As ambulatory surgery centers (ASCs) face more competition in the marketplace and falling reimbursements, they need to operate as efficiently as possible. Saving money on HR-related costs is one way they can thrive.
MedHQ has worked with over 70 healthcare facility partners to find HR savings that also deliver the benefits of improving employee satisfaction and reducing risk. Through the process, MedHQ gleaned a host of key findings that guided the creation of the MedHQ 10-Point HR Audit (10-Point HR Audit). The 10-Point HR Audit identifies inefficiencies that, when addressed, can result in six-figure savings for a healthcare facility.
One money-saving strategy the audit identified is to better manage the unemployment tax. When an unemployment claim is filed, states lean heavily in favor of the employee. However, there are things a surgery center can do to keep claims minimal.
States have different taxable wage formulas and the rate at which wages can be taxed can vary from 1-7%.
“The tax rate percentage can be negotiated to a lower rate,” said Tom Jacobs, MedHQ CEO. “And not all employers stay on top of this. MedHQ has audited centers with an unemployment tax rate as high as 9% or as low as 3%.”
Centers can save $3,500 – $10,000 annually by better managing unemployment tax.
Click here to read the MedHQ white paper, “10 Ways to Save $10,000 in Human Resources.”
About the MedHQ 10-Point HR Audit
It takes approximately one or two hours for back office staff to gather the information necessary for the 10-Point HR audit. Typical savings = six figures. Request your risk-free 10-Point HR Audit today. If MedHQ fails to identify $25,000 in savings, the audit is free.
