Employer-based retirement savings, also known as a 401(k) plan, is an essential savings tool for many healthcare workers. It’s also an attractive job perk that helps you find and keep talented staff. But there are many steps to 401(k) calculations...
Healthcare is constantly in flux, and new technologies, policy updates, changing economies, and many other factors combine to create an extra sensitive environment. There’s no doubt about it — the day-to-day operations of skilled nursing and home health facilities are...
The day-to-day of running a healthcare business is complex. Where most companies have a central goal to be profitable, healthcare businesses weigh several goals at once. Profitability and growth sit on one side of the scale, and quality patient care...
Payroll is one of the most important — and challenging — aspects of the home healthcare industry. Employers manage many types of staff pay, from salaried or hourly to part-time, full-time, or temporary, and must also consider vacation pay, benefits,...
Did you know that the government audits one in four companies because of noncompliance with ACA? Home health care agencies are particularly scrutinized and among the most likely to receive a penalty letter. Wondering why this is? What should HHAs...
If you manage a healthcare business, recruitment and hiring are likely top priorities. Studies from the NCBI reveal that hospitals experience a 35% turnover for CNAs, while turnover among home healthcare workers reach 65%, and for nursing homes, caregiver turnover...
53% of companies have received penalties for payroll breaches in the last five years. According to reports, manual processes and paper records are the main reasons for non-compliance. Plus, as much as 19% of companies still use paper records, and most...
Time and attendance management forms the foundation of an effective workforce, and robust time and attendance software can streamline your processes and help you get there. It’s not just CFOs and finance professionals that need this software. It’s also crucial...
Payroll tax management is an essential part of running a healthcare business. As an employer, you must withhold state, federal and local taxes and pay them to the government. Your team needs to manage this process correctly to ensure you...
