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Practice management consultant vs management analyst

The differences between practice management consultants and 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 management analyst. Additionally, a practice management consultant has an average salary of $92,700, which is higher than the $69,804 average annual salary of a 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 management analyst are customer service, project management, and logistics.

Practice management consultant vs management analyst overview

Practice Management ConsultantManagement Analyst
Yearly salary$92,700$69,804
Hourly rate$44.57$33.56
Growth rate11%11%
Number of jobs123,902169,171
Job satisfaction-5
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 66%
Average age4444
Years of experience44

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 management analyst do?

A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.

Practice management consultant vs management analyst salary

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

Practice Management ConsultantManagement Analyst
Average salary$92,700$69,804
Salary rangeBetween $66,000 And $130,000Between $49,000 And $98,000
Highest paying City-Washington, DC
Highest paying state-New Jersey
Best paying company-The Citadel
Best paying industry-Professional

Differences between practice management consultant and management analyst education

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

Practice Management ConsultantManagement Analyst
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityNorthwestern University

Practice management consultant vs management analyst demographics

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

Practice Management ConsultantManagement Analyst
Average age4444
Gender ratioMale, 50.3% Female, 49.7%Male, 46.5% Female, 53.5%
Race ratioBlack 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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2%
LGBT Percentage12%12%

Differences between practice management consultant and 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.
  • Show more

Management analyst example responsibilities.

  • Manage and mediate web communities for IRS online initiatives (management resource center, etc . )
  • Manage cross-functional and technical teams in the analysis, development, QA, implementation and support of products.
  • Update, manage, and configure Wiki and JIRA portals to reflect improvements and information sharing as the PMO evolves.
  • Perform reviews of select teams and programs to determine whether VBA and federal policies and guidelines are effectively implement and manage.
  • Lead JAD sessions to bring the business users and the scrum team to same converging point on requirements and change management.
  • Manage all technical documentation for PMI's certification program.
  • Show more

Practice management consultant vs 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 management analyst skills
  • Customer Service, 9%
  • Project Management, 7%
  • Logistics, 5%
  • Data Analysis, 5%
  • Process Improvement, 4%
  • Management System, 4%

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