Stitch PEO provides comprehensive outsourced administrative services specifically tailored for independent medical practices. The platform consolidates employee benefits administration, certified HR support, payroll processing, and compliance management into a single offering. This service helps healthcare groups optimize overhead costs while improving staff retention through competitive employment packages.
Funding
$8.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Independent medical practices face unique challenges in managing human resources, including providing competitive employee benefits, navigating complex HR regulations, and administering payroll efficiently. These administrative burdens can detract from patient care and impact practice profitability.
Solution
Stitch PEO is a Professional Employer Organization (PEO) designed specifically for independent medical practices, offering a comprehensive suite of HR solutions to alleviate administrative burdens and improve employee satisfaction. Stitch provides access to tiered medical, dental, and vision plans, as well as short and long-term disability and life insurance, and 401(k) retirement plans. The platform streamlines payroll administration, including employee onboarding, schedule management, biometric time-reporting, and tax withholding and filings. Stitch also offers certified HR expertise, a state-of-the-art Human Resource Information System (HRIS), and guidance on employee handbooks and policy development, ensuring compliance with federal, state, and local regulations.
Target Audience
Stitch PEO serves independent medical practices seeking to optimize HR functions, enhance employee benefits, and reduce administrative overhead.
Features
- Tiered medical, dental, and vision plans tailored for healthcare professionals
- Comprehensive benefits administration, including enrollment and claims support
- Streamlined payroll processing with direct deposit, early wage access, and pay cards
- Certified HR expertise and guidance on employee relations and compliance
- State-of-the-art HRIS platform for managing employee data and workflows
- Assistance with workers' compensation policy and risk management
- Employee handbook and policy development support
- Access to an Employee Assistance Program (EAP)