Blog - TCWGlobal

Why Healthcare Companies Need an Employer of Record (EOR) 

Written by TCWGlobal | Dec 20, 2024 4:00:00 PM

The Healthcare Leader's Dilemma

Every moment spent on HR paperwork is a moment not spent on patient care. That's not just an observation. It's a moral challenge.  

Healthcare leaders wake up every day carrying two burdens: The sacred trust of caring for human lives. And the crushing weight of regulatory compliance.  

One of these burdens is your mission. The other is just overhead.  

While you're decoding the latest cross-border employment regulations or ensuring compliance with the Health Insurance Portability and Accountability Act (HIPAA), somewhere a breakthrough medical technology is waiting to be implemented. While your team wrestles with payroll systems or social security requirements, a patient is waiting for care that only your organization can provide.  

This isn't just inefficient. It's a tax on innovation. 

The most impactful healthcare organizations have realized something profound: Excellence in patient care and excellence in global HR administration don't have to live in the same building.  

Think about the last breakthrough in healthcare. It didn't come from someone mastering employment law and regulations in three countries. It came from someone who was free to focus on the work that matters.  

An Employer of Record isn't just a service provider. They're liberation. Liberation from the overhead that keeps you from your mission.  

While others are drowning in compliance documents, you could be:  

  • Expanding your telehealth platform to new markets  
  • Bringing specialized care to underserved regions  
  • Accelerating research that changes lives  

 

The future of healthcare belongs to organizations that choose their battles wisely.  

The question isn't whether you can handle global workforce management. The question is: Should you have to?  

Your mission is too important for distractions. Choose accordingly.  

 

The Challenges Healthcare Companies Face in Workforce Management 

Healthcare is one of the most highly regulated and fast-paced industries in the world. From navigating strict federal, state, and local labor laws and credentialing requirements to filling roles quickly in response to patient needs, healthcare companies face a unique set of workforce challenges. 

Expanding operations globally or hiring international talent introduces even more complexity, with varying regulations, tax systems, and cultural considerations to manage. Data breaches and other compliance issues add additional risks. 

An Employer of Record (EOR) provides a seamless solution for healthcare companies looking to grow their teams, both locally and internationally, while focusing on what matters most—delivering high-quality patient care. With an EOR like TCWGlobal, healthcare companies can navigate compliance, payroll, and workforce management with ease.  

 

How an EOR Supports Healthcare Companies 

Hiring International Talent with Ease

The global healthcare industry often relies on top-tier talent from diverse regions. However, hiring internationally requires navigating visa requirements, labor laws, and credentialing processes, all of which can delay onboarding.  

Example: A U.S.-based hospital system wants to hire a nurse from the Philippines. By partnering with an EOR, the hospital can onboard the nurse quickly without needing to establish a local legal entity.  

How TCWGlobal Helps: TCWGlobal partners with you in the legal, compliance regulation, and administrative aspects of international hiring, allowing healthcare providers to focus on finding the right talent.  

Compliance with Labor Laws and Healthcare Regulations

Healthcare companies must adhere to strict labor laws and industry-specific regulations in every country where they operate. Non-compliance can lead to fines, legal challenges, and reputational damage.  

Example: A healthcare staffing agency expanding into the European Union needs to comply with labor laws around employee rights, benefits, and working hours.  

How TCWGlobal Helps: TCWGlobal works with you to help make sure you’re in compliance with both general labor laws and healthcare-specific requirements, reducing risk and protecting your business.  

Credentialing and Licensing Support

Healthcare professionals require specific credentials and licenses to work in different regions. Managing this process can be time-intensive and complex, especially for international hires.  

Example: A clinic in Canada wants to hire a doctor from India and must navigate the credentialing process to meet Canadian healthcare standards.  

How TCWGlobal Helps: TCWGlobal collaborates with healthcare companies to manage credentialing and licensing processes, ensuring employees are qualified to work in their roles.  

Streamlining Payroll and Benefits

Payroll for healthcare workers involves managing overtime, shift differentials, and multi-currency payments for international staff. Offering competitive benefits packages tailored to regional standards is also crucial for retaining talent.  

Example: A healthcare provider with employees in Australia and South Africa uses TCWGlobal to handle payroll and deliver region-specific benefits like health insurance and retirement plans.  

How TCWGlobal Helps: TCWGlobal simplifies payroll management and administers benefits that meet local regulations and employee expectations.  

Rapid Staffing for Critical Roles

Healthcare companies often need to fill positions quickly to respond to patient demand or expand services. Establishing a local entity for hiring can be time-consuming, delaying critical operations.  

Example: A global telemedicine provider needs to hire licensed therapists in several countries to meet growing patient demand.  

How TCWGlobal Helps: TCWGlobal expedites the hiring process by acting as the Employer of Record, allowing healthcare companies to onboard staff in weeks rather than months.  

 

Why Healthcare Companies Choose TCWGlobal as Their EOR

Expertise in Healthcare Compliance

TCWGlobal understands the unique challenges healthcare companies face, from navigating local labor laws to managing licensing requirements for medical professionals.  

Efficient Global Expansion

Whether hiring nurses, physicians, or administrative staff, TCWGlobal enables healthcare companies to expand their operations globally without establishing legal entities.  

Tailored Payroll and Benefits Solutions

TCWGlobal provides customized payroll and benefits administration, including multi-currency payments and healthcare-specific perks.  

Credentialing and Licensing Support

TCWGlobal partners with healthcare companies to ensure that international employees meet all necessary professional requirements.  

Focus on Patient Care

By outsourcing employment logistics to TCWGlobal, healthcare companies can redirect resources to what matters most—delivering exceptional patient care.  

 

FAQs 

What is an EOR, and how does it benefit healthcare companies? 

An Employer of Record (EOR) handles employment-related tasks such as payroll, compliance, and benefits, allowing healthcare companies to hire internationally without setting up local entities.  

 

How does TCWGlobal manage compliance for healthcare companies? 

TCWGlobal navigates local labor laws, tax regulations, and healthcare-specific compliance requirements, reducing risk and administrative burdens.  

 

How does TCWGlobal streamline payroll for healthcare employees? 

TCWGlobal manages payroll complexities like overtime, shift differentials, and multi-currency payments, ensuring accuracy and compliance.  

 

What are the advantages of partnering with TCWGlobal? 

TCWGlobal enables faster hiring, ensures compliance, and provides tailored solutions for payroll and benefits, freeing healthcare companies to focus on their core operations.  

 

Final Thoughts 

For healthcare companies, managing workforce challenges—whether local or global—requires precision, compliance, and speed. An Employer of Record like TCWGlobal simplifies these complexities, enabling healthcare providers to focus on patient care and organizational growth.  

From hiring international talent to managing payroll and compliance, TCWGlobal provides the tools and expertise healthcare companies need to succeed. Ready to elevate your workforce management? Visit TCWGlobal.com to learn how we can support your healthcare staffing needs.  

 

Need Help? 

Need help managing your contingent workforce? Contact TCWGlobal today to learn more.  

Whether you need expertise in Employer of Record (EOR) services, Managed Service Provider (MSP) solutions, or Vendor Management Systems (VMS), our team is equipped to support your business needs. We specialize in addressing worker misclassification, offering comprehensive payroll solutions, and managing global payroll intricacies.  

From remote workforce management to workforce compliance, and from international hiring to employee benefits administration, TCWGlobal has the experience and resources to streamline your HR functions. Our services also include HR outsourcing, talent acquisition, freelancer management, and contractor compliance, ensuring seamless cross-border employment and adherence to labor laws.  

We help you navigate employment contracts, tax compliance, workforce flexibility, and risk mitigation, all tailored to your unique business requirements. Contact us today at tcwglobal.com or email us at hello@tcwglobal.com to discover how we can help your organization thrive in today's dynamic work environment. Let TCWGlobal assist with all your payrolling needs!