Monthly Tax-Free Benefit Will Help Employees
Pay Off Loans Sooner
OAK
BROOK, Ill., Oct. 18,
2023 /PRNewswire/ -- Athletico Physical Therapy, a
top national provider of the highest quality orthopedic
rehabilitation services to communities, employers, and athletes,
and SoFi at Work, a leading provider of holistic financial
well-being and education assistance benefits, today announced the
launch of a new partnership that will help Athletico clinicians pay
down student loan debt faster, putting them on a path to financial
independence. Beginning Jan. 1, 2024,
Athletico will contribute $100
monthly toward eligible clinicians' student loan debt. This
tax-free contribution can help the average employee save up to
$16,119 on their loan after eight
years, and pay the loan off twenty months faster. The Student
Loan Repayment Program (SLRP) is available to all 3,400
benefits-eligible physical therapists, occupational therapists,
athletic trainers, and physical and occupational therapy
assistants, as well as new hires in those roles, who work 30+ hours
per week.
Loan Aid Supports Staff Wellness
Like the majority of
clinical professionals in the physical therapy field, Athletico
clinicians often enter the workforce with a substantial amount of
student debt. An awareness of this – coupled with the recent
end to the nationwide pause on student loan repayments and interest
accrual – is what led Athletico leadership to build on its already
robust benefits offering to better support the holistic financial
well-being of its clinical staff.
"As a people-centered business, we're focused on enhancing
people's health and quality of life every single day, and that
includes our own talent," said Chris
Throckmorton, PT, President and CEO of Athletico. "I know
from experience that student loan debt is an early career
investment in our industry, so we want to do what we can to
minimize the burden of that investment. This program will not only
allow us to better support our team, but it will also enable us to
recruit, hire, and retain the best talent in the industry, which is
critical to continuing to deliver on our mission to enhance
patients' health and quality of life."
Expanded Service from a Trusted Partner
The SLRP is a
new addition to Athletico's existing financial wellness program
offered through SoFi at Work. The program provides student loan
refinancing, budgeting and other financial well-being services to
all employees.
"SoFi was the perfect partner, not only because of our
established relationship but also their industry-leading tools and
self-service portal that make it easy for our employees to enroll
and take advantage of these benefits," Throckmorton said. "It is
important for us to partner with a vendor we already know and trust
to provide this highly sought-after benefit for our team."
The student debt burden is a major obstacle for skilled talent
in the healthcare industry, with many professionals carrying
significant debt throughout a large stretch of their career.
Athletico's employee-centric approach will help ease that burden,
build long-term loyalty, decrease clinician turnover, support
recruiting efforts and lower the barrier to entry for new talent
entering the field.
"This expansion of our partnership demonstrates that Athletico
is on the cutting edge of patient treatment as well as employee
engagement," said Barrett Scruggs,
VP of Workplace Financial Well-being at SoFi at Work. "By providing
debt support and other financial wellness benefits, the company is
not only supporting its own talent pipeline but also the industry
as a whole by setting this new standard in employee well-being
benefits."
To learn more about career opportunities and benefits at
Athletico, visit
https://www.athletico.com/student-loan-repayment-program/.
For more information on SoFi at Work's employee financial
well-being programs, visit www.sofi.com/sofi-at-work/.
About Athletico Physical Therapy
Athletico Physical
Therapy is a leading provider of the highest quality orthopedic
rehabilitation services to communities, employers and athletes.
With the recent acquisition of Pivot Physical Therapy, Athletico
operates more than 900 locations in 24 states and the District of Columbia. We are committed to our
patients and referring physicians through our patient-centric
focus, inclusive work environment, and attention to quality and
high standard of care. Delivering market-leading patient outcomes
and satisfaction are at the core of what we do, as measured by our
industry leading patient satisfaction scores and recognition as a
National Top-Tier Provider by the CMS Quality Payment Program. We
are also passionate about giving back to the communities we serve
through outreach, volunteer and fundraising initiatives supported
by the Athletico Cares Foundation. Our comprehensive services
include physical and occupational therapy, workers' compensation
and onsite employer services, athletic training, and over 50
specialty services, including free assessments, pelvic health,
spine health, hand therapy, concussion management, and
more. For more information, or to find an Athletico clinic
near you, visit www.athletico.com.
About SoFi
SoFi (NASDAQ: SOFI) is a
member-centric, one-stop shop for digital financial services on a
mission to help people achieve financial independence to realize
their ambitions. The company's full suite of financial products and
services helps its more than 6.2 million SoFi members borrow, save,
spend, invest, and protect their money better by giving them fast
access to the tools they need to get their money right, all in
one app. SoFi also equips members with the resources they need
to get ahead – like career advisors, Credentialed Financial
Planners (CFP®), exclusive experiences and events, and a thriving
community – on their path to financial independence.
SoFi innovates across three business segments: Lending,
Financial Services – which includes SoFi Checking and
Savings, SoFi Invest, SoFi Credit Card, SoFi
Protect, and SoFi Insights – and Technology Platform,
which offers the only end-to-end vertically integrated financial
technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a
nationally chartered bank, regulated by the OCC and FDIC and SoFi
is a bank holding company regulated by the Federal Reserve. The
company is also the naming rights partner of SoFi Stadium, home of
the Los Angeles Chargers and the Los Angeles Rams. For more
information, visit SoFi.com or download our
iOS and Android apps.
Athletico Media Contact:
Dana Andreoli
Dana.andreali@athletico.com
SoFi at Work Media Contact:
Meghan Brown
PR@sofi.org
View original content to download
multimedia:https://www.prnewswire.com/news-releases/athletico-physical-therapy-helps-clinicians-conquer-student-debt-burden-with-sofi-at-work-loan-repayment-program-301959739.html
SOURCE Athletico Physical Therapy