THE COST OF CAREGIVING
Family members provide 80-90% of long-term care for aging seniors, often while these family members struggle with other family and career responsibilities.
Annual cost to the employer of a family caregiver
As caregivers are frequently absent, distracted or retiring early
Higher medical costs for caregivers vs. non-caregivers
from the physical and emotional consequences of providing care
Average annual out-of-pocket costs related to caregiving duties
Caregivers often dip into savings, cut back personal spending, or save less for retirement to make ends meet
Transforming Caregiver Burden into Caregiver Confidence
Personalized learning journey
Quizzes to check knowledge and track participation
Discussions and social features to promote community
Reward system to incentivize engagement
Redeem for relevant products and services
Easy for organizations to manage
Add and manage users, content and reward shop
Answer expert questions and moderate discussions
Many of your most experienced employees are struggling to manage work and caregiving duties – and are often unlikely to tell you. 49% of caregivers go in late/ leave early, 13% reduce work hours, and 10% give up working or retire early. Providing support for family caregivers will ensure that these valuable team members can continue to contribute to your organization.
18% of your members are likely already caregivers – a number on the rise as the Baby Boomer’s age. 38% of them are highly stressed due to caregiving duties, and 17% experience a high degree of financial strain. Knowledge, support and resources that address and reduce the caregiver burden can have a significant impact on your organization’s members.
Caregivers are an essential, but often forgotten, member of every patient’s care team. Once discharged, family members provide 80-90% of care to aging loved ones. Enabling caregivers with education and tools to provide better care will improve patient outcomes. An informed and confident caregiver is less likely to call an ambulance or re-admit his or her loved one to the emergency room.