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

<p>Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, jumps on the 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.</p> <p> </p> <p><strong>EPISODE HIGHLIGHTS</strong></p> <ul> <li>A Medical Director's role would include overviewing everything clinical-related in your practice such as protocols, forms, standing orders, etc.</li> <li>If you don't have a healthcare license, you need a Medical Director to oversee your practice.</li> <li>In some states, a physician is required to be the Medical Director, and sometimes, even own the medical practice.</li> <li>A workaround would be to run a Management Services Organization.</li> <li>As a provider (e.g., physician or nurse practitioner), you may or may not need a Medical Director. Review your state's Nurse Practice Act to see if you can practice independently.</li> <li>To find a Medical Director, start by scouring your network. The best case scenario would be to partner with someone you know, like, and trust.</li> <li>Another method would be to post on job sites with a thoroughly detailed job description. Look for state regulations regarding Medical Director's roles and responsibilities, put a salary, and hire them part-time at first.</li> <li>Another platform to look into is: <a href= "https://medicaldirectorsnow.com/">https://medicaldirectorsnow.com/</a></li> <li>Be prepared to pay a professional salary.</li> <li>A Medical Director’s fee would be somewhere in the range of $750-$1,500 or more per month, depending on various factors.</li> <li>There have been instances when businesses shut down due to the absence of a Medical Director, so always have a backup plan.</li> </ul> <p> </p> <p><strong>3 KEY POINTS</strong></p> <ol> <li>Do you need a Medical Director? - Review your state’s Nurse Practice Act</li> <li>How do you find a Medi