Practice management consultant vs finance management analyst

The differences between practice management consultants and finance management analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a practice management consultant and a finance management analyst. Additionally, a practice management consultant has an average salary of $92,700, which is higher than the $71,934 average annual salary of a finance management analyst.

The top three skills for a practice management consultant include financial services, project management and business development. The most important skills for a finance management analyst are financial management, financial issues, and management reports.

Practice management consultant vs finance management analyst overview

	Practice Management Consultant	Finance Management Analyst
Yearly salary	$92,700	$71,934
Hourly rate	$44.57	$34.58
Growth rate	11%	11%
Number of jobs	123,902	184,284
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	4	4

What does a practice management consultant do?

Practice management consultants need a bachelor's or master's degree in business, health policy, or economics. They also need a strong skill set in communication, problem-solving, analysis, flexibility, and teamwork in order to be successful in this career. Those who choose this career path work with providers and practice managers to identify and quantify practice management issues and implement solutions to these problems.

What does a finance management analyst do?

A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.

Practice management consultant vs finance management analyst salary

Practice management consultants and finance management analysts have different pay scales, as shown below.

	Practice Management Consultant	Finance Management Analyst
Average salary	$92,700	$71,934
Salary range	Between $66,000 And $130,000	Between $49,000 And $104,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Apple
Best paying industry	-	Government

Differences between practice management consultant and finance management analyst education

There are a few differences between a practice management consultant and a finance management analyst in terms of educational background:

	Practice Management Consultant	Finance Management Analyst
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Practice management consultant vs finance management analyst demographics

Here are the differences between practice management consultants' and finance management analysts' demographics:

	Practice Management Consultant	Finance Management Analyst
Average age	44	44
Gender ratio	Male, 50.3% Female, 49.7%	Male, 54.2% Female, 45.8%
Race ratio	Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 11.8% White, 66.1% American Indian and Alaska Native, 0.2%	Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between practice management consultant and finance management analyst duties and responsibilities

Practice management consultant example responsibilities.

Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
Provide overall implementation of AllScripts EMR; develop and oversee implementation project milestones.
Solve lab EHR interface problems.
Implement all billing software upgrades and HIPAA compliance.
Provide in-service for physicians and staff on CPT coding.
Audit medical records for proper CPT (procedural) coding.

Finance management analyst example responsibilities.

Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
Review DTS authorizations for every traveler belonging to AEC.
Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.
Calculate salaries in preparation to cost transfer in GFEBS to the correct cost centers/ WBS elements (cost collectors).
Maintain accounting practices for the ambulatory surgery center in QuickBooks.

Practice management consultant vs finance management analyst skills

Common practice management consultant skills

Financial Services, 15%
Project Management, 14%
Business Development, 8%
Human Resources, 8%
Client Relationships, 7%
Risk Management, 6%

Common finance management analyst skills

Financial Management, 13%
Financial Issues, 10%
Management Reports, 9%
Financial Policies, 9%
DOD, 9%
Budget Estimates, 8%

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Practice Management Consultant
Practice Management Consultant vs Finance Management Analyst

Updated January 8, 2025

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