It is no secret that the world is facing struggles in terms of finances and the overall economy. The ongoing war between Ukraine and Russia is still causing oil price hikes and increase in other basic commodities. The US is still faced with a steady inflation rate which could possibly lead to recession.

Some industries are feeling the effects of these struggles. A lot of employees in the US have already been laid off as companies are cutting costs in order to save finances and prepare their books for the looming recession. This has raised the unemployment rate in the whole country to 3-6%. Additionally, in California alone, the unemployment rate reached up to 8.2%.

If you are looking to hire a medical scribe to work for you physically, you’d be having a hard time at this point. There are a lot of things to consider and most of them contribute to additional costs that you (and everyone else) just cannot afford right now.

Why is Hiring Onshore Employees a Bad Idea

Too Many Taxes

The very first thing that you need to consider when hiring local employees to work for you physically is taxes. While this may not directly impact you, since taxes are deducted from the employees’ salaries, there are a lot of costs involved in order to process your employees’ taxes. 

Moreover, the employee training tax has increased to 0.1%. You’ll also have to pay additional costs in federal taxes, state taxes, and local taxes. In addition, you’ll face the hassle of going back and forth in different offices to process this.

Acquisition and Benefits Costs

You will also have to spend money when looking for possible candidates. You’ll have to pay fees if you want to post on job posting sites or release an ad on Facebook or Google. If you want to go traditional, you still have to spend on printing flyers and banners to let people know that you are hiring.

Aside from that, when you hire an employee, you have to shoulder their benefits and other compensation packages like health insurance and 401(K) matching among others.

Additionally, we have just found out that California has recently passed a legislation that requires employers to offer retirement plans to each of their employees if they have more than five employees.

Where to Hire Great Employees Without Added Costs

The thing is that not all hope is lost. There is still a way for you to hire a medical scribe without worrying about these additional costs.

MyVirtualScribe is one of the companies that offer virtual services to medical practitioners. You’ll be working with a scribe that is working remotely and communication will be mostly done online. This shouldn’t be a problem as the recent pandemic has fortified the processes of digital communication.

By working with a virtual scribe, you don’t have to worry about their taxes because they are not locally employed. You also do not have to care about overhead costs. All you need to pay them is the salary. Everything else is taken care of by a 3rd party company.

Comparing the costs of hiring a local employee by yourself and hiring someone from a company like MyVirtualScribe, you can save significantly. Plus, you can focus more on your practice since they will be managed by the company.

If you are interested, you can check the MyVirtualScribe website to book a consultation and know more about what they can offer.

DISCLAIMER: At MVS, we prioritize the security of our clients.  Our scribes are all HIPAA certified.  MVS maintains HIPAA compliance through HIPAAMATE.COM.  We use highly secure Perimeter81.com, a "Zero trust Network Access" as our secure VPN/Firewall network, ensuring that our network is cybersecure and virus-free.  MVS services (Keedon, LLC) maintains cyber security coverage and professional liability coverage.