eConnections

The COVID-19 pandemic has accelerated the acceptance of telehealth, and it is here to stay. Community leaders know that ignoring telehealth is not an option and are now incorporating telehealth strategies into their communities. Are you currently faced with selecting a technology platform that will elevate resident care, as well as address workflow and operational obstacles, reporting and tracking requirements, personnel challenges, regulatory and liability considerations?

Third Eye Health, a CPS vendor partner, has developed a white paper that outlines the considerations for evaluating telehealth platforms and incorporating the technology into your care delivery strategies. Third Eye Health is the nation’s leading virtual care platform, empowering communities to reduce hospital readmissions and provide higher acuity care. When a resident is in need of immediate medical care, with the touch of a button, the nurse can contact a specially trained physician through secure video and text messaging. This service allows for immediate care and attention to be given to the resident any time, day or night. To learn more about the Third Eye Health, give me a call, Dianne Piet, your dedicated CPS Client Account Manager. 603-935-7923, email: pietdianne@carepurchasing.com.

Nancy Hopkins-Garris, Executive Director at Pleasant View, Inc. (PVI), is scheduled to retire in January after 35 years with the organization – 29 years as Executive Director.

During her time at the helm, PVI has grown in the number of services and the number of people supported. They have been innovative in their services in advocating for those who have disabilities.

When reflecting on her time at PVI, Hopkins-Garris shares, “Pleasant View offers opportunities for the individuals we support to be truly part of the larger community through jobs, volunteer opportunities, and community-based living in a variety of places and settings.”

She adds, “We have developed a spiritual service to our services which provides a pastor who assists those we support in spiritual growth based on their goals and desires.”

In her retirement, Hopkins-Garris plans to spend time pursuing several of her hobbies, such as gardening, working with fiber, music, travel and church connections. She also hopes to find ways to give back in meaningful ways.

When we reached out to Hopkins-Garris, she told us, “The opportunity to be part of the MHS community has added so much to my life and work over the past years. I have received so much support and inspiration from all the leaders and members of MHS. It has been a blessing to be able to call on this MHS community as we work together in service. You have all truly been a blessing.”

by George Finney, CRPS
Everence Director of Retirement Services

One significant stressor challenges many employees

Many organizations are trying creative ways to help employees stay positive during the pandemic. Yet, these methods often don’t address one key cause of their employees’ underlying stress: personal finances.

Companies need to look at this issue if they want to retain high-quality workers through these challenging times and beyond.

Pandemic accentuates one stressor

This significant stressor among employees existed before the pandemic and has only grown this year. COVID-19’s historic impact on the economy has only increased the number of people with financial challenges.

An employee’s socioeconomic background affects how they experience their financial situation. However, it may surprise you to know that even high earners often struggle financially. 

Life stage is also an important factor in one’s financial stress level. Young adults, with fewer assets to draw on, often feel the stress of uncertain finances more than older employees.

But study after study shows that all employees with unstable personal finances are more distracted and less productive at work.

What employers can do

So how can employers begin to help their employees feel better about their finances?

First, start with getting an understanding of where your employees are on their financial journeys. For instance, a workplace assessment that anonymously surveys employees about their personal finances would show how many are struggling to make ends meet or pay off debt. And, you would learn how many others are saving enough but are concerned about how to make financial decisions in their transition to retirement.

No matter where an employee might be, it’s important to meet them where they are and help them advance toward financial well-being.

Financial wellness programs at work

Ever since the Great Recession, many employees have struggled to reach long-term financial stability, even with the improved economy in the years since. To help address this financial insecurity, employers have begun to turn to financial wellness programs. These programs typically provide employees with personal finance education.

PwC released a significant long-term study on the effectiveness of these programs, its 9th annual Employee Financial Wellness Survey, 2020 COVID-19 Update. This study also documents the significant stress of unstable finances among employees, which is greater than even job and health concerns.

Employers often implement financial wellness programs when they notice their employees are not taking full advantage of their retirement plans. When employees are struggling to address short-term financial needs, they have a hard time thinking ahead about their long-term financial future, like saving for retirement.

Recordkeeper financial wellness solutions

Many retirement plan recordkeepers now offer online financial wellness education and services. Most of these programs aim to help employees put enough money away for retirement.

These solutions rely on employees to seek out these online programs. But many employees need more assistance to truly improve their financial situation.

Making real change that lasts

We see customized workplace education – along with access to a financial consultant – as a combination that helps employees with financial stress. This focused education and personal assistance is free to employees if the consultant is paid through the retirement plan to help them participate fully in the plan.

The consultant serves as an accountability partner for an employee so they can use what they learned to meet their personal short-term and long-term financial goals. Ultimately, the program helps an employee create a reasonable path to increase their immediate financial stability, so they can save more for retirement.

COVID-19 gives employers a new reason and opportunity to support their employees with enhanced benefits that truly make a difference in their lives. Feel free to contact me about your financial wellness questions or learn more about our services.

Our 2021 Mennonite Health Assembly will be completely online on Tuesday, March 9 through Thursday, March 11 from noon to 3:00 pm Eastern Time each day.

We will have three excellent keynote speakers: Laura van Dernoot Lipsky, author of Trauma Stewardship: An Everyday Guide to Caring for Self While Caring for Others; Philip Gulley, author of 22 books, including the Harmony series recounting life in the eccentric Quaker community of Harmony, Indiana and the best-selling Porch Talk essay series; and Ted Swartz, a playwright and actor who has been mucking around in the worlds of the sacred and profane for over 20 years.

As more information becomes available, we will post it on our website at http://www.mhsonline.org/health-assembly.