How Do PEOs Benefit Your Medical Practice?
- 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 PEO company becomes the back office partner for your healthcare services operations. Administrating payroll, 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.
ELQ simplifies the search for the right PEO company at the best price, with the only guarantee in the industry. It's not about finding any company - it's about finding the right PEO provider that can deliver the benefits your medical practice needs. Give us a call, we've been here to help since 2001.