Case Study: Edgewood Healthcare reduces financial stress with Payactiv

Edgewood Healthcare boosts retention with Payactiv and 5/5 employee satisfaction

Edgewood Healthcare, a healthcare provider in North Dakota, faced the challenge of employee financial stress caused by traditional bi-weekly pay cycles. Their employees often resorted to high-interest options like payday loans to cover expenses between pays, and leadership sought a safer alternative to strengthen their total rewards package. They partnered with Payactiv to implement its Earned Wage Access service.

Payactiv provided a solution that integrated seamlessly with existing payroll, offering employees access to their earned wages between paychecks at no cost to the employer. The results included stronger retention among users, with one in five employees actively using Payactiv and reporting high satisfaction. Payactiv helped reduce financial stress, modernized Edgewood's benefits, and became a strategic tool for talent attraction and retention.

Edgewood Healthcare