Is Your Workforce Part of the $44 Billion Problem?
Introducing Blue Wave Caregiving Solutions
We are not just another employee wellness program—we are a strategic financial partner focused on transforming the financial burden of employee caregiving into a competitive advantage. Caregiving-related lost productivity costs US businesses billions annually. Our solution starts with data, not assumptions: Our Product: The CareVeritas diagnostic tool generates a quantified Caregiver Risk Score for your organization. This score pinpoints your highest turnover risks and guides precise, targeted investment.
The Progression of Caregiving
This exmple outlines the caregiving journey for non-Alzheimer's types of dementia, detailing three stages (early, middle, and late) with associated care needs and out-of-pocket costs, and also illustrating the ongoing caregiver cycle and key expense points.
Careveritas & Caregiving Risk Score
CareVeritas provides the sophisticated diagnostic tool necessary to execute Phase I of the Caregiving Benefits Consulting Model. It analyzes hidden data points to produce a Caregiver Risk Score, transforming anecdotal evidence of employee struggle into quantifiable financial risk. This score precisely identifies the segments of your workforce most vulnerable to burnout, presenteeism, and turnover due to caregiving duties.
Benefit for Employers (Business ROI)
- Mitigate Financial Risk: Convert the vague `$44 Billion` annual cost into a specific, measurable risk score for your organization.
- Targeted Investment: Pinpoint which policies (e.g., backup care vs. flexible PTO) will yield the highest ROI for your unique caregiver population.
- Improve Retention: Proactively identify employees at 2-3x higher turnover risk before they resign, protecting institutional knowledge.
- Close the Perception Gap: Gain objective data that validates employee needs, moving management beyond assumption to informed action.
Benefit for Employees (Engagement and Well-Being)
- Tailored Support:Ensure that the benefits provided directly address their most urgent, specific caregiving needs.
- Reduce Stress: Facilitate necessary policy changes that ease the emotional and financial burden contributing to burnout.
- Validation: Show employees that their hidden struggles are seen, acknowledged, and being addressed by strategic leadership.
- Career Security: Create a culture where seeking help is safe, removing the fear of career penalty (the root cause of hidden absenteeism).
CareVeritas Advisor provides a critical solution for employers by directly addressing the financial and emotional stress experienced by their employee-caregivers. The platform's detailed financial forecasting—showing the impact of caregiving expenses on assets up to retirement—allows employees to proactively plan, reducing the likelihood of a caregiving crisis affecting their work. By offering solutions like suggested annual retirement contributions and a clear summary of future costs, CareVeritas helps stabilize the employee's financial well-being. This, in turn, translates to reduced absenteeism, higher retention rates, and improved focus and productivity for the employer, protecting the business's investment in its talent while supporting its people.
