Building a Purpose-Driven Workforce – HR Strategies for Non-Profit Organizations

Every business is held up by human relationships — whether the relationship with consumers or with your team. However, this is especially true of small medical practices. As a medical practice, your business is helping other people. As a small business, you need a strong competitive edge to stand out. You need strong, effective human resources.

In this post, we’ll discuss how streamlining HR helps support your medical practice and how outsourcing your HR helps to achieve this, especially for a small business with limited resources.

How Streamlined HR Helps Medical Practices

Here are a few ways outsourcing HR can help your small medical practice stand out in the industry.

Reduces Costs and Increases Efficiencies

First and most importantly, for many businesses, outsourcing HR to a PEO can save you money. HR solutions can be expensive, especially when it comes to things like benefits, insurance, and workers’ compensation. When you partner with a PEO, you pay a competitively low rate to have the PEO handle all your HR solutions for you. If you have a limited HR budget, this can be a terrific solution.

Saves Time to Focus on Your Business

Outsourcing HR also saves you time! Most small medical practices do not have the budget to hire a full in-house HR staff. That means that you might have one person handling your HR needs and feeling overwhelmed, or in some cases, that person might be you. The time you take to do your own HR is time taken away from providing medical care. Payroll and taxes alone can take hours out of your day each week. A PEO takes that off your hands so you can get back to what you do best.

Access to Competitive Benefits

With a PEO, you can offer benefits to your employees that you might not otherwise have been able to. This can give you a competitive edge over other staffing practices and will improve the employee experience overall. It’s the best of both worlds; you can provide your team with all the benefits and coverage they deserve while still focusing on operating your practice.

Worry-Free Compliance and Legal Protection

There are so many different regulations with which a small medical practice must stay compliant. Data privacy, OSHA, employee protection, plus the regulations of your industry to keep your medical license. But with rules constantly changing, it can sometimes feel like a race to keep up with your compliance.

That’s exactly what an HR team is for. With the resources available to a PEO, you’ll always be updated as regulations change. These HR professionals stay on the cutting edge of relevant regulatory compliance to ensure the companies they partner with never fall behind and get straddled with penalty fees.

Reduces Liability with Clear Procedures

The best protection against professional liability is strong HR. Besides staying up to date on regulatory compliance, your HR team can make sure that everything is properly documented so that you can trace the actions your practice took to avoid incidents. That way, if an incident arises and your practice is blamed, you are more equipped and less likely to avoid liability.

When you work with a PEO, you share employee responsibilities. You typically handle the operational aspects of employment, such as hiring and firing employees and managing roles. The PEO handles the administrative tasks so that it isn’t all on you.

Better Scalability for Business Growth

Maybe you don’t want a large medical practice. You just want enough to pay the bills and provide quality care to your patients. A PEO can help you make the most of that by taking care of all of your HR needs. If, however, you have dreams of growing your practice, a PEO can help with that, too.

PEOs often work with thousands of companies across a variety of industries. This puts them in a prime position to offer you support and resources should you work towards scaling your practice. And with seamless HR solutions, it will be easier to reach that dream.

Improves Your Peace of Mind

Your practice can be made or broken based on the quality of your human resources. HR impacts your ability to attract and retain talent, your workplace culture, and even your ability to perform your practice legally and above board. This might seem like a lot of pressure, but not when you outsource to a professional PEO that specializes in HR. This can grant you unbelievable peace of mind. You opened a medical practice to provide high-quality medical care. While you do that, we offer the same level of care with our HR services.

Enjoy the Benefits of Streamlined HR With TBM

TBM has been working with businesses across various niches since 1993, including small medical practices. We provide HR solutions tailored to your business and your goals. We have the resources to help you scale, thrive, and keep a competitive edge when attracting talent.

Ready to get started? Contact TBM today to learn more about how outsourcing can change the game for your business’s HR.