Hospital payroll software requires specialized features. Healthcare is a unique field that employs and contracts with hundreds – often thousands – of people. The industry requires a software to flex when regulations and compliance change, both in the hospital itself and at the state level.
If you’re shopping for hospital payroll software, AMS has what you need. Designed for businesses of all sizes and industries, our modular tools allow professionals to create the personalized accounting suite they need – without the high price of personalization.
What to Look for in Healthcare Payroll Software
Healthcare is a specialized industry. This means it has specialized accounting needs. When searching for an appropriate payroll software, keep the following characteristics in mind. Ideally, a healthcare payroll software will have all of these features.
- Simple On-Boarding: Healthcare settings see a lot of staff turnover. In 2020, the average staff turnover rate at U.S. hospitals hovered just below 20%. That rate has slowly increased in recent years. As a result, maintaining employee records are very important. Look for a payroll tool that has an easy payer and employee setup. You should also prioritize a system that can easily export data for end-of-year tax and wage reporting.
- Flexible Payment Options: The healthcare industry employs a vast variety of people. Some workplaces might assume that all employees want to be paid via direct deposit, but in the healthcare space, this isn’t always the case. When searching for a healthcare payroll software, prioritize tools that allow for multiple payment options: multiple types of check support, direct deposit, and checks printed either individually or by date range.
- Multi-PC Installation: Most hospitals and healthcare clinics don’t have a centralized HR or Payroll center. Instead, individual departments handle their own accounting processes. When searching for a healthcare payroll software, only consider tools that include network and multiple-PC installation. This ensures everyone has access.
- High-Volume Payer/Payee Support: Healthcare facilities employ a lot of people, from the nurses and doctors to cleaning staff and assistants. If a provider network has multiple locations, the number of employees and contractors can easily float into the thousands. Additionally, not all staff are paid through the same department and with the same tax-related needs. In addition to finding a software that supports 1,000+ employees, you’ll want a software that can also support 1,000+ payers. AMS Payroll, for example, supports up to 1,999 payers and up to 9,999 employees per payer. For most hospitals and healthcare networks, that will be more than enough.
Get the Tools You Need with Advanced Micro Solutions
Our accounting and payroll software includes all of the above features, plus a range of tools designed to simplify payroll. If you work in a healthcare setting, AMS Payroll is the software for you. Experience automatically calculated federal, state, and local payroll taxes, as well as easy electronic filing for form 941, 940, 943, and 944. AMS Payroll is an add-on module to our W-2/1099 Forms Filer. The two work in tandem to streamline accounting – in the healthcare space and elsewhere. If you’re shopping for hospital payroll software, consider trying our free demo.