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Employee Benefits

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When you first open your medical practice, you may not be able to offer your employees all of the benefits you’d like to. Since employee benefits can be expensive, it’s important to pick and choose those benefits that will help you secure top talent without breaking the bank.

Health insurance is an important benefit that many employees look for when seeking a job. If your budget is limited, it’s a good idea to start out offering an affordable health insurance policy that gives employees a modest amount of coverage. Then, as your practice grows, you can expand that policy to include things like paid vision and dental insurance.

It’s ok to start small with other employee benefits as well. In the beginning, it may be difficult to offer paid holidays, paid sick days, and a great 401(k). Don’t be afraid to add benefits incrementally. You might start by offering paid sick days, then add paid holidays at a later date when you can afford it. Be sure to research which benefits are mandatory in your state, and which are optional. Remember that great benefits will keep great employees working for you, as well as entice new talent to join your team.

As soon as you’re able to afford it, consider offering your employees the kind of benefits that will make your medical practice a great place to work.

To learn more about doctor credentialing, insurance, coding, outsourcing, and everything you need to establish a successful healthcare practice, follow all of Sherlock Doc’s adventures on the DoctorsBusinessNetwork.com or Doctors Business Channel on YouTube!.

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