A List of Things to Have When Starting a Medical Staffing Company
According to the United States Bureau of Labor Statistics, the health care industry is projected to increase 22 percent from 2008 through 2018. This is welcome news for those looking to start a medical staffing company, which help health care organizations find job candidates like physicians, nurses and technicians. Knowing the things you need to start a medical staffing company can set you up for future success.
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Business Plan
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All business startups can benefit from a business plan. For a medical staffing company, a business plan can help you set your objectives; determine the market for your staffing services and companies that have staffing needs; identify your top competitors in the staffing marketplace; project your revenues and expenses; and create a plan for marketing your business to medical professionals and clients.
Tax Identification Number
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An Employer Identification Number, also known as an EIN or Federal Tax Identification Number, is used to identify your business for tax purposes. If your staffing company has employees or operates as a corporation or partnership, you will need to apply for an EIN with the Internal Revenue Service on its website.
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State and Local Taxes and Licenses
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There are different tax requirements depending on your state and city and your business structure. To find out what tax licenses and forms you will need for your staffing business, contact your secretary of state and country treasurer's office. Certain states also require licenses for employment agencies and staffing firms. For example, in the state of Washington, any business that helps people obtain employment where the job seeker pays for the service must have an employment agency license.
Location
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You will likely need office space for your medical staffing company. At the very least you'll need enough room for one or two offices and a small conference room to conduct interviews with medical professionals. Contact a commercial realtor to discuss properties in your area.
Marketing Plan
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The marketing plan is an important component when starting a medical staffing company. It can help you get more clients for your business. There are several ways to market a medical staffing firm. Sign up on several job website boards to post your available jobs. Contact large hospitals, medical group practices, insurance companies and medical institutions to talk about their staffing needs. Develop a monthly email newsletter to send to human resources professionals that provides tips on effective hiring practices for medical staff members. Create a website where medical professionals can post a resume and clients can search your available fields of candidates.
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