HR does not have to be a pain in owning a private practice.
There are numerous medical private practices all over the United States. These range from your common private medical clinics to physical therapists, optometrists, and dentists. However, the amount of private practice physicians is on the decline due to policymakers believing that larger healthcare organizations are more data-driven, efficient, and effective compared to their smaller, private-practice counterparts. In fact, according to a survey published by the Physicians Foundation, “Only 31% of physicians identify as independent practice owners or partners, down from 33% in 2016 and down from 48.5% in 2012.” Though private practices are in decline this does not mean they’ll disappear. Some of the benefits of private practices include a more personal relationship with your physician, more affordable care compared to large hospitals, along with convenience, which is especially true in rural areas where there is a lack of major hospitals.
Problems that Private Practices are Facing
The challenges of starting a private medical practice are a major reason for the decline. Private physicians have to secure finances because after all they are running their own business so they need money for equipment, paying rent, and wages for their employees. Their clinic has to abide by state and government regulations, registering their practice, and making sure they have proper licenses and paperwork. Lastly, they have to manage their staff, generally hiring a receptionist and/or office manager to oversee daily operations. In addition to hiring a front of the house team, they’ll plan administrative policies. Though they might have trained to be doctors in medical school, it takes managerial and organizational skills to run a private practice.
How Hiring Accelerator Can Help
With the world becoming more technology-driven, private practices need to find new ways to evolve and stay competitive. NeoBloom’s Hiring Accelerator provides the perfect support to these private practices during their hiring stage. Hiring Accelerator helps determine the most optimal pay for future candidates and current employees, taking note of their job position, college degree, and location. You will also be shown how the pay performs based on market rate data. Not only is this data valuable for the hiring process, but also making sure your current employees are getting a competitive wage. We don’t want you over or underpaying your staff. Paying the right wages leads to satisfied employees, and ideally increased productivity. Hiring Accelerator also offers a chat feature within the app providing a platform for communication, while also allowing employers to deliver the job offer right through the app without having to send any emails. Overall NeoBloom is solving the pain of hiring so that physicians can focus on what matters most — their patients. Sign up for our prelaunch list at www.neobloom.com.
