Empeon Partners with Tapcheck to Empower Employees with On-Demand Pay

The partnership enables seamless earned wage access to enhance financial flexibility and employee satisfaction

MONTEBELLO, N.Y., Dec. 5, 2023 /PRNewswire/ -- Empeon, the enterprise-grade Human Capital Management (HCM) platform for health systems, is partnering with Tapcheck, a prominent and award-winning provider of financial wellness solutions, to provide on-demand, same-day pay offerings to Empeon customers of all sizes, from SMBs to Enterprise. Empeon anticipates this partnership will provide financial flexibility for countless employees nationwide.

More than 60% of American workers live paycheck-to-paycheck, and 40% of Americans cannot cover a $400 emergency expense. The partnership aims to reduce employee stress and improve quality of life by increasing access to wages. Studies show that on-demand pay employee wellness benefits, also known as Earned Wage Access (EWA), substantially alleviate financial stress for employees and contribute to making every Tapcheck employer an "Employer of Choice."

"Many healthcare workers face overwhelming stress to make ends meet. Waiting two weeks for a paycheck can be a considerable financial hardship," said Morris Isaacson, executive vice president of marketing and sales at Empeon. "Tapcheck opens up a new way for our customers to think about payday. We strongly believe this level of flexibility and autonomy is invaluable for today's workforce."

Tapcheck's Earned Wage Access solution is a free product for employers that helps attract and retain talent in a competitive job market, resulting in a significant bottom-line impact on the business. Almost 90% of employees say they would work longer for an organization that offered this benefit. Companies that provide EWA saw a 50% reduction in turnover and a 49% increase in employee productivity. Tapcheck's EWA program shows industry-leading engagement and impact, contributing to positive business and employee financial wellness outcomes.

Empeon's platform is a comprehensive all-in-one HCM solution with features including onboarding, HR, time and benefits management, payroll, and scheduling. Tapcheck integrates seamlessly into Empeon's software to automate the on-demand payment process, allowing companies to offer the benefit without increasing HR workloads.

"Employees deserve control over their earnings, something that Tapcheck enables for hundreds of thousands of American workers, particularly within the healthcare industry," said Ron Gaver, Tapcheck's CEO. "Providing on-demand pay allows people to cover bills and financial emergencies without taking out a high-interest, predatory payday loan or incurring bank fees. By partnering with Empeon, a company that puts employees first, we further advance our mission to provide these critical benefits to millions of Americans."

To learn more about Empeon's solution partners, please visit https://empeon.com/software-partners-integrations/.

About Empeon
Empeon is a leading provider of human capital management (HCM) software solutions for healthcare organizations. Empeon's customizable, all-in-one HCM platform empowers businesses to work smarter by streamlining and automating people management processes, including talent acquisition, Human Resources, onboarding, scheduling, and time and labor management. Founded in 1998 as ADS, Empeon has decades of experience supporting the healthcare industry's unique needs. Empeon wraps its capabilities around individual customer needs and provides a genuine 1:1 relationship with its core team. Learn more at https://empeon.com/

About Tapcheck
Tapcheck is an award-winning financial wellness company that offers the highest precision Earned Wage Access (EWA) solution that seamlessly integrates with hundreds of third-party time and labor management platforms. This enables faster EWA payments with higher withdrawal limits, lifting employee participation and driving impact for your business. The best part: Tapcheck is available at no cost or risk for employers to implement. Employers who incorporate on-demand pay into their employee benefits packages find it to be a cost-effective way to distinguish their company from competitors, reduce turnover rates, and provide the financial flexibility that employees want. Tapcheck is proud to work with numerous midmarket and Fortune 100 companies including McDonalds, Marriott, Burger King, and a host of others. 

Media Contact
Raven Carpenter
BLASTmedia for Empeon
[email protected]
317.806.1900 ext.171

SOURCE Empeon