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The differences between hospital account managers and business account managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a hospital account manager and a business account manager. Additionally, a hospital account manager has an average salary of $97,387, which is higher than the $68,498 average annual salary of a business account manager.
The top three skills for a hospital account manager include customer service, patients and customer satisfaction. The most important skills for a business account manager are customer service, product knowledge, and account management.
| Hospital Account Manager | Business Account Manager | |
| Yearly salary | $97,387 | $68,498 |
| Hourly rate | $46.82 | $32.93 |
| Growth rate | 5% | 5% |
| Number of jobs | 110,403 | 212,532 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 71% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A hospital account manager serves as a liaison between the sales team and the customers. Your duties typically include ensuring that staff provides excellent customer service, cross-selling to customers, and marketing needs assessments. As a healthcare account manager, you are expected to give sales presentations as needed and get new accounts from medical centers, clinics, and hospitals. Additionally, this role will demand you to negotiate and sign contracts on behalf of the organization and ensure the availability of medical supplies to big clients.
Business Account Managers are experienced employees who manage client accounts. Companies usually employ them as distributors, retailers, manufacturers, or any other company with various business partnerships or dealings. They are in charge of managing the company's relationship with a specific client or group. They are the point of contact for these clients regarding requests or concerns related to company products or services. Business account managers ensure that the clients' concerns are properly addressed. They also ensure client loyalty and build harmonious working relationships with their assigned clients.
Hospital account managers and business account managers have different pay scales, as shown below.
| Hospital Account Manager | Business Account Manager | |
| Average salary | $97,387 | $68,498 |
| Salary range | Between $61,000 And $155,000 | Between $44,000 And $104,000 |
| Highest paying City | - | Redmond, WA |
| Highest paying state | - | New Jersey |
| Best paying company | - | Meta |
| Best paying industry | - | Technology |
There are a few differences between a hospital account manager and a business account manager in terms of educational background:
| Hospital Account Manager | Business Account Manager | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between hospital account managers' and business account managers' demographics:
| Hospital Account Manager | Business Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.9% Female, 47.1% | Male, 55.8% Female, 44.2% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |