As an independent healthcare professional, stepping away from traditional staffing agencies can feel liberating—but it also comes with new challenges, especially when it comes to understanding payroll funding and administration. These critical elements ensure that you are paid on time, even as the healthcare institutions you work for navigate their own payment schedules.

Healthcare Pros of America, Inc. simplifies this process by acting as an Employer of Record and using a proven payroll funding model to ensure financial stability for our providers. Here’s how it works and why it matters for your career as a self-employed healthcare professional.

One of the biggest hurdles in payroll management is the timing mismatch between when healthcare providers need to be paid and when healthcare institutions process payments. Typically:

• Providers Are Paid Weekly: As a healthcare professional, you expect a reliable paycheck every week for your hard work.

• Healthcare Institutions Pay Invoices in 30 to 60 Days: After submitting an invoice, institutions often require several weeks—or even months—to process and pay it.

This creates a “payroll gap” where providers need to be paid long before the funds from the client are available. Bridging this gap is critical to ensuring you receive your paycheck without delays

To address the payroll gap, businesses like Healthcare Pros of America use a strategy called payroll funding. This involves working with factoring companies, financial partners that provide upfront cash flow to cover payroll expenses.

Here’s a simplified breakdown of how it works:

1. Invoice Submission: Once you complete your work for the week, Healthcare Pros of America generates an invoice to the client (e.g., a hospital or healthcare facility).
2. Factoring Company Advances Funds: To ensure you get paid on time, the factoring company advances the funds needed to cover payroll, minus a small fee.
3. Provider Receives Weekly Pay: You get your paycheck promptly, allowing you to focus on your work instead of worrying about delayed payments.
4. Client Pays Invoice: Once the client processes and pays the invoice—usually within 30 to 60 days—the factoring company is reimbursed.

This model ensures a seamless experience for you as a provider, enabling you to enjoy the financial security of steady weekly pay without bearing the risk of delayed client payments.

Healthcare Pros of America has adopted this payroll funding model to support independent providers like you. Here’s why:

1. Timely Payments: Our top priority is making sure you are paid on time, every time. Weekly pay ensures financial consistency for your personal and professional needs.
2. Reduced Administrative Burden: By managing the payroll process, including working with factoring companies, we take the burden of cash flow management off your shoulders.
3. Focus on Your Work: Without worrying about late payments or tracking invoices, you can concentrate on providing exceptional care to your patients.
4. Sustainability for All: This model balances the needs of providers and institutions, creating a fair and reliable system that supports long-term partnerships.
   

For self-employed healthcare professionals, this payroll funding model offers several unique advantages:

• Eliminates Risk: You don’t have to wait months to get paid, even if a client delays payment.
• Supports Independence: You maintain the freedom and flexibility of self-employment without the stress of managing payroll logistics.
• No Need for Personal Factoring: As an independent provider, arranging your own payroll funding can be costly and complex. Healthcare Pros of America handles this for you.
  

Factoring companies are essential partners in this process, but their services come with a fee. At Healthcare Pros of America, we ensure these costs are kept low by adding only a modest markup to client invoices to cover payroll funding, payroll processing, and administrative services.

This approach eliminates the high markups charged by traditional staffing agencies, meaning:

• You earn more by keeping a larger share of the pay rate you negotiate.
• Healthcare institutions pay less compared to working with a traditional agency.
  

At Healthcare Pros of America, we believe in transparency. You’ll always know how payroll is handled, where funds are coming from, and what fees are involved. Our collective ownership model means every provider has a stake in the company’s success, ensuring that our payroll funding system serves your best interests.

Healthcare Pros of America is dedicated to supporting independent healthcare professionals like you with the tools, resources, and financial stability you need to thrive. By leveraging payroll funding and administration, we eliminate the headaches of delayed payments, giving you peace of mind as you focus on your patients.

Ready to experience a new model of healthcare staffing? Join Healthcare Pros of America today and see how we’re empowering providers to take control of their careers—with the financial support to back them up.