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Gary, Indiana, April 6, 2021 (GLOBE NEWSWIRE) – Methodist Hospitals, a nonprofit community health system in Northwest Indiana, has selected Fiducius – a leading provider of student loans – as its partner preferred student loan benefits for its 3,500 employees and their families.
Student loans are a major source of financial stress for healthcare workers and a major contributor to hospitals’ growing recruitment and retention challenge. To address these issues, effective April 5, 2021, Methodist Hospitals introduced the Loan relief benefit as part of its full set of benefits. the Loan relief Advantage is the only solution of its kind, providing employees with personalized training and implementation support for all loan restructuring options, including forgiveness (public service loan forgiveness) and private refinancing. “Patient care is the key to our success and of course it’s stressful. We don’t want our valued staff to worry about their student loans during these extremely tough times, ”said Kurt Meyer, vice president of human resources at Methodist Health. “Fiducius is the only provider able to meet our requirements by integrating federal loan cancellation into the loan relief allocation. The rebate will also be included in our future tuition assistance and contribution benefits, providing a completely unified program. Having previously worked with the Fiducius team, I trust them to take care of my staff, helping Methodists retain our valued employees because we have improved their financial health.
Under the Loan Relief Allowance, all employees and family members have unrestricted access to the Financial planning for student loans process, a combination of proprietary technology and professional advisors. This process provides each employee with the expert advice necessary to enable informed decisions and actions.
“On average, healthcare workers spend almost $ 1,000 a month on their student loans. It’s no wonder that financial stress is a major problem for these employees, ”said David Cross, senior vice president of sales and chief marketing officer at Fiducius. “Methodist hospitals are tackling this problem head-on, ensuring staff and family members have access to the resources they need to take control of their student loans. We are honored that Kurt has turned to Fiducius again as an expert on student loans and educational assistance benefits. “
About Methodist HospitalsMethodist Hospitals is a not-for-profit community health system with two full-service acute care facilities in Gary and Merrillville, Indiana, which paves the way for better health for residents of Northwestern Ontario. ‘Indiana for almost 100 years. Methodist Hospitals offer a number of award-winning programs, including its Institutes of Neuroscience, Oncology, Cardiology and Vascular and Breast Care Center. Its range of services also includes services for women and children, bariatric surgery services, emergency and trauma services, immediate care centers, an orthopedic and spine care center, human health. sports, comprehensive rehabilitation services, and behavioral and home health services. It has been awarded the Magnet® designation by the American Nurses Credentialing Center and the Joint Commission Gold Seal for Hospital Accreditation.
To learn more about Methodist Hospitals, please visit www.methodisthospitals.org.
About Fiducius, LLCProviding student loan and educational assistance benefits since 2011, Fiducius enables employers to meet their recruitment, retention and productivity goals, while empowering employees to achieve their financial well-being. Fiducius offers a full range of voluntary and sponsored benefits, including loan relief, loan contribution, tuition reimbursement, and tuition contribution (529 plans). Its proprietary approach to student loan financial planning combines expert advisors and cutting-edge technology to ensure all employees receive the best option for their unique circumstances. Fiducius works with more than 2,500 employers, including more than 100 healthcare systems, hospitals and other providers. For more information visit: www.getfiducius.com.
Linda Hadley Director, Marketing and Corporate Communications Methodist Hospitals 219.886.4779 [email protected] David Cross EVP of Sales & CMO Fiducius, LLC 404.723.0420 [email protected]