A Financial Wellbeing Solution
Give your staff the tools they need to improve their financial wellbeing and help them put patient care first - without financial distractions.
Patchwork has partnered with globally leading Earned Wage Access provider, Wagestream, to bring true financial wellbeing to healthcare. Wagestream is backed by social impact charities in order to build financial security and stability to the lives of working people by offering a unique suite of financial tools."
In partnership with
Benefits for Healthcare Employers
This partnership will enhance Patchwork’s mission to bring greater flexibility and empowerment to the NHS workforce. Incorporating Wagestream into the Patchwork platform means clinicians can choose when and how often they get paid, keep track of their earnings in real-time, start proactively saving and access financial education.
Reduce agency spend
Instant access to wages earned provides more incentive for staff to take up bank shifts. Wagestream clients have seen enrolled users work on average 8.7 hours of bank shifts, compared to 3.6 hours for non-enrolled users.
Attract and retain your best staff
82% of users feel more positive about their employer for offering Wagestream. Providing your staff with a benefit they use and love means they’re more likely to stay loyal for longer.
Research has shown that organisations mentioning Wagestream in their job ads have been able to fill their positions 27% quicker than those that don’t.
Improve patient care
77% of users feel less stressed as a result of using Wagestream. Less stress means improved performance and patient care and a reduction in sickness absence. By improving the financial resilience of your staff you can transform your trust and provide better outcomes for your patients.
Benefits for Healthcare Workers
Wagestream has seen an adoption rate of 28% within the first month in the Healthcare Industry.
Track your earnings in real-time
Build up your financial resilience and know exactly how much you’re earning throughout the month by tracking your earnings in real-time.
Get paid your way
Wagestream lets you stream a percentage of the money you’ve already earned straight into your bank account, putting you back in control of when you get paid.
Saving is simple with Safestream from Wagestream
Financial resilience means being ready for life’s unexpected moments. With Safestream you can automatically save flexible amounts directly from your salary each month, completely free.