Education
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 can be found on the Board of Nursing website, to determine if you need one. Supervising physicians are also referred to as delegating or collaborating physicians. In addition to the Nurse Practice Act, you can also check with your professional nursing association or ask other healthcare professionals in your state regarding hiring a supervising physician for your practice. To date, physician assistants cannot practice independently. They are required to have physician supervision. There are various types of agreements. Some states may require formal written supervising physician protocol. Other states may only require a written agreement. The least formal option is a verbal agreement. If you do need to hire a supervising physician, you can find one through your own network, job sites or headhunters. If you choose to work with a headhunter, they'll charge 20-30% of the salary package. Typical compensation for supervising physicians can range from $500 to $2,000 monthly. Jason recommends consulting an attorney if you want to pay a supervising physician based on a percentage of the practice or clinic's revenue. If you work in an opt-out state, CRNAs do not need a supervising physician to be reimbursed by the Center for Medicaid Services. 3 KEY POINTS: Prior to starting a medical or nursing practice, check the Nurse Practice Act to see if you’ll need a supervising or collaborating physician. You can source a supervising physician through your network, job sites or headhunters. If you work in an opt-out state, CRNAs do not 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: Healthcare Entrepreneur Academy for Digital Businesses - https://www.facebook.com/groups/HeathcareEntrepreneurAcademy/?source_id=1141195802735810 Healthcare Entrepreneur Academy for Brick & Mortar Businesses - https://www.facebook.com/groups/HealthcareEntrepreneurAcademyBrickandMortar/?hc_location=ufi Healthcare Entrepreneur Academy Facebook Group - https://www.jasonduprat.com/group Ketamine Academy Free Training Presentation - https://www.jasonduprat.com/listen/2020/6/30/111-choosing-the-best-enrollment-model-for-online-courses IV Therapy Academy - https://www.ivnutritionaltherapycourse.com Indeed Website - https://www.indeed.com/ Glassdoor Website - https://www.glassdoor.com Monster Website - https://www.monster.com #HealthcareEntrepreneurAcademy #HealthcareBoss #healthcare #entrepreneur #entrepreneurship #supervisingphysician #practiceowner #clinicowner #nursepractitioner #crna