The Best Payroll Software for Healthcare Industry: Top 4 Solutions

In the complex landscape of the healthcare industry, managing payroll, human capital management (HCM), and compliance is paramount. Healthcare organizations, from small practices to large hospital systems, require specialized software that can handle the unique challenges of the industry, including strict regulatory compliance, complex scheduling, and diverse employee roles. This article delves into the best payroll software for healthcare industry, examining four top solutions that offer robust features for payroll, applicant tracking, recruiting, benefit administration, ACA tracking and reporting, and learning management.

Paycor

Paycor is a comprehensive HCM solution tailored for the healthcare industry. Known for its user-friendly interface and powerful functionality, Paycor provides tools that help healthcare organizations streamline their HR and payroll processes, improve compliance, and enhance overall workforce management.

Payroll Features and Functionalities

Paycor offers a full-suite payroll system designed to handle the complexities of healthcare payroll. Key features include:

• Automated Payroll Processing: Ensures timely and accurate payroll runs, reducing the risk of errors.

• Tax Compliance: Automated tax calculations and filings ensure compliance with federal, state, and local regulations.

• Direct Deposit and Pay Cards: Flexible payment options for employees.

Applicant Tracking and Recruiting

Paycor’s applicant tracking system (ATS) is built to streamline recruiting in the healthcare sector:

• Job Posting and Distribution: Post job openings to multiple job boards and social media platforms.

• Candidate Management: Track applicants through each stage of the hiring process.

• Interview Scheduling: Integrated tools to schedule and manage interviews efficiently.

Benefit Administration and ACA Tracking

Benefit administration is a critical component for healthcare organizations, and Paycor excels in this area:

• Benefits Enrollment: Simplifies the enrollment process for employees.

• ACA Compliance: Tools to track and report on ACA requirements, ensuring compliance with healthcare laws.

• Employee Self-Service: Allows employees to manage their benefits and access important information.

Learning Management

Paycor’s learning management system (LMS) supports continuous education and compliance training:

• Course Management: Create and assign courses to employees.

• Compliance Training: Ensure staff meet mandatory training requirements.

• Progress Tracking: Monitor employee progress and completion rates.

GNSA

GNSA is recognized for its robust payroll and HR software tailored specifically for the healthcare sector. It offers comprehensive tools that cater to the unique needs of healthcare practices, helping them manage payroll, HR, and compliance efficiently.

Payroll Features and Functionalities

GNSA provides a sophisticated payroll system designed to handle the intricacies of healthcare payroll:

• Payroll Processing: Automated and accurate payroll runs.

• Compliance Management: Ensures adherence to all relevant payroll regulations.

• Custom Reporting: Generate detailed payroll reports for better financial insights.

Applicant Tracking and Recruiting

GNSA’s ATS is designed to streamline the hiring process:

• Job Postings: Distribute job listings to various platforms.

• Resume Parsing: Efficiently manage and review resumes.

• Candidate Tracking: Track applicants through the recruitment pipeline.

Benefit Administration and ACA Tracking

GNSA excels in managing employee benefits and ACA compliance:

• Benefits Management: Simplified benefits administration.

• ACA Reporting: Tools to track and report on ACA compliance.

• Employee Portal: Self-service options for employees to manage their benefits.

Learning Management

GNSA’s LMS supports ongoing training and compliance:

• Training Programs: Develop and assign training programs.

• Compliance Tracking: Ensure all employees complete necessary training.

• Performance Monitoring: Track employee performance and training outcomes.

ADP Workforce Now

ADP Workforce Now is a leading HCM solution that provides comprehensive tools for payroll, HR, and compliance. It is particularly well-suited for the healthcare industry, offering features that address the unique needs of healthcare organizations.

Payroll Features and Functionalities

ADP Workforce Now offers a robust payroll system:

• Automated Payroll: Streamlines payroll processing.

• Tax Filing: Automated tax filing to ensure compliance.

• Employee Access: Mobile access for employees to view pay statements and tax forms.

Applicant Tracking and Recruiting

ADP’s ATS simplifies the recruitment process:

• Multi-Channel Posting: Post jobs to multiple channels from one platform.

• Candidate Screening: Tools to screen and shortlist candidates efficiently.

• Onboarding: Smooth onboarding process for new hires.

Benefit Administration and ACA Tracking

ADP provides extensive tools for managing benefits and ACA compliance:

• Benefits Enrollment: Streamlined benefits enrollment process.

• ACA Compliance: Comprehensive tools for tracking and reporting ACA compliance.

• Employee Self-Service: Empower employees to manage their benefits.

Learning Management

ADP’s LMS ensures continuous learning and compliance:

• Training Modules: Create and assign training modules.

• Compliance Tracking: Ensure all required training is completed.

• Progress Reports: Monitor employee training progress.

Ultimate Kronos Group (UKG) Pro

UKG Pro is a powerful HCM solution known for its extensive features tailored to the healthcare industry. It offers a suite of tools to manage payroll, HR, and compliance efficiently.

Payroll Features and Functionalities

UKG Pro offers a comprehensive payroll system:

• Payroll Automation: Streamlines the payroll process.

• Compliance Management: Ensures adherence to all payroll regulations.

• Detailed Reporting: Customizable payroll reports.

Applicant Tracking and Recruiting

UKG Pro’s ATS enhances the recruiting process:

• Job Distribution: Post jobs to various job boards.

• Applicant Tracking: Manage candidates through the hiring pipeline.

• Interview Management: Tools to schedule and manage interviews.

Benefit Administration and ACA Tracking

UKG Pro excels in benefits management and ACA compliance:

• Benefits Administration: Simplifies the management of employee benefits.

• ACA Reporting: Tools to track and report on ACA compliance.

• Employee Self-Service: Allows employees to manage their benefits.

Learning Management

UKG Pro’s LMS supports employee training and development:

• Training Programs: Develop and assign training programs.

• Compliance Monitoring: Ensure compliance with training requirements.

• Performance Tracking: Track employee training and performance.

Best Payroll Software for Healthcare Industry

Choosing the best payroll software for healthcare industry requires careful consideration of the unique needs and challenges faced by healthcare organizations. Paycor, GNSA, ADP Workforce Now, and UKG Pro each offer robust solutions that address payroll, applicant tracking, recruiting, benefit administration, ACA compliance, and learning management. By leveraging these comprehensive tools, healthcare organizations can streamline their HR processes, ensure compliance, and focus on delivering high-quality care to their patients.