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Just like your patients, your practice should have an annual “People Practices” check-up. Find a Professional Employer Organization (PEO) that you trust and one that can understand the pain you’re feeling
as an employer. Providing you executive assurance, business intelligence and workforce alignment, the right PEO Will keep your business healthy so you can focus on what really matters – your patients and your practice.
Building a successful practice is challenging enough. Most of the focus is on the people coming into your office. However, if you expect your employees to take great care of your patients, you need to take great care of your employees first. Good practitioners recognize their greatest assets are not their equipment or technology, but their employees. The need to attract and retain good employees continues to be a challenge. Paying them a competitive salary, offering healthcare insurance, paid time off and other benefits, and providing great leadership & management allows you to be competitive and provide the best level of service to your patients. Remember, people quit leaders, not companies! So, how do you do all this and continue to improve your practice with all the new regulations, changes and costs associated with running your practice?
Here are three areas to examine in your annual practice checkup.
Do you have the EXECUTIVE ASSURANCE you need to have the peace of mind that the people side of your business is running well?
- Employer directed liability
- Proactive training, compliant handbook, policies, job descriptions, and investigations/recommendations.
- Payroll management, tax payments & reporting
- Healthcare administration, vendor selection, COBRA administration, and Advocacy.
- Baseline insurance (EPLI) & Workers Comp
Is your WORKFORCE ALIGNMENT delivering the quality & efficiency you want?
- HR Assessment of strategy, policy & operations
- Clear & meaningful Job Descriptions, Employee engagement, KPIs, Performance Management, Training, Recruiting, Workforce Planning
Do you have the BUSINESS INTELLIGENCE you need regarding the employee side of your business?
- Workforce data, ratios & trends, Engagement Surveys, Salary Benchmark Studies
- Payroll costing & reporting
- Benefits utilization analysis & trends
Compliance with the employment side of your practice is as demanding as compliance on the medical side. The right PEO will understand the pain your industry is feeling and challenges you are facing. Whether it is PPACA, HIPAA, DOL, EEOC or OSHA compliance, a PEO can take this on for you so you can focus on your patients and your practice.
A PEO can help you with all aspects of the people side of your practice: Employee Benefits, Training, Productivity, Risk Management, HR, Payroll, 401k Retirement Programs and more.
Check with your local MGMA, Medical Society or Healthcare ThinkTank to see what PEO is committed to supporting your local medical community.