#325: Tactical Tuesday: Finding A Medical Director 101: When Do You Need One, How Can You Find One, & How Much Should You Pay One?

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OVERVIEW:

“Play by the rules, but be ferocious.” – Phil Knight

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, relives the discussion about a widely-requested topic of Medical Directors. Do you need a Medical Director? How do you find a Medical Director? How much should you pay a Medical Director? Tune into this episode as Jason dives deep into each of these questions.

EPISODE HIGHLIGHTS

  • A Medical Director's role would include overviewing everything clinical-related in your practice, such as protocols, forms, standing orders, etc.
  • If you don't have a healthcare license, you need a Medical Director to oversee your practice. In some states, a physician is required to be the Medical Director and, sometimes, even own the medical practice or run a Management Services Organization.
  • Review your state's Nurse Practice Act to see if you can practice independently.
  • To find a Medical Director, start by scouring your network with someone you know, like, and trust or posting on job sites with a thoroughly detailed job description.
  • Be prepared to pay a professional salary. A Medical Director's fee would be somewhere in the range of $750-$1,500 or more per month, depending on various factors.
  • Have a backup plan. Use platforms to hire your Medical Director, and it will save you tons of time and money in instances where businesses shut down due to the absence of a Medical Director.

TWEETABLE QUOTES

“Trying to find the cheapest way is not always the best idea. You usually get what you pay for.” – Jason A. Duprat

“You are paying for valuable service and you should be ready to compensate people on your team according to the amount of value they're delivering.” – Jason A. Duprat

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