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The differences between practice management consultants and practice managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a practice management consultant, becoming a practice manager takes usually requires 4-6 years. Additionally, a practice manager has an average salary of $107,374, which is higher than the $92,700 average annual salary of a practice management consultant.
The top three skills for a practice management consultant include financial services, project management and business development. The most important skills for a practice manager are patients, patient care, and customer service.
| Practice Management Consultant | Practice Manager | |
| Yearly salary | $92,700 | $107,374 |
| Hourly rate | $44.57 | $51.62 |
| Growth rate | 11% | 28% |
| Number of jobs | 123,902 | 38,196 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 55% |
| Average age | 44 | 47 |
| Years of experience | 4 | 6 |
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.
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.
Practice management consultants and practice managers have different pay scales, as shown below.
| Practice Management Consultant | Practice Manager | |
| Average salary | $92,700 | $107,374 |
| Salary range | Between $66,000 And $130,000 | Between $65,000 And $175,000 |
| Highest paying City | - | Providence, RI |
| Highest paying state | - | Rhode Island |
| Best paying company | - | Davis Wright Tremaine |
| Best paying industry | - | Technology |
There are a few differences between a practice management consultant and a practice manager in terms of educational background:
| Practice Management Consultant | Practice Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between practice management consultants' and practice managers' demographics:
| Practice Management Consultant | Practice Manager | |
| Average age | 44 | 47 |
| Gender ratio | Male, 50.3% Female, 49.7% | Male, 25.3% Female, 74.7% |
| 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, 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% |