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Medical Administrative The use of MedPro can optimize your facility's productivity while containing costs. An accurate cost comparison
measures the hourly fee of the service against the true direct and indirect cost incurred by a facility performing the recruitment and employment process on its own. The following analysis presents evidence that using MedPro can be more cost-efficient to your facility than utilizing your own efforts.
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What an employee really costs
Work week: 40 hours at $12.35/Hour
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 |
Full Time Staff |
MedPro Employee |
| |
Weekly Cost |
Annual Cost |
Weekly Cost |
Annual Cost |
| Pay (40 Hours) |
494.00 |
25,688.00 |
815.10 |
42,385.20 |
| Employee Taxes Pd by Employer (12.6%)* |
62.24 |
3,236.48 |
|
|
| Fringe Benefits (31.0%)* |
153.14 |
7,963.28 |
|
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| In House Recruitment, Interviewing, Verification & Other H.R. Costs (23.1%)** |
114.11 |
5,933.72 |
|
|
| Outside Recruitment Costs (5.2%)** |
25.69 |
1,335.88 |
|
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| Orientation, On-going Training Costs (7.8%)** |
35.83 |
2,003.56 |
|
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| All Other Paid Absenteeism (2.38%)** |
11.75 |
611.00 |
|
|
| Administrative & Payroll (1.2%)* |
5.93 |
308.36 |
|
|
| TOTALS *** |
$905.39 |
$47,080.28 |
$815.10 |
$42,385.20 |
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WEEKLY SAVINGS WITH MEDPRO $90.29
ANNUAL SAVINGS WITH MEDPRO $4,695.08
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* National Average
** Industry Trend
*** Does not include any sign on bonuses or up-front incentive costs that are becoming common in many areas. Should these be included, the MedPro savings would increase. In addition to hard dollar savings, MedPro's ability to greatly reduce Employer related liabilities is priceless. Being the "Employer of Record" today is risky. Workers' Compensation, Unemployment, Malpractice claims and wrongful termination charges are not only financially harmful to your organization, but put a drain on human resources and management. As the designated employer, each and every employee that MedPro provides to you on assignment eliminates unnecessary burdens of liability for your facility.
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Licensed Professional
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What an employee really costs
Work week: 40 hours at $28.00/Hour
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|
 |
Full Time Staff |
MedPro Employee |
| |
Weekly Cost |
Annual Cost |
Weekly Cost |
Annual Cost |
| Pay (40 Hours) |
1,120.00 |
58,240.00 |
1,814.40 |
94,348.80 |
| Employee Taxes Pd by Employer (12.6%)* |
141.12 |
7,338.24 |
|
|
| Fringe Benefits (31.0%)* |
347.20 |
18,054.40 |
|
|
| In House Recruitment, Interviewing, Verification & Other H.R. Costs (23.1%)** |
258.72 |
13,453.44 |
|
|
| Outside Recruitment Costs (5.2%)** |
58.24 |
3,028.48 |
|
|
| Orientation, On-going Training Costs (7.8%)** |
87.36 |
4,542.72 |
|
|
| All Other Paid Absenteeism (2.38%)** |
26.66 |
1,386.32 |
|
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| Administrative & Payroll (1.2%)* |
13.44 |
698.88 |
|
|
| TOTALS *** |
$2,052.74 |
$106,742.48 |
$1,814.40 |
$94,348.80 |
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WEEKLY SAVINGS WITH MEDPRO $238.34
ANNUAL SAVINGS WITH MEDPRO $12,393.68
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* National Average
** Industry Trend
*** Does not include any sign on bonuses or up-front incentive costs that are becoming common in many areas. Should these be included, the MedPro savings would increase. In addition to hard dollar savings, MedPro's ability to greatly reduce Employer related liabilities is priceless. Being the "Employer of Record" today is risky. Workers' Compensation, Unemployment, Malpractice claims and wrongful termination charges are not only financially harmful to your organization, but put a drain on human resources and management. As the designated employer, each and every employee that MedPro provides to you on assignment eliminates unnecessary burdens of liability for your facility.
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