Looking For Options Beyond Traditional Employment

The Benefits of Employment Lite To Doctors

• Enhanced physician autonomy and control of your professional life via your small business professional structure. 
• Greater retained household earnings through your small business structure, allowing you to retain 10-15% of your income without working anymore, or having your compensation increased.
• Individualized Benefits that are provided by your corporation and individualized to meet your family needs. No fluff, just what you need and want.
• A 2-3 fold Increased retirement funding through the SimpliMD small business model that is not restricted by ERISA laws like traditional employees.
• Pay fewer taxes through small business tax advantages.
• Change jobs seamlessly without moving, changing employers, or changing anything beyond your contractual structure. Your patients, peers, and community are unlikely to see any difference compared to your traditionally employed peers.
• Simplified setup and maintenance of all working components of your micro-small business through SimpliMD’s comprehensive services. Everything can be done under one roof through a team of professionals dedicated to serving you.
• Through SimpliMD, built-in compliance monitoring to ensure that you and your PC operate within all federal, state, and local regulations.
• A physician burnout intervention that provides a systemic solution.
  • Due to greater professional autonomy via your own PC, you will have significantly less burnout in this structure compared to traditional employment.
• Opportunities to diversify income channels by using your professional services outside of your employer’s harbor

The Benefits of Employment Lite For Employers

• Enhanced physician recruitment and retention program separating you from your competitors.
  • Your physicians in this program will keep 10-15% more of their income than through traditional employment, but your FMV compensation to them will remain the same.
    • Thus apples to apples your doctors will have greater household income for the same workload compared to other employers
    • It’s like paying your doctors more without actually having to pay them more.
  • More satisfied physicians who are more likely to stay with you long term
• Physician burnout intervention that provides a systemic solution.
  • Due to greater professional autonomy via their own micro-corporation, physicians have significantly less burnout in this structure compared to traditional employment.
• Reduction in physician labor expenses because compared to traditional physician employees, employment lite physicians cost employers less money due to their independent contractor status.
  • You no longer pay for their benefit package
  • You no longer pay for their professional-business fees.
  • You no longer have to pay for your half of their payroll taxes
• The employer maintains complete alignment of the physician within your safe harbor including non-compete and other pertinent contractual language.
• Distinguished from other purchased services because it is cheaper.  This is technically a type of “purchased services” within your accounting department, which are typically the target for corporate expense reduction interventions.
  • Locums are the most common type of purchased services and typically cost the system MORE.
  • But employment lite is a purchased service that costs you less than locums and even less than your employed physicians

Job Stacking Can Provide Another Alternative To Full Time Traditional Employment or Employment Lite

Job stacking involves working at more than one job, and earning income from multiple professional sources. Due to physician labor shortages, and massive demands for your professional services there has been a surge in job stacking with over half of doctors having side jobs. Functionally job stacking involves building a combination of W-2 and 1099 work that leads to a preferred quality of life

• For many doctors this involves downshifting your primary job from a 1.0 Full Time Equivalent (FTE) position to 0.6-0.8 FTE. Many employers are adopting this option as a physician retention strategy.
• This change creates margin for stacking in side work that together matches your preferred lifestyle.
• As the following image demonstrates the old model of working one job with one income source is becoming increasingly uncommon.

The Foundation To Your Best Future Is Starting Your Professional Micro-Corporation

For as little as $5000 our legal network that focuses on physicians and high net worth clients can help you start your micro-corporation and place you back in control of your professional life. Then you can more efficiently job stack and pursue alternatives to full time traditional employment.

We Follow A 4 Step Process When You Choose Our Comprehensive PC-Employment Lite Program.

This comprehensive program includes the design, formation, and launch of your professional micro-corporation during the Onboarding phase.

Every step comes with a full scope of services that outlines the work we are doing for you. This turn-key process pulls together our business, legal, accounting, and wealth management team to focus on your personalized needs