Montrose Regional Health program will provide up to $10,800 of tax-free student load repayment benefits.
MONTROSE, CO – To recruit and retain top talent, Montrose Regional Health has announced a Student Loan Repayment Program allowing eligible full-time caregivers to receive up to $10,800 paid directly to their student loan balance over the course of the program. The program launched at the end of January.
“We are known for caring for our community like family,” said Jeff Mengenhausen, CEO of Montrose Regional Health. “We are proud to show our caregivers one more way we care for them like family.”
“This new Student Loan Financial Wellness program is one example of how MRH cares about investing in the growth and financial wellness of our caregivers,” says Erin Skees, Chief Human Resources Officer.
The hospital is working to attract new caregivers and also maintain its highly skilled staff, who have helped the hospital win several awards – including being the only hospital in Colorado to be named on the Top 100 Rural & Community Hospital list seven times in a row. The student loan program is intended to empower individuals and families to reach their financial goals faster, allowing their college education to move them forward – instead of holding them back.
Eligible employees who want to participate will need to apply for the program, prove student loan debt, and their loans must be current. The area of study of the loan does not need to pertain to their current position to be eligible for repayment.
New employees are eligible for the program once they have successfully completed the repayment program application process and followed the same guidelines as those already employed by the hospital. Montrose Regional Health is currently hiring both clinical and non-clinical positions: for more information, visit MontroseHealth.com/Careers.
The program is expected to cost the hospital over $100,000 in 2023 and is part of a massive strategy to invest in caregivers totaling over two and a half million dollars in FY2023. Last year, Montrose Regional Health was identified as a best-in-class employer by Gallagher’s Best-In-Class Benchmarking Analysis for creating organizational structures, workplace policies and total rewards – inclusively engaging and motivating its employees.
About Montrose Regional Health (www.MontroseHealth.com)
Montrose Regional Health is a 501(c)3 nonprofit healthcare system serving Montrose, San Miguel, Ouray, Gunnison, Delta, Hinsdale and San Juan counties. The hospital is licensed for 75-beds and offers an extensive range of inpatient & outpatient health care services, including cardiology, oncology, minimally invasive surgery, laboratory, medical imaging/radiology, Mountain View Therapy, Level III Trauma Center, Acute Rehabilitation Unit, advanced respiratory & pulmonary services, and the family birthing center. The health system has a reputation for acquiring the latest technologies in healthcare, from robotic assisted surgical services to UVC-disinfection technology. Montrose Regional Health is the second-largest employer in Montrose County, with more than 700 employees and 100 providers who represent 23 medical specialties. With a tagline that reads Caring for you like family, the health system is known for its warm patient care.