As Seen In Modern Healthcare: Health Systems Turn to Clasp to Tackle Workforce Shortages

We’re thrilled to share that Clasp has been featured in Modern Healthcare for our work helping health systems address two of today’s biggest challenges — the student debt crisis and critical workforce shortages.

The article spotlights leading systems like OhioHealth, Novant Health, Boston Children’s Hospital, and Memorial Sloan Kettering Cancer Center, which have collectively committed more than $100 million toward student loan repayments through their partnerships with Clasp. By integrating employer-sponsored repayment directly into recruitment, these organizations are building sustainable pipelines for hard-to-hire clinical roles — and creating meaningful financial relief for future employees.

The piece also highlights why this model is gaining traction:

• New federal tax laws have capped lifetime borrowing and narrowed repayment plans, making alternative financing solutions more important than ever.
• Incremental repayment programs, like Clasp’s, provide a cost-effective, tax-advantaged alternative to traditional lump-sum sign-on bonuses.
• Early pilots are already showing results — Novant Health exceeded its recruitment goals by 130% in just the first few months of its program.

“This is the exact moment in time we’ve been planning for,” said Tess Michaels, Clasp Founder & CEO.

Read the full feature in Modern Healthcare here: Health systems find a partner to help recruit employees →