As a medical practice leader, you dedicate your life to patient care. Your focus is clinical excellence, but your practice’s ability to deliver that care rests on two critical pillars: a healthy Revenue Cycle and a healthy Workforce.
UnisLink is the expert in optimizing your Revenue Cycle Management (RCM), ensuring you capture every dollar earned and maintain financial stability. At Stitch PEO, we see ourselves as a complementary solution, tackling the administrative complexity of your people so your practice can truly thrive. Our partnership with UnisLink helps independent physician groups achieve a holistic state of financial and operational health.
Here are the five core advantages of partnering with a Professional Employer Organization (PEO), which we have found directly impact your practice’s financial well-being and ability to focus on your core mission.
- Stabilize Costs and Enhance Employee Benefits
In today’s competitive healthcare landscape, attracting and retaining top talent requires best-in-class benefits, but smaller practices often struggle with rising premiums and limited options. A PEO helps stabilize your costs by leveraging a co-employment model.
- We use the purchasing power of our large client base to offer Fortune 500-level benefits—including tiered medical plans, dental, vision, and 401(k) retirement offerings—at big-business discounts.
- This strategy reduces your overall administrative and people-related overhead, directly contributing to cost reduction without sacrificing quality for your employees.
- Transfer Critical Risk and Ensure Healthcare Compliance
Medical practices operate under a complex web of employment laws and specialized healthcare regulations. Compliance risks, from HR liability to workers’ compensation claims, can lead to devastating fines and regulatory issues.
As the only PEO built specifically for healthcare, we take on the risk of employment law compliance. We provide fully managed compliance for all federal and state requirements, as well as healthcare-specific training and compliance for rules like:
- HIPAA
- The No Surprises Act
- Stark Law
- OSHA
By offloading compliance and HR liability, we help you avoid costly lawsuits and regulatory fines, protecting your practice’s reputation and financial health.
- Reclaim Valuable Time for Patient Care
The administrative burden of managing the employee lifecycle—from onboarding to payroll to benefits administration—is a massive time sink for practice managers and physicians. This time is money lost, as it detracts from strategic management and patient engagement.
A PEO streamlines every step of the employee lifecycle, helping to reduce administrative burden. Practices that partner with a PEO can simplify their administrative work by approximately 15 hours of monthly administrative burden, allowing your team to re-focus on clinical operations and patient satisfaction.
- Attract and Retain the Best Healthcare Talent
Staffing shortages and high turnover rates are major challenges for independent practices. We empower your employees with dedicated HR support, a modern payroll platform, and the best-in-class benefits they need.
- This enhanced employee experience has been shown to result in 10-14% lower staff turnover for practices utilizing a PEO.
- By strengthening staff retention, you reduce the high costs and disruptions associated with constant recruiting and training.
- Strengthen Your Practice’s Foundation for Growth
UnisLink is dedicated to helping practices achieve better financial performance and stability through RCM. Stitch PEO addresses the critical people-management foundation that supports that financial health. Together, we provide a comprehensive solution that optimizes costs, empowers your employees, and protects your practice from risk.
By outsourcing your HR to a healthcare-focused partner, you are stabilizing costs, transferring risk, and freeing up precious time. This solid operational base enables your practice to grow faster and more profitably.
Ready to Stop Losing Time and Money to HR Administration?
If your practice managers are spending precious hours on payroll, benefits enrollment, or HR compliance—time that should be spent on strategic RCM or patient experience—you are losing money.
Stitch PEO offers a free, no-obligation Human Resources Assessment to help you identify hidden compliance risks, pinpoint administrative bottlenecks, and quantify the potential savings from leveraging our large-group benefits and specialized healthcare compliance services.
Take the first step toward a healthier bottom line and a stronger workforce today.
Click here to schedule your free HR Assessment: stitchpeo.com/hrassessment