BUSINESSOutsource that pile of HR paperwork and free up your timePractice Management. By Julie A. Jacob, amednews staff. Aug. 26, 2002. Physicians who own their own practices know, as do other owners of small businesses, that as their practices grow, so do the headaches of managing the paperwork for their employees' taxes and benefits. One solution to dealing with administrative headaches is to outsource the practice's administrative and human resources functions to a professional employer organization. These PEOs are companies that handle the paying of salaries and taxes and administer health insurance and other benefits. "The client and the PEO share and allocate the employer responsibilities and liabilities for an existing work force for payroll, benefits, human resources and risk management," said Milan P. Yager, executive vice president of the National Assn. of Professional Employer Organizations. Unlike an employee leasing firm, in which the employees work for the leasing company, employees still work for the employer under a professional employer organization arrangement, said Yager. Outsourcing functions to a professional employer organization frees up a small business owner, such as a physician, to concentrate on his or her business, said Carlos Rodriguez, president of ADP Totalsource, a professional employer organization based in Miami. "A [physician's] core competency is in medical matters, not accounting or billing," he said. "A doctor's office wants to focus on patients." The three-physician Urology Associates Practice in Southfield, Mich., uses an outsourcing firm to handle payroll and benefits for the group's 19 employees.
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Copyright 2002 American Medical Association. All rights reserved.
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