How to Become an EPIC Consultant | With Vince

Previous Recording with Vince here:
• How to get EPIC Certif...
Candid Conversations: How to Become An EPIC Consultant
This is our follow up video with Vince where we answer some questions from the viewers from the previous conversation. We talk in detail about the technicalities of what an EPIC consultant is - Vince defines the role for us. We talk about the steps that need to be taken so one can be hired as an independent consultant. Then towards the end we answer some specific questions from some of our other viewers.
Steps taken to become an EPIC Consultant?
Certified first
Gain experience as analyst
Interview with recruiters
On LinkedIn
Update profile
Share certifications
Add experience
Recruiters
Recruiter will reach out for specific EPIC needs with a contract offer (3-6 mo, etc)
Recruiter will connect with hospital to see if you’re a good fit
1099 vs W2
W2 - Benefits, Taxes withheld, PTO - Get paid after taxes taken
1099 - No benefits, No PTO, No insurance, No taxes withholding - Get paid before taxes taken out.
Direct Hire
W2 - Full time employment staff for hospital
Consultant
W2 for a consulting firm - Full time employee for the firm
W2 - Temp hire - Can work for a firm as consultant (contract based - may need to extend contract)
1099 - Can work for firm as consultant
Corp to Corp?
Submit EIN for your business vs a regular 1099 where you submit your Social or personal EIN. Disclaimer - Check with accountant.
LLC vs S Corp?
Depending on designation, taxes may apply differently. Check with accountant. Have an EIN?
Your EIN or business (LLC, S-Corp)
Workers Comp Insurance?
May not be needed if no employees
General Liability Insurance? Up to 1mil
For W2, the employer may be liable for any damages
For independent contractor (1099 consultant, corp to corp) may need insurance
(Check with staffing firm, get legal advice, accountant advice)
Direct Hire FTE - ~ 48 an hour for example
Consultant Rate - ~ 60-100 an hour for example (No vacation time, insurance, etc)
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