to paycheck1

36%

36% of healthcare workers say their level of debt is ruining the quality of their lives2

42%

42% say it’s likely they’ll have to raid their retirement account for expenses not related to retirement3

Financial Wellness is Good for Your Organization

Bringing new financial wellness solutions to your workforce is a smart business decision that can help you align your benefits expenditures with your business goals, such as recruiting and retaining key talent. Workers who are less distracted by financial stress are more focused on delivering better patient outcomes.

Healthcare Workers Have Clear Financial Priorities

Healthcare workers, especially women, are struggling to reduce their debt, such a student loans. Meanwhile, more than a quarter of women in healthcare (27%) say they would have to borrow money to cover a $500 emergency.2 Finding new ways to help workers better manage their debt to improve their financial lives is a smart decision that can benefit your organization.

Five ways to Wow Healthcare Workers
Five ways to Wow Healthcare Workers - opens pdf in a new window

Offering a holistic financial wellness solution that includes tools, education and support can help your workers achieve financial wellness while strengthening your organization.

Driving better financial wellness outcomes

New financial wellness capabilities are now available to help your workers:

  • Lower or refinance student loan debt.
  • Build a financial roadmap and take action on specific financial goals, like building emergency savings.
  • Learn how to better manage their financial lives with educational webinars on topics such as budgeting and debt management.
  • Get easy access to retirement counselors in the event of retirement or a job change
Request your financial wellness upgrade now.

Why Partner with Prudential?

Prudential is committed to helping healthcare industry employers save money, improve cash flow, and attract top-level talent while driving better financial wellness outcomes for employees.

  • $18.9 billion in assets under management
  • 450,062 participants
  • 797 plans

Prudential Financial Retirement data as of 12/31/2018

Address the Financial Wellness Challenges of Your Workforce

Healthcare industry workers face unique challenges when it comes to financial wellness and saving for a financially secure future. By helping them solve for these challenges, you can strengthen your organization.

Connecting People to Financial Wellness: Selena

Getting her financial health in order helped this young doctor focus even more on the work she loves. See how her workplace became her wellness place.

Thought Leadership

Is Debt Ruining Your Employees' Financial Wellness?

Healthcare workers face unique challenges and financial stress when it comes to debt. Helping relieve some of that stress is a smart business decision.

Retirement is More at Risk for Women in Healthcare

Women in healthcare are struggling to achieve financial wellness.

5 Keys to implementing a Financial Wellness program

Design a financial wellness program with personalized offerings that aligns with your desired business outcomes, such as attracting and retaining talent.

Helping Employees Pay Off Student Loan Debt

College graduates are carrying substantial student loan debt into their working years, which can prevent them from adequately saving for retirement.

Increasing Workplace Security with Emergency Savings

A workplace emergency savings feature helps employees avoid raiding their 401(k) in an emergency. And, unused funds can become part of an employee’s retirement savings.

Exploring the Psychology Around Return to Work

Research shows that coping with a disability often involves more than physically adapting to an injury or illness. Therefore, employers and employees should focus on nurturing the right “return to work” mindset.

Student Loan Debt: Implications on Financial and Emotional Wellness

By borrowing from an informed position, students can understand the impact on their earnings power and their ability to achieve financial goals after graduation.

Closing the Retirement Income Gender Gap

Plan sponsors can help close the retirement income gender gap through customized plan design, participant engagement programs, and holistic education.

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