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Press Release: DailyPay Announces Partnership with Heritage Operations Group

Thousands of healthcare professionals now have access to on-demand payments through DailyPay to ease financial hardships

 

NEW YORK (July 24, 2018) - DailyPay, an on-demand payment platform that reduces employee turnover through instant access to wages, today announced a national partnership with Heritage Operations Group and the thousands of dedicated healthcare professionals working at their facilities across Illinois and Indianapolis.

 

An entrance to a Heritage Health senior care facility. Heritage is now offering its employees instant access to earned wages through DailyPay, a pay day app for flexible payments.Through this new partnership, Heritage can offer its employees a fresh step in their financial wellness journey.

 

DailyPay is an intuitive platform for accessing earned but unpaid wages. After completing a shift, an employee can tap into 100% of their net amount earned, and receive their money instantly.

 

With financial stress being a primary driver of employee disengagement and turnover in the U.S. — according to the American Psychological Association — Heritage saw DailyPay as a cost-effective benefit that would truly impact their employees, specifically those who face financial hardships.

 

The problem that exists today is that lower-income earners who often work in healthcare pay on average, $1,000 per year—or 7% of their take-home pay—in late fees. According to research from the Consumer Financial Protection Bureau, the median overdraft fee on debit card transactions of $24 or less is is $34 which equals 17,000% APR.

 

But, the average banking customers who overdraws will deposit money to cover the charge within three days. This shows the average customer has the money, but have not yet been paid the money.

 

In other words, the rigidity of traditional payroll periods gives rise to a range of unnecessary financial burdens for the 78% of full-time workers that live paycheck to paycheck.

 

By partnering with DailyPay, Heritage saw the opportunity to relieve its employees of these financial burdens. Through this partnership, employees can withdraw earned money ahead of payday, giving them the freedom to pay bills on time, avoid non-sufficient funds fees, and reduce the need for high-interest payday loans.

 

DailyPay works with a wide array of industry verticals including cleaning, delivery, logistics, transportation, construction, restaurants, home health care, and other service industries.

 

For more information, please visit dailypay.com.

 

About DailyPay

DailyPay’s mission is to give employees their first step toward financial security. DailyPay is the pioneer in providing employees real-time access to earned wages across a wide range of industries, including cleaning, healthcare, retail, transportation, and more. With DailyPay, employees can pay bills on time and avoid late fees, helping them reach their financial goals. Companies have reported that DailyPay increases employee engagement and retention and helps to support recruitment. DailyPay is backed by leading venture capital firms and world-class strategic investors. The company is headquartered in New York.

 

For more information about DailyPay, visit dailypay.com or follow @trydailypay on Twitter.

 

About Heritage Operations Group

Heritage Operations Group, LLC, provides nursing facility care for seniors. With over 40 owned and managed eldercare facilities throughout Illinois, Heritage staff work hard to make residents feel at home, whether it is through the services  provided, the daily interactions, or time spent with each individual. Heritage offers a wide array of services for seniors in communities across the United States, regardless of the specific type of care needed.

 

 

Media Contact

Meaghan Shields

Press@trydailypay.com

 


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Written by Karl Pawlewicz

Karl is the content editor at DailyPay. His feet are on the ground in New York City, but his head is in the clouds looking for the latest trends in employee wellness and employee engagement. Got a good story to tell? Email him: karl.pawlewicz@dailypay.com


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