How to Become a CMO with Dr. Sunil Madan [Limitless MD, Episode 117]

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 do 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:
00:00 Welcome back to another episode of the Limitless MD podcast
00:50 Introduction of Dr. Sunil Madan
01:41 Sunil’s origin story
02:47 First steps for becoming a CMO
04:23 How getting a mentor can help you
05:01 Importance of execution for doctors
06:00 The transition from manager to leader
07:24 Next steps for experienced doctors to be CMOs
09:06 Dealing with the criticism from MDs to CMOs
10:50 Current models of quality over cost in different hospitals
12:40 Members of the leadership team in a hospital
14:02 How to have lasting power as a CMO
15:47 Navigating the changing dynamics of a hospital
17:53 What to do to get out of the comfort zone and keep learning
19:20 Why Sunil misses practicing medicine at the present time
20:02 Advice for doctors who want to explore new opportunities
21:20 Effects of the rise of private equity in the medical space
23:18 What to do in detail if you want to be the executive of a hospital
24:36 Being the director of your department before becoming the CMO
25:23 Making the jump from being a physician to a hospital leader
26:11 Why do some hospitals choose inside CMOs and others don’t
27:01 What’s next for Sunil
28:24 How to get in touch with Sunil
Resources:
– Join our Free community of high-performing physicians: the Physician Wealth Accelerator
– https://vikramraya.com/programs/
– Sign up to my email list
– Apply to work with Vik and book a clarity call here
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Connect with Vikram:
– Website: https://vikramraya.com/
– Instagram: https://www.instagram.com/vikramraya/
– Facebook: https://www.facebook.com/Vikramrayamd
– LinkedIn: http://www.linkedin.com/in/vikramraya/
– YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQ
Connect with Dr. Sunil Madan:
– Email: sunil.i.madan@gmail.com
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