The Limitless MD How to Become a CMO with Dr. Sunil Madan
There's no direct path to becoming a hospital's CMO (Chief Medical Officer). However, you certainly need to have an affinity for learning. Besides incorporating the knots and bolts of the business, you need to find a mentor who can guide you through every step of the process. Furthermore, focusing on the execution of projects rather than perfecting them is crucial for this position. But don't take it from me. Today's guest will explain what it looks like for doctors to get into a hospital's leadership.
Dr. Sunil Madan is the real deal. He's been an acclaimed and reputable ER doctor in Maryland. At the present time, Sunil is the Chief Medical Officer at Luminis Health. Moreover, he's an entrepreneur at heart. As well as starting clinics and venture capital companies, he has explored artificial intelligence and digital assistance.
These are some of the topics we cover during the episode:
- First steps for becoming a CMO
- The transition from manager to leader
- Dealing with the criticism from MDs to CMOs
- Advice for doctors who want to explore new opportunities
- Why some hospitals choose inside CMOs, and others don't
You don't necessarily have to have an MBA to be a CMO. However, you need to acquire some sort of leadership training. You would also benefit from having a deep understanding of finance, business, and management. If this is a path you are considering, don't hesitate to contact Sunil or me for further guidance. You got this. Be phenomenal.
“It’s all about execution. You can have a million ideas, but it’s all about execution.” - Dr. Sunil Madan
In This Episode:
- Welcome back to another episode of the Limitless MD podcast
- Introduction of Dr. Sunil Madan
- Sunil’s origin story
- First steps for becoming a CMO
- How getting a mentor can help you
- Importance of execution for doctors
- The transition from manager to leader
- Next steps for experienced doctors to be CMOs
- Dealing with the criticism from MDs to CMOs
- Current models of quality over cost in different hospitals
- Members of the leadership team in a hospital
- How to have lasting power as a CMO
- Navigating the changing dynamics of a hospital
- What to do to get out of the comfort zone and keep learning
- Why Sunil misses practicing medicine
- Advice for doctors who want to explore new opportunities
- Effects of the rise of private equity in the medical space
- What to do in detail if you want to be the executive of a hospital
- Being the director of your department before becoming the CMO
- Making the jump from being a physician to a hospital leader
- Why do some hospitals choose inside CMOs and others don’t?
- What’s next for Sunil
- How to get in touch with Sunil
Resources:
- Join our Free community of high-performing physicians: the Physician Wealth Accelerator https://limitless-md.mn.co/
- https://vikramraya.com/programs/
- Sign up to my email list - https://vikramraya.com/
- Apply to work with Vik and book a clarity call here - https://bit.ly/3CXuigz
- Group Coaching Now Open! Apply Here - https://www.theultramd.com/high-achieving-physicians
Connect with Dr. Sunil Madan:
- Email: sunil.i.madan@gmail.com
Connect with Vikram:
- Website: https://vikramraya.com
- Instagram: https://www.instagram.com/vikramraya/
- Facebook: https://www.facebook.com/Vikramrayamd
- LinkedIn: http://www.linkwithvik.com
- YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQ
Special Thank You to Music Provided by Music Library https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free