McKnights Senior Living reporter, Aaron Dorman, recently sat down for an interview with Empeon’s Senior Content Manager, Mark Bochkis, to discuss the Empeon Keeper integration announced earlier this month.
Enjoy a few excerpts from the resulting article:
Concerns about salary are often the elephant in the room when it comes to staffing and retention issues in senior living and care. However, giving employees early access to their earned wages could make a huge difference.
A new software tool enables healthcare providers to offer this option, following a partnership between [human capital management software provider] Empeon, and Keeper, an earned wage access platform for healthcare workers.
Although the tool allows healthcare workers to get their paydays early, the process is termed “earned” wage, not “early,” because the pay is for work already completed and there are no extra interest charges or fees involved.
Nearly two-thirds of healthcare workers are living paycheck-to-paycheck, Empeon claims. While EWA doesn’t increase salaries, implementing that option extended nursing home caregivers’ tenure by 78 days, or 73%, one study found.
Earlier this year, Empeon partnered with compliance solutions company Showd.Me to offer clients a tool to expedite onboarding processes for potential caregiver hires.
Empeon is one of a number of software companies that have been talking up the importance of interoperability within the healthcare industry, and the need for data exchange to take place efficiently across platforms.
Read the full McKnights Senior Living article here.
Empeon, formerly ADS, was founded in 1998 to provide health systems with flexible, accurate, and punctual payroll solutions. Having expanded into the full gamut of Human Capital Management (HCM) solutions, the company’s software services streamline processes like talent acquisition, Human Resources, onboarding, time management, scheduling, and labor management. Empeon supports the healthcare sector in maximizing efficiency and minimizing risk through its enterprise-grade, customizable suite of people management tools. Learn more at https://empeon.com/
Keeper, a leading earned wage access (EWA) platform, was founded by healthcare industry veterans dealing with rising employee turnover rates. Keeper’s services are offered as a benefit to healthcare staff, as the platform provides caregivers with instant, early access to their earned income. Keeper is integrated into business payroll, making the process seamless for both employees and employers. More information can be found at Keeper’s website: https://www.keeperewa.com/