Episode 19

Benefits of Utilizing a PEO

by Ophthalmology Business Academy | March 29, 2023

According to a national study by Gaffney et al (2019) , U.S. physicians spent about 1.7 hours each day on non-patient-related administrative work—one-sixth of their total working hours.

In this podcast episode, Sarah interviews John Wiley, the CEO, and founder of EyeDeal Solutions, who sheds light on the benefits of partnering with a Professional Employer Organization (PEO) for eye care practices. By outsourcing non-revenue generating areas such as HR, payroll, and worker compensation, practices can focus on providing exceptional patient care, ultimately leading to increased profitability.

John Wiley dispels the misconception that partnering with a PEO will reduce job opportunities and instead emphasizes the numerous advantages of using a PEO to attract and retain employees, thereby overcoming the challenge of short staffing prevalent in eye care practices.

As an ophthalmologist or practice manager, you’ll gain valuable insights into how partnering with a PEO can improve operational efficiency and streamline administrative burdens, allowing you to focus on delivering the best possible patient care while increasing your practice’s bottom line.

Timestamps

  • 00:00:55 – John Wiley’s journey in ophthalmology
  • 00:02:34 – About EyeDeal Solutions
  • 00:04:10 – Back office challenges and issues in an eyecare practice
  • 00:06:42 – Transactional HR
  • 00:07:27 – Does PEO replace some job positions?
  • 00:11:34 – Benefit of a PEO for short-staffed practice
  • 00:21:10 – Attracting and retaining employees
  • 00:22:25 – Benefit of PEOs for 401K
  • 00:23:17 – Employee Assistance Programs
  • 00:23:45 – PHMP: (Proactive Health Management Plan)
  • 00:24:45 – PEOs offer smooth applicant tracking capability
  • 00:25:44 – Other services by EyeDeal Solutions

About

John Wiley

Founder and CEO of EyeDeal Solutions

After spending more than 25 years in eye care, including sales and leadership positions with pharmaceutical, equipment, surgical, and optical companies, John had his epiphany. One frustration that was consistently brought up by administrators and practice owners was the headaches that came with the back-office aspects of running their practice. Many of these frustrations include the non-revenue generating tasks like human resources, payroll, and of course, benefits and benefit administration. While researching possible remedies that can solve these problems, he came across a simple yet powerful solution – a professional employer organization, or PEO. These companies are the business owner’s best friend because they can handle all sorts of back-office headaches and provide an all-in-one solution. A PEO provides one team of experts and advisors to help you stay compliant, save time, and save money.

But finding a PEO that fits your practice among the hundreds out there is a monumental and time-consuming task. For that reason, John started his company, EyeDeal Solutions. EyeDeal Solutions is not a PEO, but rather a team of advisors that finds out what’s important to you and then finds the best fitting PEO for your practice – saving you weeks or months of meetings, demos, and Zoom calls. As an added service, EyeDeal Solutions has recently partnered with several reputable ERC (employee retention credit) providers.

Connect with John Wiley, 

Phone: 615-878-2105
Email: john@eyedealsolutions.com
LinkedIn:  linkedin.com/in/johnlwiley
Website: www.eyedealsolutions.com

Resources

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