Paytient Employee Wellness Program
Paytient is designed to support population health management goals. Removing financial barriers to care promotes earlier diagnosis and better medication adherence, resulting in fewer costly medical interventions.
Paytient is a high-impact, low-cost addition to your employee benefits because by helping employees access and afford care, it also improves retention, health equity, and financial wellness.
Why wellness matters.
It’s essential for employers to recognize the immense influence they have on the health and wellness of their employees.
Absenteeism costs US employers an estimated $225.8 billion per year.
Presenteeism— a term used to describe when employees are physically present at work but not performing at their best due to unaddressed physical, mental, or emotional needs. Presenteeism is estimated to cost nearly ten times more than absenteeism.
Then there’s the cost of poor health that impacts the employee and the employer. When employees suffer from major illnesses and need serious medical intervention, this raises insurance costs for their employer, which can increase the cost of premiums on employees.
How Paytient supports employee wellness.
Paytient is an employer-sponsored benefit that removes financial barriers to care while supporting wellness goals. Members receive a small line of credit to pay for healthcare expenses over time with no interest, no fees, and no credit check.
When employees can access care, they are healthier, less absent, less stressed, and more productive. We estimate 0.5 additional days of productivity per employee annually.
Active cardholders have a 30% lower turnover rate vs. non-users (based on a 2023 analysis of 11K eligible employees).
Educational resources
Rural Community Hospital Puts Healthcare Within Reach
Recently our team spent some time in Marshall, Missouri, with our friends at Fitzgibbon Hospital, one of Paytient’s earliest clients. Being there, we saw first hand how our mission is alive and well, helping folks access and afford the care they need to live healthier lives.
Paytient officially closes $7.5M in venture debt from Silicon Valley Bank to help Americans access and afford healthcare
Paytient, the creator and leading provider of Health Payment Accounts (HPAs) today announced it has finalized a $7.5M venture debt facility with Silicon Valley Bank (SVB), a division of First Citizens Bank, which was first announced in January of this year.
.png)
Download our Quick Start Guide for free.
Get up to speed on the new benefit employers and employees are raving about.
