#112: Tactical Tuesday: Do I Need a Supervising Physician for my Practice?

Overview:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy podcast talks about supervising physicians and how to determine if you need one for your practice. Find out what a supervising physician is, where you can find one and how much he/she should be compensated.

EPISODE HIGHLIGHTS:

  • If you start your own medical or nursing practice, you may need a supervising or collaborating physician (MD or DO).

  • You can go to the Nurse Practice Act, which is on the Board of Nursing website, to determine if you need one.

  • You can also check with your professional nursing association or ask other healthcare professionals in your state.  

  • Supervising physicians are also called delegating or collaborating physicians.                 

  • Physician assistants cannot practice independently. They’re required to have physician supervision.

  • There are various types of agreements. Some states require formal written supervising physician protocol. Other states y require a written agreement. The least formal option is a verbal agreement.

  • If you need to hire a supervising physician, you can find one through your own network, job sites or headhunters.           

  • Typical compensation for supervising physicians can range from $500 to $2,000 monthly.

  • Consult an attorney if you want to pay a supervising physician based on a percentage of the practice’s revenue.

  • If you work in an opt-out state, CRNAs don’t need a supervising physician to be reimbursed by the Center for Medicaid Services.

3 KEY POINTS:

  1. Prior to starting a medical or nursing practice, check the Nurse Practice Act to see if you’ll need a supervising physician.

  2. You can source a supervising physician through your network, job sites or headhunters.

  3. If you work in an opt-out state, CRNAs don’t need a physician to be reimbursed by the Center for Medicaid Services.

TWEETABLE QUOTES:

  • “How do you find a supervising physician? The easiest way is in your network.” – Jason Duprat

  • “I highly recommend hiring an attorney to help you walk through this once you’ve sort of investigated it on your own. The attorney should be there to finalize and double check everything.” – Jason Duprat

RESOURCES MENTIONED:

#HealthcareEntrepreneurAcademy #HealthcareBoss #healthcare #entrepreneur #entrepreneurship #supervisingphysician #practiceowner #clinicowner #nursepractitioner #crna

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