Barbara Ziccardi (manager of AlphaStaff) wrote a brief yet informative article in the December 2008 edition of Health Data Matrix about MTSOs benefiting from outsourcing their human resources department.
Zaccardi listed some of the amazing benefits a medical transcription service owner can expect to receive by simply utilizing the services of a human resources outsourcing (HRO) partner:
- Obtain access to benefits programs that wouldn’t otherwise be available to small or mid-sized companies on their own
- Streamline time and attendance for payroll, including time record data flow for payroll processing and capturing line counts to hours worked through entry or data import
- Access to subject matter experts that will proactively develop handbooks, provide on-site and webinar training and assist with liability insurance
- Receive assistance with filing taxes and handling worker’s comp issues
Ziccardi wrote: “Many [medical transcription] companies are being confronted with challenges that have little to do with their core business–which is exactly why outsourcing has become such an attractive option.”
The medical transcription factoring specialists at PRN Funding couldn’t agree more with this statement! By outsourcing their receivables to PRN Funding, MTSOs can stop worrying about their cash flow and focus on more important things–like growing their medical transcription service.