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The differences between managed care directors and practice managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a managed care director and a practice manager. Additionally, a practice manager has an average salary of $107,374, which is higher than the $84,817 average annual salary of a managed care director.
The top three skills for a managed care director include patients, patient care and social work. The most important skills for a practice manager are patients, patient care, and customer service.
| Managed Care Director | Practice Manager | |
| Yearly salary | $84,817 | $107,374 |
| Hourly rate | $40.78 | $51.62 |
| Growth rate | 28% | 28% |
| Number of jobs | 93,987 | 38,196 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 55% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A managed care director is responsible for providing quality care services for the patients by supervising clinical operations and managing medical staff. Managed care directors review all the medical activities in the institution and disseminate communications across the organization. They coordinate with health care providers, negotiate contracts with suppliers and medical organizations, verify insurance details, analyze financial transactions, and implement policies for strict compliance. A managed care director must have excellent communication and organizational skills, especially in handling the department's performance and strategizing to improve services.
A practice manager is responsible for supervising daily operations, especially on the side of the medical industry. Practice managers monitor staffing needs, train new employees, and evaluate the employees' productivity and performance. They also enforce strict guidelines and procedures, ensuring that the processes adhere to the legal standards and regulatory requirements. Practice managers also maintain budget goals, creating cost estimates and expense reports. A practice manager must have strong communication, analytical, and critical-thinking skills, as well as comprehensive knowledge of the medical industry practices.
Managed care directors and practice managers have different pay scales, as shown below.
| Managed Care Director | Practice Manager | |
| Average salary | $84,817 | $107,374 |
| Salary range | Between $53,000 And $134,000 | Between $65,000 And $175,000 |
| Highest paying City | Edison, NJ | Providence, RI |
| Highest paying state | Connecticut | Rhode Island |
| Best paying company | Sanofi Genzyme | Davis Wright Tremaine |
| Best paying industry | Health Care | Technology |
There are a few differences between a managed care director and a practice manager in terms of educational background:
| Managed Care Director | Practice Manager | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 55% |
| Most common major | Nursing | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managed care directors' and practice managers' demographics:
| Managed Care Director | Practice Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 28.5% Female, 71.5% | Male, 25.3% Female, 74.7% |
| Race ratio | Black or African American, 11.0% Unknown, 4.3% Hispanic or Latino, 14.8% Asian, 7.9% White, 61.3% American Indian and Alaska Native, 0.7% | Black or African American, 11.9% Unknown, 4.3% Hispanic or Latino, 14.2% Asian, 7.9% White, 61.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 12% | 12% |