Most healthcare companies have concerns around increasing compliance challenges around reducing operations costs while increasing efficiencies and standardizing HR-centric services. ACA and other legislation has served to magnify those concerns, forcing an already hyper-sensitive industry to focus efforts around:
- Reducing employee service costs
- Increasing HR, payroll, and benefits standardization via standardization and leveraged technologies
- Targeting key compliance metrics to assist with the adoption of mandated standards, or risk fines and revenue reductions
These challenges in addition to ongoing consolidation efforts through mergers and acquisitions or the adoption of a shared services delivery model lead to a growing necessity for enterprise-wide HR-centric standardization.
Dignity Health is one of the largest health systems in the nation with 59,000 employees and 39 hospitals. They knew that standardizing their processes was key to gaining insight into their programs and minimizing the risk of non-compliance. They decided the best way to achieve their compliance goals, reduce costs, and relieve significant administrative burden was to strategically partner with a vendor specializing in HR compliance solutions. They turned to the Equifax Workforce Solutions healthcare team for assistance in three areas: unemployment cost reduction, Form I-9 compliance, and income and employment verifications. Read more about their story here.
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