Dr. Mustafa Shah Khan and Dr. Richard Offutt started Synergy Dental Partners 12 years ago. The subject today is Payroll Solutions and their guest is Mr. Chris Bauer, Director of Franchise & Affiliations, ADP.
The practice of dentistry requires the dentist to have competency in many disciplines. Clinical competency is only part of the puzzle. The puzzle, however, has many pieces. Today we would like to discuss payroll and related services. The employment market is overwhelmingly challenging in the current economy. The dentist must develop critical strategies to recruit and retain key employees.
Synergy Dental Partners had the pleasure to interview Mr. Chris Bauer. Mr. Bauer is the Director of Franchise and Affiliates at ADP. ADP is an industry leader in Payroll and HR solutions for dental practices. We asked him to provide an overview of the company and follow up with a Q&A session.
Running a business is complex and time consuming, add employees into the mix and it’s instantly trickier. What if you could have support exactly when you need it, how you need it, and where you need it to manage the complexities of employing people. Practices across the country are seeking experts and solutions that adapt to their business.
For more than 70+ years ADP has been the global leader in Payroll and HR Technology. Currently supporting over 920,000 clients from start ups to Fortune 500 corporations. With ADP as a partner, dental practices can rely on a single provider for Payroll and Tax Filing, HR tech and professionals, legal support, medical benefits, retirement plans, workers comp insurance, and time tracking.
We provide our clients a scalable solution to fit their needs now and achieve their business goals tomorrow!
Questions:
- How does a dentist know they could benefit from a payroll service provider?
- The combination of payroll and HR services in a single provider is unique. What are the advantages?
- Is the service expensive? Can investing in payroll and HR services save a practice money and reduce overhead?
- Can a payroll partner help an independent dentist compete with the DSO’s?
- What other services are offered by the payroll provider?
How does a dentist know they could benefit from a payroll service provider?
All dentists who are paying W2 employees can benefit from a payroll service provider. Paying W2 employees comes with additional liabilities such as paying employees timely, making state and federal tax deposits, properly filing quarterly taxes, and staying compliant with state and federal labor laws. ADP is a service provider who takes on those liabilities on behalf of our clients, so even the smallest practices can have peace of mind and less administrative burden.
The combination of payroll and HR services in a single provider is unique. What are the advantages?
Having payroll and HR services in a single provider provides a seamless connection between the two technology components as well as a single point of contact for dentists. Many HR related questions or situations are tied into payroll, whether it simply be the data for a particular employee or the state specific labor law. Speaking to one service provider who already has the relevant information allows dentists to be more efficient.
Is the service expensive? Can investing in payroll and HR services save a practice money and reduce overhead?
ADP is very competitive in the marketplace when comparing services provided for the cost at which they are provided. The exclusive Synergy Dental Partners discount for members allows us to be even more competitive in the marketplace. Yes, investing in a payroll and HR service provider can absolutely save a practice money and reduce overhead. Through ADP’s solution dentists receive a solution that combines technology and expert people support. By leaning on ADP’s HR & payroll professionals on a case-by-case basis, this can help eliminate carrying cost of additional salary for that position. ADP’s solution can also help increase the value of current salary that practices already carry. For example, an office manager now has the support of a Fortune 500 companies HR department to assist them with questions, situations, paperwork, etc. without increasing any overhead cost for the practice.
Can a payroll partner help an independent dentist compete with the DSO’s?
Yes, through Synergy Dental Partners, ADP has provided an exclusive discount to members which can help even the playing field.
What other services are offered by the payroll provider?
ADP is certainly best known as a payroll provider since we did invent the payroll outsourcing space back in the 40’s, however that is only about 20% of what we provide today. ADP not only provides payroll and HR support, but we can also help dentists with workers compensation insurance, health benefits, retirement plans, and time tracking.
