June 20, 2024

How Can Enhanced Payment Options Reduce Nursing Turnover?

Enhanced payment options serve as a significant incentive in the healthcare industry, where nursing turnover is an ongoing concern. These alternative payment solutions can satisfy the demand for more flexible and immediate compensation among nurses.

By providing payment options that are more aligned with the modern workforce's expectations, such as on-demand pay through automated payroll systems, healthcare facilities can increase job satisfaction and retention rates.

What Payment Innovations Are Essential to Retain Nursing Staff?

Healthcare facilities are now leveraging technology, including APIs and no-code platforms, to create robust payment ecosystems. Innovations like instant pay for gig work or automated payroll can address the financial well-being of nursing staff, making it a critical strategy in retention.

Furthermore, these solutions offer a competitive edge in attracting top talent by showcasing a commitment to understanding and meeting the needs of the nursing workforce.

Puzzl Group Inc. (Zeal) is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass-through FDIC insurance coverage is subject to certain conditions.