Practice management consultants work with offices to help them improve their business and workplace efficiency. They can work in the financial industry or in healthcare, where they help medical practices work better. The day-to-day duties of a practice management consultant depend on the needs of their clients. They might use their project management skills to develop a more efficient workflow, implement new financial services in the office, or create a business development plan. Practice management consultants usually work for only a limited time with each client, swooping in to reorganize an office or practice before moving on to the next client.
Practice management consultants have pretty lucrative careers. On average, they earn $136,353 a year. However, they need to put in a lot of work before they are qualified.
Most practice management consultants have a bachelor's or even a master's degree in business, health care administration, or a similar field. They also need many years of office management experience before they can consult for other businesses.
There is more than meets the eye when it comes to being a practice management consultant. For example, did you know that they make an average of $42.65 an hour? That's $88,716 a year!
Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S.
There are certain skills that many practice management consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and interpersonal skills.
When it comes to the most important skills required to be a practice management consultant, we found that a lot of resumes listed 12.4% of practice management consultants included financial services, while 11.7% of resumes included project management, and 9.0% of resumes included business development. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the practice management consultant job title. But what industry to start with? Most practice management consultants actually find jobs in the health care and technology industries.
If you're interested in becoming a practice management consultant, one of the first things to consider is how much education you need. We've determined that 62.6% of practice management consultants have a bachelor's degree. In terms of higher education levels, we found that 18.4% of practice management consultants have master's degrees. Even though most practice management consultants have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a practice management consultant. When we researched the most common majors for a practice management consultant, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on practice management consultant resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a practice management consultant. In fact, many practice management consultant jobs require experience in a role such as practice manager. Meanwhile, many practice management consultants also have previous career experience in roles such as practice administrator or office manager.