Human Resources-Can You Afford to be Without It?

Efficient and accurate human resource (HR) practices are crucial to an organization’s success, and many small and midsized companies have expressed a desire to better manage these processes. Although the best case scenario is to have a human resource expert on staff, that is not always possible. In many midsized and smaller companies, employees often have to wear many hats, which can include managing the human resource functions. Someone who hasn’t had the proper training as a human resource professional can face difficulty when trying to navigate through all the regulations that must be followed. Even with his or her best efforts, an overlooked HR requirement can prove costly. For example, completing an I-9 form is mandatory for a new hire; if not done properly, fines can range from $100 to $1,000 per employee. A human resource management (HRM) provider can assist small and midsized companies by providing expert guidance through their HR challenges, often costing far less than hiring an HR professional to be on staff.

Larger companies with fully-staffed human resource departments can reap meaningful benefits by streamlining their HR processes. A human resource department’s day-to-day concerns such as regulation compliance, hiring new employees and basic associate relations can make it difficult to focus on their strategic goals. Shifting the administration of these tasks to an HRM provider allows organizations to devote more time and resources to achieving those goals while still reducing costs.

An Employee Service Organization (ESO), such as CBCA, offers HRM expertise to small and midsized companies, helping them to become and remain compliant and serving as an ongoing resource of HR information. For larger companies, CBCA’s HRM support for the day-to-day human resource tasks allows them to devote their time to strategic planning. Our scalable HRM solutions address the needs of organizations of all sizes while still reducing expenses to improve their bottom lines.

To see how CBCA can meet your HR needs, visit www.cbca.com.

Hospital Benefit Plans – a unique challenge

A hospital holds the unique position of serving as both a health care provider and an employer. That distinction can be beneficial when creating a health care plan for its employees; a hospital already has its own network of providers. By incorporating their own providers into their employee health plan, a hospital can offer a high quality, cost-effective plan that better serves its own employees and can then be offered to the community at large.

One way to integrate a hospital’s providers into an employee health plan is to create an Exclusive Provider Organization (EPO) to utilize the hospital’s providers (those in the EPO) and yield the best benefit. This affords the hospital better control of their benefit dollars by keeping them within its own system. Flexibility can be added to the plan by supplementing a regional PPO and an out-of-network benefit at lower payment levels. Furthermore, once the EPO is created, it can then be offered as part of a marketable health plan to the local community through organizations such as the Chamber of Commerce.

Helping hospitals build valuable health benefit programs is best left to a partner with deep expertise in this area. CBCA Administrators, Inc. has more than 50 years of experience administering unique hospital benefit plans and can customize a plan to meet any need. We help hospitals take care of their own employees as well as the community.

Disclaimer: The information contained herein is provided as information only and is not intended to be relied upon by any person or entity as legal advice. Any person or entity needing legal advice on these issues should seek legal counsel from an attorney.

Employee Service Organization: Three Little Words That Mean Big Things for the Future

To say that the landscape of benefits management is changing is an understatement.  With health care costs on the rise, increased issues in HR compliance and the looming implementation of the health care reform act, companies are scrambling to devise the most effective solutions to meet their individual needs and minimize expenses. 

That is where an Employee Service Organization (ESO) comes in.  An ESO can consolidate every aspect of employee services into a single-source provider, providing not only health care benefits but also human resource management and retirement and executive compensation management.

Imagine placing those services in the hands of one trusted provider.  That provider will have the capacity to create individualized plans to provide quality service at every benefit level.  With a third party handling those details, your time and resources may be better allocated to other strategic areas.  Employees’ plans are also simplified, as they now have only one number to dial for answers to all of their benefit questions and concerns.

CBCA Administrators, Inc. is on the forefront of the new ESO structure.  Equipped with creative strategies and top-of-the-line technology, our team of experts will lead this new wave of service that will save costs and improve efficiency and client satisfaction.

Disclaimer: The information contained herein is provided as information only and is not intended to be relied upon by any person or entity as legal advice. Any person or entity needing legal advice on these issues should seek legal counsel from an attorney.