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Finance/office manager vs medical office manager

The differences between finance/office managers and medical office managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance/office manager, becoming a medical office manager takes usually requires 4-6 years. Additionally, a finance/office manager has an average salary of $76,827, which is higher than the $46,435 average annual salary of a medical office manager.

The top three skills for a finance/office manager include payroll processing, office procedures and customer service. The most important skills for a medical office manager are patients, office procedures, and payroll.

Finance/office manager vs medical office manager overview

Finance/Office ManagerMedical Office Manager
Yearly salary$76,827$46,435
Hourly rate$36.94$22.32
Growth rate17%28%
Number of jobs135,729100,339
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 36%
Average age4647
Years of experience86

Finance/office manager vs medical office manager salary

Finance/office managers and medical office managers have different pay scales, as shown below.

Finance/Office ManagerMedical Office Manager
Average salary$76,827$46,435
Salary rangeBetween $48,000 And $122,000Between $29,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New Jersey
Best paying company-Community Health Connections
Best paying industry-Health Care

Differences between finance/office manager and medical office manager education

There are a few differences between a finance/office manager and a medical office manager in terms of educational background:

Finance/Office ManagerMedical Office Manager
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 36%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance/office manager vs medical office manager demographics

Here are the differences between finance/office managers' and medical office managers' demographics:

Finance/Office ManagerMedical Office Manager
Average age4647
Gender ratioMale, 18.4% Female, 81.6%Male, 11.0% Female, 89.0%
Race ratioBlack or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.6% White, 64.5% American Indian and Alaska Native, 0.3%Black or African American, 11.4% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 7.5% White, 61.2% American Indian and Alaska Native, 0.7%
LGBT Percentage11%12%

Differences between finance/office manager and medical office manager duties and responsibilities

Finance/office manager example responsibilities.

  • Manage procedural implementation for transition of office to HIPPA regulatory compliance and Medicare PQRI guidelines.
  • Prepare year-end summary information for preparation of corporate tax returns on a cash basis by third party CPA.
  • Organize audit and tax schedules and deal with any queries from the contracted CPA firm.
  • Process A/P & A/R's, invoices, various documents, process checks/balance bank account, in QuickBooks.
  • Maintain all corporate financial records using QuickBooks.
  • Perform accounts receivable duties including invoicing, discrepancies, issuing credit memos, reconciliations and responding to customer requests for documentation
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Medical office manager example responsibilities.

  • Manage and facilitate manuscript preparation of oncology clinical trials results arising from currently market and pipeline drugs.
  • Provide educational materials to patients and communicate with patients regarding inquiries and complaints to ensure patient satisfaction.
  • Attend many seminars concerning insurance procedures and updates on HIPPA regulations.
  • Maintain patient records, adhering to confidentiality policies and HIPPA regulations.
  • Perform x-rays as necessary and communicate with surgeons to interpret procedure clearly to Spanish speaking patients.
  • Protect the security of medical records and information in accordance with HIPAA regulations to ensure that confidentially are maintained.
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Finance/office manager vs medical office manager skills

Common finance/office manager skills
  • Payroll Processing, 19%
  • Office Procedures, 12%
  • Customer Service, 9%
  • Human Resources, 4%
  • Accounts Receivables, 3%
  • General Ledger, 3%
Common medical office manager skills
  • Patients, 24%
  • Office Procedures, 7%
  • Payroll, 5%
  • Medical Billing, 4%
  • Patient Care, 4%
  • Front Desk, 4%

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