Further Insights into the Career
Medical Director roles are predominant in conventional settings, primarily clinics, and are part of a group. Therefore, unlike other medical careers, solo practice as a Medical Director is an unlikely route for individuals.
Medical Directors are clinical jobs that are administrative and managerial. Therefore, as a Medical Director, you are responsible for management even at the base level, such as providing for every patient, employee, and the directorial board.
Medical Directors vs Medical Supervisors
The difference between both roles lies in seniority and the extent of responsibility. Medical Directors have substantial responsibilities as they supervise all operations within a medical facility, including budgets, health law compliance, and ensuring the needs of the employees and patients are being met. However, medical supervisors work with Medical Directors on specific tasks, such as recruitment or performance appraisal. A medical supervisor may act as a Medical Director in the case of the latter’s absence or leave.
DIFFERENT MODELS OF MEDICAL PRACTICE
In their capacity as practising physicians, Medical Directors may opt for any one of the various forms of medical practice, such as solo, group, employed, or locum tenens. However, as Medical Directors, they are unlikely to engage in solo practice.
Solo Practice
Suburban or rural areas with significant medical needs and less competition suit solo practice. Remember that while you can grow and develop your unique style of medical care, it involves considerable effort, time and financial risk. Within the solo practice, Medical Directors have individual freedom, which can affect various benefits, such as creating closer relationships with the employees and patients and the ability to charter your growth.
Group Practice
The group practice may comprise single-speciality or multi-speciality providers. Physicians in this model enjoy financial security and have administrative staff to focus more time and energy on patient care. However, autonomy and decision-making ability decrease, increasing the risk of conflict around significant practice issues. Larger practices also tend to become more bureaucratic and policy-driven.
Employed Physician Practice
The physician can focus on practising medicine because the employer takes over the financial and administrative responsibilities of running the practice. However, your work schedule and activities will be controlled by those who develop the policies and procedures.
Other Types of Medical Practice
Some physicians work as independent contractors in a solo or group practice; they may share financial responsibility and flexibility in clinical practice but may not be free to make all decisions.
Locum tenens (literally “place holder”) is an alternative to more permanent employment. Locum tenens positions are temporary (up to a year) offered by practices, hospitals, or healthcare organisations with an unfilled clinical need. The compensation rate is generally higher than what the permanent position would suggest. Locum tenens allows physicians to gauge a specific type of practice or location without committing to long-term employment.