Benefits of a PEO for Your Medical Practice
Professional employer organizations (PEOs) and many HR outsourcing providers offer Fortune 500 benefits with competitive rates that are accessible for big and small companies. Human resource professionals reduce many employment liabilities by providing assistance with safety and employee handbooks, along with proper hiring and employment procedures. Outsourcing through a PEO provider even manages tasks such as PTO tracking, wage garnishments, multi-state reporting and ACA compliance.
Other Healthcare PEO Benefits Include:
- Complete payroll processing that includes free direct deposit, tax reporting, employee online platforms, and more
- Human resource assistance to help create employee handbooks, compliance issues, and pre-employment screening
- Workers' compensation insurance and risk management services
- Employee benefits including, group healthcare, supplemental, dental and vision insurance, and 401(k) plans
Professional Employer Organizations (PEOs), offer the ability to streamline operations for less than in house costs, to properly handle the ever increasing burdens of HR and governmental compliance issues.
How Does The PEO Relationship Work?
The professional employer organization becomes the back office partner for your healthcare services operations. Complete payroll management, tax reporting, workplace safety, benefits and many other employee-related issues are outsourced for much less than you can do on your own. As the employer, you continue to run the day to day operations - but with more time to focus on growth.
How Much Do PEOs Cost?
Most PEO companies base their administrative charges on a clients gross annual payroll and that fee averages between 2-4%. Some providers offer more robust benefits such as, background checks, life insurance, employee counseling services and much more. While many include these benefits in your administrative fee, others may charge as a la carte - and this is just one area where we can help.
Why ELQ?
ELQ simplifies the search for the right PEO company at the best price, with the only guarantee in the industry. We are the nation’s premier PEO broker and take pride in saving you and your business time and money. It's not about finding any company - it's about finding the right PEO provider that can deliver the benefits your medical practice needs.
We have spent two decades researching available professional employee organizations and understand all of their unique differences. Let us do the detailed work of matching you with your ideal PEO. Give us a call or fill our our request form to start saving today.
