As we move forward with Private Equity, there are certain things we need to show them that make our group look that much more attractive.
To this point, we have reviewed the following pillars of integration:
Why does having these pieces in place increase our value?
Above all else, it creates less work for the purchasing entity.
Less work for them = less time for them = more money for you.
We are presenting this group as a plug-and-play solution. And the fourth and final piece of this puzzle is common HR.
Regardless of who you sold your practice to, this piece would be the first order of business for the purchasing entity. By making this move you’re simply getting ahead of the curve and increasing the value of your practice in the meantime.
At a bare minimum, your practice is required to transition its payroll, workers’ comp, and HR Support to Insperity. The cost starts at $45 per employee per month.
This is almost certainly going to be an increase in cost than you are currently paying for this service. That being said, this is requirement and non-negotiable if you would like to sell your practice. Please remain focused on the end goal.
That being said, if you offer benefits to your employees, Insperity offers a highly impressive benefits package which may present a cost-savings opportunity for you. Their benefits package can save up to 40% with an impressive and highly competitive benefits package with Insperity.
Benefits are optional, but certainly worth your consideration.
To get started with Insperity, email Susan Vaughan - Susan.Vaughan@insperity.com - and request a meeting.
