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Employee Ownership & America's Founding

November 29, 2024

WE THE PEOPLE

Making the Case for Healthcare Provider Ownership of Staffing Companies

Employee Ownership and America’s Founding

The concept of a company being owned, operated and controlled by the workers of a company is as old as America herself. According to Corey Rosen, founder of the National Center for Employee Ownership, the history of employee ownership in America dates back to the 1770’s. It was the Founding Fathers’ view that a healthy economy is one in which ownership was less concentrated and employees got to share in the profits. Benjamin Franklin used this strategy to expand his print shop operation to neighboring colonies. Ben sold shares of his company to employees in exchange for Sweat Equity. See The History of Employee Ownership  - a Blog by the ESOP Association.

Employee Ownership in America Today

The NCEO’s site presents the various types of Employee Ownership Plans In the United States. They fall into two categories - Retirement Plans and Ownership Plans.

Retirement Plans help workers to share in the company’s success but contain transfer restrictions and for the most part, lack voting rights.

  • Employee Stock Option Plans. 
  • Employee Stock Purchase Plans 
  • Equity Compensation Plans 


Ownership Plans provide a means for workers to purchase shares of company stock.

  • Direct Stock Purchase Plans establishes employee savings plans for stock purchase
  • Worker Cooperatives sells shares of company stock directly to workers.
  • Sweat Equity Purchase Plans sell shares of company stock directly to workers in exchange for future Sweat Equity.


When the NCEO released its 2023 Employee Ownership List, they noted one health and home care company. Most are owned by an ESOP and one is a Worker Cooperative. 


This being the case, a recently formed company, Healthcare Pros Of America, Inc. is positioned to become the first employee owned company in the Healthcare Provider Space. It is also the first to offer common stock in exchange for Future Sweat Equity. The company’s founder believes that thousands of Healthcare Providers will band together under the banner of Healthcare Pros Of America, Inc. 


Healthcare Pros Of America, Inc., a Delaware Corporation

In the tradition of Benjamin Franklin, Healthcare Pros Of America, Inc. is a Healthcare Staffing Agency that is designed to be owned, operated and controlled by the Independent Healthcare Providers who staff the company. Each Independent Healthcare Provider that joins Healthcare Pros Of America,Inc. is granted one common share of Healthcare Pros Of America, Inc. stock upon beginning their first assignment. This fully vested share of common stock is granted to the Independent Healthcare Provider in exchange for Future Sweat Equity and comes with no transfer restrictions. 


Contact Business Development Director Kevin McCarthy kevin@healthcareprosofamerica.com for more information.

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Employer of Record Legal Responsibilities

By Rene Mallari • November 28, 2024
Understanding the legal responsibilities of an employer of record is vital before delving into the specifics. Hiring an EOR involves letting a third party, such as a business process outsourcing (BPO) provider, manage employer-related tasks. This service and the BPO firm’s data entry services and information technology (IT) assistance allow clients to focus on their strengths. Fulfilling an EOR’s legal duties is critical for BPO providers and other third-party vendors to build and retain client confidence. Here’s why: Minimize legal risks. EOR providers’ legal compliance shields clients. They prevent disputes and safeguard financial interests by managing employment matters according to laws and regulations. Enhance reputation and credibility. EOR providers’ legal fulfillment enhances clients’ professionalism and integrity, boosting their reputation and showcasing ethical and responsible operations. Ensure transparency and accountability. EOR vendors manage critical workforce aspects. Legal compliance fosters transparent and accountable business relationships and operations. Enable focus on core business activities. Compliance lets clients concentrate on core activities. Outsourcing to compliant EOR firms streamlines operations, allocating resources efficiently for business growth. Mitigate outsourcing risks. Fulfilling legal responsibilities helps clients mitigate the risks associated with outsourcing. They can rely on BPO providers offering customer service, IT support outsourcing, and EOR services to manage legal compliance effectively and protect their interests. Attract top talent. Skilled professionals value ethical and legal practices. Partnering with compliant service providers attracts top talent that prioritizes integrity and compliance. Facilitate market expansion. Legal compliance facilitates expansion and smooth operations in new markets. Compliant EOR vendors confidently manage employment matters for clients’ expansion. Build long-term partnerships. Fulfilling legal responsibilities fosters trust and confidence in the client-vendor relationship, laying the foundation for long-term partnerships. Clients will likely engage compliant EOR providers as trusted advisors.
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Procure An Assignment

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As an independent healthcare provider, marketing yourself directly to healthcare institutions offers a unique opportunity to control your career and financial future.
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