Practice management consultant vs strategy consultant

The differences between practice management consultants and strategy consultants 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 strategy consultant. Additionally, a strategy consultant has an average salary of $115,244, 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 strategy consultant are healthcare, project management, and develop recommendations.

Practice management consultant vs strategy consultant overview

	Practice Management Consultant	Strategy Consultant
Yearly salary	$92,700	$115,244
Hourly rate	$44.57	$55.41
Growth rate	11%	11%
Number of jobs	123,902	70,241
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 66%
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 strategy consultant do?

A strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer. Typically, their responsibilities revolve around discussing business vision and goals with clients, assessing the workflow and the workforce of a company, observing competitors, identifying risks, and recommending strategies for profitable growth and customer satisfaction. Furthermore, as a strategy consultant, it is essential to adhere to the company's vision and mission throughout the process.

Practice management consultant vs strategy consultant salary

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

	Practice Management Consultant	Strategy Consultant
Average salary	$92,700	$115,244
Salary range	Between $66,000 And $130,000	Between $87,000 And $151,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	Alaska
Best paying company	-	Mayo Clinic
Best paying industry	-	Finance

Differences between practice management consultant and strategy consultant education

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

	Practice Management Consultant	Strategy Consultant
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Practice management consultant vs strategy consultant demographics

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

	Practice Management Consultant	Strategy Consultant
Average age	44	44
Gender ratio	Male, 50.3% Female, 49.7%	Male, 63.1% Female, 36.9%
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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between practice management consultant and strategy consultant 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.

Strategy consultant example responsibilities.

Lead project to ensure integration of CMS and other regulations (HIPAA etc . )
Achieve SOX compliance requirements across organization.
Manage the remediation process using SDLC methodology.
Develop and manage all front-of-house operations / logistics including guest control planning, security, celebrity appearances and executive presentations.
Develop and manage value-based pricing strategy that maximize profitability and marketability of limited-inventory advertising portfolio.
Provide business development and growth direction to technology focuse entrepreneurs and small businesses.

Practice management consultant vs strategy consultant 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 strategy consultant skills

Healthcare, 7%
Project Management, 6%
Develop Recommendations, 6%
Client Facing, 5%
Market Research, 5%
Business Development, 4%

Practice Management Consultant vs. similar jobs

Practice Management Consultant related careers

Practice Management Consultant related jobs

What similar roles do

Zippia Careers
Business and Financial Industry
Practice Management Consultant
Practice Management Consultant vs Strategy Consultant

Updated January 8, 2025

Browse business and financial jobs