Powerback Rehabilitation Links with Tapcheck to Provide On-Demand Wage Benefit

Originally published here in PR Web

ROCKLIN, Calif., March 5, 2024 /PRNewswire-PRWeb/ -- Powerback Rehabilitation, one of the nation's largest rehabilitation therapy providers, is partnering with the award-winning, earned-wage access platform Tapcheck to offer on-demand access to wages for their 12,000 employees.

Powerback Rehabilitation offers comprehensive rehabilitation and wellness services for approximately 1,700 locations across the U.S. and has over 1,000 home health partnerships. Tapcheck will provide on-demand wage access, providing Powerback employees the flexibility to get their earnings whenever they need it.

Tapcheck has partnered with thousands of companies enabling American workers to cover bills and financial emergencies without worrying about overdraft fees or needing to take out a high-interest loan.

"Powerback is excited to team up with Tapcheck and provide our employees with this added benefit. We appreciate their commitment to exceptional patient care, and by offering flexibility in accessing their hard-earned wages, we take another step in supporting their financial well-being," said Powerback's Chief Executive Officer, Carl Shrom.

Earned-wage access (EWA) benefits have become a crucial offering for employers across several industries. A CNBC survey found that 74% of Americans report being stressed about their finances, and 60% live paycheck to paycheck. Tapcheck gives employees control over their wages, offering on-demand access to earned pay to help cover unexpected costs and routine bills.

"Employees should have on-demand access to their earned wages, especially those in the healthcare industry who may work non-traditional schedules," said Tapcheck CEO Ron Gaver. "Tapcheck has partnered with thousands of companies enabling American workers to cover bills and financial emergencies without worrying about overdraft fees or needing to take out a high-interest loan. Powerback Rehab is recognized as an industry leader and employer of choice for their commitment to championing crucial employee wellness benefits like EWA."

For employees, the draw of an earned-wage access benefit from their employers is clear. According to research from Visa, 95% of workers report being interested in an employer that offered EWA benefits, and 89% said they would be willing to work a longer period for an employer with EWA.