January 22, 2024
HANYS Marketplace partners with BMG Money to help increase hospital and health system employee retention
Albany, NY — HANYS Marketplace® today announced its partnership with BMG Money, Inc. This partnership will provide employees of HANYS member organizations access to affordable, socially responsible loans regardless of their credit scores.
BMG Money’s LoansAtWork program is a voluntary benefit designed to boost employee retention and satisfaction and encourage loyalty at the workplace, all at no cost to the organization. LoansAtWork or BMG Money work directly with hospitals and health systems to customize lending programs for their employees. LoansAtWork’s or BMG Money’s affordable loans and financial education help reduce employee financial and mental distress and distractions, which can enhance quality of care.
BMG Money is a financial wellness provider that offers financial literacy, free credit monitoring, savings education programs and access to emergency loans to help employees experiencing financial hardship. BMG Money helps employees manage emergency expenses with fixed and affordable payments, and access socially responsible and reasonably priced loans.
“BMG Money is thrilled to partner with HANYS Marketplace. We are excited to be part of a statewide network whose goal is to retain healthcare professionals aligned with the solutions we have to offer,” said Tom McCormick, co-CEO, BMG Money.
“Employee satisfaction and retention is essential to our healthcare providers,” said Al Campanella, president, HANYS Marketplace. “We are pleased to partner with BMG Money to help our members support their employees’ financial wellness and education through this important program.”
About HANYS Marketplace
HANYS Marketplace, a for-profit subsidiary of the Healthcare Association of New York State, connects healthcare organizations across the care continuum with trusted best-in-class products and services to help achieve efficiencies, cost savings and delivery transformation. Uniquely tuned in to the issues that keep healthcare leaders up at night, HANYS Marketplace is constantly evolving to offer best-in-class solutions that meet the most pressing needs of healthcare providers today.
About BMG Money
BMG Money, headquartered in Miami, Florida, has been helping protect employees and retirees from predatory loans since 2011 and currently operates in 43 states plus the District of Columbia. BMG Money’s goal is to enhance the financial wellness of underserved borrowers with a combination of financial education, credit monitoring solutions and access to emergency loans, all tools that retirees and employees alike need to secure better financial futures.