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Breaking Down Barriers: How Loan Assistance Can Advance DEI in Healthcare

Diversity, equity, and inclusion (DEI) are critical priorities for healthcare organizations striving to create a more representative and equitable workforce.
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Navigating Compliance and Tax Advantages of Student Loan Repayment Benefits

For nonprofit healthcare systems, attracting and retaining skilled professionals is an ongoing challenge. Student debt remains a significant financial burden for many healthcare workers, particularly nurses, physicians, and other essential staff.
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How Much Are You Losing to Nurse Turnover? The Financial Impact of Unaddressed Student Debt

Nurse turnover is one of the most expensive challenges facing non-profit health systems today. While salary and workload are often cited as primary reasons for nurses leaving, one overlooked factor is student loan debt—and it’s costing hospitals millions.
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The Role of PSLF in Nonprofit Hospital Recruitment & Retention

For nonprofit hospitals facing ongoing staffing shortages, attracting and retaining top healthcare talent is a growing challenge.
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Tuition Reimbursement vs. Student Loan Repayment: Which Delivers Better ROI?

For years, nonprofit hospitals have offered tuition reimbursement as a way to attract and retain top talent. The logic is simple: invest in employees’ education, and they’ll invest their skills back into the organization.
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The Importance of Retirement Planning: What Frontline Staff Need to Know

Frontline hospital staff often focus on managing day-to-day financial needs, such as paying bills, buying essentials, or addressing unexpected expenses. However, this can lead to neglecting an equally vital aspect of financial health—retirement planning.
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Building Loyalty with Long-Term Incentives in Non-Profit Healthcare

In the high-turnover environment of non-profit healthcare, retaining skilled professionals is a persistent challenge. Competitive salaries are difficult to offer given budget constraints, making long-term incentives an essential tool for fostering loyalty and reducing attrition.
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Optimizing Revenue Cycle Management to Boost Financial Performance in Hospital Systems

Efficient revenue cycle management (RCM) is a critical component in enhancing the financial health of hospital systems. For CFOs, improving cash flow and maintaining profitability are top priorities, especially given the increasing complexities of healthcare reimbursement.
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Creating Career Pathways for Educators: Professional Growth as a Retention Strategy

The teacher retention crisis remains a significant challenge for U.S. public charter high schools. Many educators leave due to limited professional growth opportunities. According to the Learning Policy Institute, nearly one in ten teachers leaves the profession annually, often citing a lack of career advancement as a primary reason.
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The Future of Healthcare Benefits: What Emerging Workforce Trends Mean for HR Leaders

The healthcare workforce is evolving, and so are employee expectations around benefits. With younger generations entering the field, HR leaders in non-profit hospitals must rethink their approach to total rewards. Today’s employees prioritize financial wellness, flexibility, and career growth just as much as traditional compensation.
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The True Cost of Financial Stress in Healthcare Workforces—and How PSLF Can Help

The escalating cost of higher education has left healthcare professionals burdened with significant student debt. According to the Association of American Medical Colleges (AAMC), the median student loan debt for medical school graduates in 2024 was $205,000, while many nurses, therapists, and other healthcare workers ...
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Childcare and College Costs: Financial Planning for Healthcare Families

For healthcare professionals, balancing demanding work schedules with family expenses can be a significant challenge.
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The Importance of Total Rewards Packages in a Competitive Labor Market

The healthcare sector is facing a critical workforce shortage, with hospitals and healthcare systems competing for skilled professionals in an increasingly tight labor market.
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Financial Wellness Benefits That Drive ROI in Healthcare

In the evolving landscape of healthcare talent management, Chief Financial Officers (CFOs) face a growing challenge: balancing cost containment with competitive benefits that attract and retain skilled employees.
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How Nurse Practitioners Can Manage Student Loans While Advancing Their Careers

Nurse practitioners (NPs) often face the challenge of managing student loan debt while pursuing further education and career advancement. Whether you're considering a Doctor of Nursing Practice...
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Addressing Michigan’s Mental Health Workforce Shortage: How Loan Forgiveness Can Help

Michigan is facing a critical shortage of mental health professionals, leaving many communities without access to essential behavioral health services.
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The Financial Impact of Employee Turnover in Healthcare: How Student Loan Benefits Can Reduce Costs

Employee turnover is one of the most pressing financial challenges for CFOs of non-profit hospital systems. With turnover rates exceeding 22% for hospital staff, the cost of replacing nurses, physicians, and other healthcare professionals is staggering.
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Maximizing Recruitment through Innovative Benefits in Healthcare

Recruitment in the healthcare sector has become increasingly challenging due to the high demand for skilled professionals and a competitive job market. As Chief Human Resources Officers (CHROs),
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How Flexible Work Policies Enhance Benefits Offerings

In today’s healthcare landscape, flexible work policies are not just a perk—they are an essential component of a competitive benefits package.
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Affordable Self-Care: Managing Burnout Without Breaking the Bank

Healthcare work is demanding—long shifts, high-pressure environments, and emotional intensity can take a toll on even the most dedicated professionals.
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Student Loan Forgiveness for Teachers: What You Need to Know About Your Options

Teachers play a crucial role in shaping the future, and while their work is incredibly rewarding, it often comes with financial challenges, including managing student loan debt.
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How Transportation Benefits Can Ease the Burden for Hospital Staff

For many hospital workers, the journey to and from work is more than just a commute—it’s a daily challenge. Irregular shifts, rising transportation costs, and limited public transit options during off-peak hours create significant stress for healthcare professionals.
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Understanding Your Paycheck: Demystifying Taxes, Benefits, and Deductions

Your paycheck is more than just a number—it’s a roadmap to your financial health. Yet for many hospital workers, the complexity of pay stubs due to shift differentials, overtime, and benefits can feel overwhelming.
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How to Create a Budget and Stick to It: A Step-by-Step Guide

Budgeting is an essential skill for achieving financial stability and reaching your long-term financial goals.
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How Employer-Funded Student Loan Repayment Programs Drive Retention

Student loan debt remains a significant financial burden for healthcare workers, especially nurses and early-career professionals.
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Navigating Healthcare Consolidation: Practical Strategies for CEOs Leading Mergers and Acquisitions

Healthcare consolidation is a defining trend in the industry, with hospital systems increasingly relying on mergers and acquisitions (M&A) to bolster financial stability, broaden service offerings, and achieve economies of scale.
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Responding to Employee Feedback: Evolving Benefits to Meet Changing Needs

In today’s dynamic healthcare environment, retaining top talent is a constant challenge for non-profit hospitals.
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Financial Wellness and Mental Health: Breaking the Cycle of Stress

Financial stress is a silent burden affecting many healthcare workers, particularly in non-profit hospital systems.
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Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs): A Guide to Boosting Employee Engagement

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are valuable financial tools that help employees manage out-of-pocket healthcare costs.
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Creating Healthy Financial Habits: Small Changes That Make a Big Impact

Developing healthy financial habits is essential for achieving long-term financial wellness. Small, sustainable changes in your financial behavior can lead to significant improvements over time, allowing you to build a secure financial future without the stress of drastic lifestyle changes.
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Using Data to Drive Benefits Strategy: How Hospital HR Leaders Can Leverage Analytics for Better Outcomes

In today’s rapidly evolving healthcare environment, data-driven decision-making is essential for optimizing benefits programs.
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Financial Wellness at Work: How Employers Can Support Employee Financial Health

Financial stress is a significant challenge for many employees, leading to decreased productivity, job satisfaction, and overall well-being.
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Highlighting the Heartbeat of HR: A Conversation with CHRO Steve Colestock

At PeopleJoy, we believe that the role of a Chief Human Resources Officer (CHRO) is fundamental to the success and well-being of any organization.
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Exploring Flexible Benefits Plans for Diverse Healthcare Teams: Customization in Rewards

Hospitals today employ a diverse and multi-generational workforce that includes baby boomers, Generation X, millennials, and even Generation Z.
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The Connection Between Financial Wellness and Mental Health: Why Money Matters

Financial stress is a major contributor to mental health issues, including anxiety and depression. The pressure to manage debts, meet monthly expenses, and save for the future can create a significant emotional burden...
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Advancing Nurse Leadership: Developing the Next Generation of Nurse Leaders

As a Chief Nursing Officer (CNO), you play a critical role in shaping the future of nursing leadership within your organization.
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Debt-Free Living: Strategies for Achieving Financial Freedom

Living with debt can be a significant barrier to financial wellness and peace of mind. It can limit your financial options, create stress, and delay important life goals like buying a home or saving for retirement.
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Investing for Financial Wellness: How to Make Your Money Work for You

Investing is an essential component of financial wellness, enabling you to grow your wealth over time and achieve long-term financial security.
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Building Wealth While Paying Off Student Loans: A Guide for Doctors

For many doctors, the road to financial independence can feel daunting, especially with the weight of student loan debt.
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Designing Competitive Benefits Packages for Hospital Staff: Key Trends in Healthcare Compensation

In today's competitive healthcare landscape, hospitals face increasing challenges in attracting and retaining top talent. With ongoing staffing shortages, the need for innovative and comprehensive benefits packages has never been greater.
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Emergency Funds and Financial Wellness: Why You Need One and How to Build It

An emergency fund is a fundamental component of financial wellness, providing a safety net for unexpected expenses such as medical bills, car repairs, or sudden job loss.
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The Financial Impact of Telemedicine: Costs, Revenue, and ROI

Telemedicine has become a pivotal tool in modern healthcare, especially following the COVID-19 pandemic.
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Retirement Planning and Financial Security for Healthcare Workers: Optimizing 403(b) and 401(k) Programs

Retirement security is a significant concern for many healthcare workers, especially as they face the financial stress of student loans, cost-of-living increases, and the unique demands of their profession.
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How to Build a Financial Wellness Plan: Step-by-Step Guide to Securing Your Future

Creating a financial wellness plan is crucial for achieving long-term financial security and peace of mind.
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Top Loan Forgiveness Programs for Nurses in 2024: Federal, State, and Employer-Sponsored Options

Nurses play a crucial role in our healthcare system, but many face substantial student loan debt. Fortunately, loan forgiveness programs can provide significant financial relief.
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The Future of Remote Work and Flexible Schedules for Non-Clinical Hospital Staff: Benefits and Challenges

As the healthcare industry continues to adapt to changing workforce dynamics, remote work and flexible scheduling are becoming more prominent options for non-clinical staff.
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Leveraging Student Loan Repayment Programs as a Recruitment Tool in Healthcare

In a healthcare sector grappling with staffing shortages, hospitals face stiff competition to recruit and retain qualified nurses, physicians, and other frontline staff.
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Achieving Financial Wellness in Your 20s, 30s, and Beyond: A Decade-by-Decade Guide

Financial wellness is a lifelong journey that requires different strategies at different life stages. As you move through each decade, your financial goals and needs will change
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Student Loan Forgiveness for Teachers: What You Need to Know About Your Options

Teachers play a crucial role in shaping the future, and while their work is incredibly rewarding, it often comes with financial challenges, including managing student loan debt
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Addressing Burnout with Better Benefits: How Comprehensive Rewards Can Improve Employee Retention

Burnout is a pervasive issue in healthcare, impacting not only employee well-being but also patient care and organizational stability.
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Financial Wellness for Families: How to Build Financial Security for the Future

Building financial security for your family is essential for ensuring a stable and prosperous future. From managing household finances to planning for education costs and long-term goals, families face unique challenges that require careful planning.
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The Foundations of Financial Literacy: What Everyone Should Know About Money Management

Financial literacy is the foundation of sound financial decision-making and a critical life skill. Whether you're a student, working professional, or nearing retirement, understanding the basics of personal finance is essential for building a secure financial future
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The Role of Childcare and Family Support in Benefits Programs for Hospital Employees

Work-life balance is a critical issue for healthcare workers, who often face long hours, unpredictable shifts, and emotionally demanding work.
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Leveraging Data Analytics to Improve Hospital Efficiency and Patient Outcomes

In today’s rapidly evolving healthcare landscape, the ability to make data-driven decisions is more critical than ever.
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How to Tailor Wellness Programs for Healthcare Workers: Mental, Physical, and Financial Health

Healthcare workers are often on the front lines of high-pressure situations, leading to intense stress and burnout.
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The Essentials of Financial Wellness: What It Means and How to Achieve It

Financial wellness is more than just having money in the bank; it’s about achieving long-term financial stability, reducing stress, and enhancing overall quality of life.
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Supporting Employee Career Development During National Career Development Month

National Career Development Month is an excellent opportunity for employers to evaluate how they can better support their employees' professional growth and financial well-being.
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Take Charge of Your Future: Why Every Healthcare Professional Should Consult a Financial Planner

Working in healthcare often means long hours, high stress, and complex financial situations. Between managing student loans, saving for the future, and balancing personal expenses, the financial challenges healthcare professionals face are unique.
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Take Control of Your Health: Smart Planning for Medical Expenses

As a hospital worker, your dedication to patient care is second to none. However, in the midst of caring for others, it’s easy to overlook your own medical expenses.
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Maximize Retirement Contributions: Understanding Key Retirement Accounts

As a hospital employee, planning for your financial future is critical, and understanding the various retirement savings options available to you is the first step.
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Building an Emergency Fund: A Crucial Step for Healthcare Professionals

In the demanding and often unpredictable field of healthcare, having a financial safety net is more important than ever.
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Effective Strategies for Retaining Nurses: Addressing the Shift to Travel Nursing and Beyond

The nursing profession is facing significant retention challenges, with an alarming 23% of nurses considering leaving their roles for travel nursing or entirely different fields​.
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Student Loan Debt Among Older Americans: A Growing Crisis

The burden of student loan debt is often viewed as a challenge for younger generations, but recent reports reveal a growing number of older Americans still struggling to repay their loans.
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Prioritize Debt Management: A Crucial Financial Strategy for Hospital Workers

October is National Financial Planning Month, making it an ideal time for hospital workers—whether you're a doctor, nurse, or support staff—to focus on improving your financial health.
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Unlocking College Aid: Top 5 Game-Changing FAFSA Updates You Need to Know

‍The Free Application for Federal Student Aid (FAFSA) is a crucial tool for students seeking financial aid for college. In 2024, a revamped FAFSA was introduced to simplify the application process, making it more accessible and user-friendly.
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Financial Power Moves for U.S. Hospital Workers This National Financial Planning Month

October is National Financial Planning Month, a perfect time for U.S. hospital workers to assess their financial health and make smart decisions for their future. Hospital workers face unique financial challenges, from managing student debt to navigating unpredictable work hours.
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Preparing for October Changes: Understanding the Impact of the On-Ramp and Fresh Start Program Expirations

As of September 30, 2024, two critical federal student loan relief measures—the "on-ramp" for student loan repayments and the Fresh Start program—are ending, signaling a major shift for borrowers.
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How Hospital CHROs Can Ensure Employees Get the Right Student Loan Advice in the Wake of Navient’s Exit

In a recent settlement, Navient, one of the largest student loan servicers in the U.S., was banned from servicing federal student loans. This regulatory shift presents a unique challenge—and opportunity—for hospital systems and their Chief Human Resource Officers (CHROs). As hospitals continue to prioritize employee financial wellness, ensuring that staff receive the right student loan advice has never been more crucial. For CHROs, this moment offers a chance to implement strategic, employee-centric solutions like PeopleJoy to ensure hospital employees are well-supported in managing their student debt.
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