What is Flexible Work?

Flexible work comes in several forms — they became prominent because of the COVID-19 Pandemic. While the medical and pharmaceutical industries are busy looking for cures and vaccines, other companies in several industries, whether big or small, are busy coping with the “new normal” by looking for methods, tools, and practices.

Don’t get us wrong, flexible work has long existed because of the desire of companies to practice work-life balance and create more benefits for employees but with the lack of study, experience, and tools, companies are struggling to fully embrace it. Flexible work, simply put, is offering flexible schedules and the ability to work anywhere to your employees so they can prioritize their personal lives. Tech giants like Apple, NVIDIA, and Cisco are just three of the long list of companies that offer flexible work opportunities.

6 common types of flexible work arrangements

1. Remote work: This work model uses technology to let employees complete tasks outside traditional office settings.
2. Hybrid work: Hybrid work blends remote and in-office work, offering flexibility and traditional office interactions.
3. Part-time work: Part-time work, also known as job sharing, involves employees working fewer hours than full-time work, providing flexibility and balance.
4. Four-day workweek: A four-day workweek compresses the standard work hours into four days, offering an extended weekend and improved work-life balance.
5. Flex time: Flex time allows employees to choose their working hours within set limits, providing greater flexibility and autonomy.
6. Output-based work: Output-based work focuses on achieving specific results rather than clocking in hours, emphasizing productivity and efficiency.

Is flexible working right for my company?

This depends on some factors like:

• Location
• Industry
• Team size
• Culture

To each their own, they say. That’s why choosing the right work model that suits your team relies on those factors we mentioned. Let’s get into more details to help you discover the best work type for you.

Benefits of flexible work arrangements

Benefits of flexibility for employers

• Less absenteeism
• Reduce cost
• Improves productivity
• Avoid potential burnout
• Increase employee engagement
• Improve employee retention
• Job satisfaction
• A wider range of talent

Benefits of flexibility for employees

• Flexible arrangements
• Alternative work arrangements
• Promotes healthy lifestyle
• Boost employee morale
• Reduce commute
• Improved work-life balance
• Increase efficiency

Is flexible work arrangement for healthcare providers?

How are flexible work arrangements useful for you and your employees?

Healthcare providers have been on the frontline of flexibility long before it became a buzzword. However, in today’s evolving world, flexible work arrangements have taken on a new dimension. Let’s dive into how healthcare providers can leverage these arrangements to benefit both their staff and their patients.

Types of flexible work arrangements for healthcare providers

Remote consultations

• Telemedicine: This isn’t just about being trendy; it’s about making healthcare accessible. Providers can offer virtual consultations, cutting down the need for everyone to trudge to the clinic for every little thing. Think of it as house calls for the digital age.
• Patient monitoring: With remote monitoring tools, managing chronic diseases becomes less about frequent hospital visits and more about living life. Patients update their health metrics from home, and providers can keep an eye on things without anyone needing to step out the door.

Flexible scheduling

• Shift flexibility: Allow staff to choose or adjust their shifts. No one likes being stuck in the 9-to-5 grind if it doesn’t fit their life. Offering a range of shift times or the option to swap shifts can make all the difference.
• Part-time and job sharing: Not everyone can do a full-time job, and that’s okay. By creating part-time positions or allowing job sharing, healthcare providers can accommodate those who need a bit more flexibility.

Hybrid models

• Combination of on-site and remote work: Providers can split their time between on-site duties and remote tasks. Imagine a doctor seeing patients in the clinic on certain days and catching up on paperwork from the comfort of their home office on others. Balance achieved.

Flexible hours

• Staggered start and end times: Allow providers to start and end their workday at different times. This can help reduce the mad rush during peak hours and make everyone’s day a little less hectic.
• Compressed work weeks: Offer the option to work longer hours for fewer days. For instance, four 10-hour days instead of five 8-hour days.

Implementing flexible work arrangements

• Assess needs and preferences: Ask your staff and patients what they want. Surveys or interviews can provide valuable insights into preferences for flexible work options.
• Establish clear policies: Develop guidelines for flexible work arrangements, setting clear expectations for availability, communication, and performance.
• Invest in technology: Make sure providers have the tech tools they need for remote work and telemedicine. Think of it as an investment in the future.
• Monitor and adjust: Regularly evaluate how these arrangements are working and make adjustments based on feedback. Flexibility goes both ways.

Examples in action

• Telehealth clinics: Many healthcare systems have successfully implemented telehealth services for routine care and follow-ups. It’s not just a fad; it’s the future.
• Flexible scheduling in hospitals: Some hospitals have adopted flexible shift scheduling to manage peak times and accommodate staff needs. Happy staff, happy life.

By embracing flexible work arrangements, healthcare providers can enhance their services, support their staff, and improve patient outcomes. It’s all about creating a balance that works for everyone.

Additional Information

Flexible work arrangements are not just transforming the way healthcare professionals operate; they’re also reshaping the landscape of how they manage their accounting, bookkeeping, and tax needs.

With the rise of telemedicine and remote consultations, healthcare providers often juggle irregular hours and diverse income streams. This is where specialized accounting solutions come into play, offering tailored services that accommodate the unique financial dynamics of flexible work policies.

From handling complex billing processes and ensuring compliance with healthcare regulations to managing fluctuating income and tax deductions, these solutions streamline financial management. By leveraging cloud-based bookkeeping systems and expert tax advisory services, healthcare professionals can focus on delivering top-notch care without getting bogged down by administrative burdens. It’s a holistic approach that recognizes the intricate balance between professional flexibility and financial stability.

Conclusion

This is your sign to leverage flexible work management. At Leichter Accounting Services, we practice workplace flexibility in our internationally distributed workforce. Discover how we can make your financial management stress-free. Our tailored solutions for flexible work arrangements ensure your accounting, bookkeeping, and tax needs are expertly handled. Focus on providing exceptional patient care while we take care of the complex billing, regulatory compliance, and fluctuating income. Embrace the balance of flexibility and financial stability.

We’re here to help.

Leichter Accounting Services is an experienced CPA firm with a passion for accounting and dedication to our clients. We devote our energy to ensuring you have a solid financial foundation for growth. We offer a range of accounting and financial services, including bookkeeping, financial reporting, tax preparation, and more.