1. University of Pennsylvania
Philadelphia, PA • Private
If you desire to work in the healthcare field but are not interested in giving direct care to patients or clients, then pursuing a career in administration as a practice manager may be an ideal role for you. It's an exciting role with lots of varied work, plenty of career rewards, and lucrative salaries. Besides having a high salary potential, a career as a practice manager provides benefits like being in one of the most recession-proof industries, ensuring a high level of job stability. You might be wondering who exactly is a practice manager. A practice manager is a healthcare professional who oversees the business side of the medical practice. They ensure the day-to-day operations run smoothly and meet the financial objectives. Whether your title is manager, physician practice manager, practice administrator, or executive director, as a practice manager, you may wear several different hats in making sure that medical practice runs smoothly and efficiently. Working as a practice manager, in addition to managerial tasks, your duties may include hiring and training administrative staff, keeping records, and managing budgets and payments. Being a practice manager, you may not only work under the supervision of a single-specialty physician, but you may work in a variety of settings, including hospital-based practice, diagnostic imaging center, ambulatory surgery center, or even in academic centers. Generally, working in a medical facility, you may work during regular business hours, but you may work during weekends when your medical office opens. Occasionally, you may work overtime or may travel for meetings and conferences.
To take the role of a practice manager, like any other administrative professionals in the industry, you may require a bachelor's degree in business management, human resources, or a related field. However, earning a master's degree in public administration or healthcare management may help fuel your resume. Most employers prefer an individual with a strong administrative, educational background, having a proven experience working in a managerial position in a clinic or medical setting. To be successful, you must have an eye for detail, excellent communication and organizational skills, and an ability to manage employees with different personalities and backgrounds effectively.
Working as a practice manager, you may also receive the emotional rewards of working alongside physicians, insurance representatives, healthcare staff members, and patients in handling the daily operations of your medical facility. Additionally, you may earn an average annual wage of $91,000. However, your additional years of experience in medical practice management may lead to sizable salary increases in the future. Above all, the demand for practice managers may expect to rise dramatically over the next decade. In fact, according to the Bureau of Labor Statistics, the employment of practice managers may grow at a rapid rate of 23 percent before 2022. This projected growth rate is more than twice the nation's average 11 percent increase across all other occupations. As the demand for medical services grows among the large aging baby boomer population, the job prospects become foreseeable to you as a practice manager.
There are certain skills that many practice managers 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 detail oriented, interpersonal skills and technical skills.
If you're interested in becoming a practice manager, one of the first things to consider is how much education you need. We've determined that 55.0% of practice managers have a bachelor's degree. In terms of higher education levels, we found that 13.8% of practice managers have master's degrees. Even though most practice managers have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a practice manager can determine their career goals through the career progression. For example, they could start out with a role such as director, progress to a title such as finance director and then eventually end up with the title finance services director.
What Am I Worth?
The role of a practice manager includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general practice manager responsibilities:
There are several types of practice manager, including:
Responsible for overseeing the entire operation, the manager has a lot of responsibility on his/her or her shoulders. When we say the entire operation, we mean planning, directing, and leading the organization.
Managers should expect to work a little more than a normal 40-hour week. Since they're in charge, they're expected to be available. That's why managers end up typically working 50 hours a week, sometimes you may get away with only working 45 hours, though.
The education requirements for managers vary depending on who you work for. You might be required to have a bachelor's degree, but you might also get away with an associate degree. Now, there are some management positions that require a master's degree but, again, it really all depends on where you take your management career.
As an office manager, you want to make sure everything is running smoothly, from the day-to-day responsibilities of everyone in the office to managing a small administrative staff, your role is pretty important.
Office managers typically work a normal schedule of 40 hours a week. This is a plus as it's definitely nothing crazy like other management positions when it comes to your schedule.
While leaving the office after 8 hours each day seems glamorous, it's not all daffodils and daisies. In fact, office managers tend to be under a lot of stress, most of the time. Contrary to the Michael Scott character who seemingly coasts by each day without getting much done, actual office managers stay under pressure from top management to make sure everything is running properly.
Nursing is not only a rewarding career but one that can be creative too. Although the nursing profession has been around for quite some time, many do not know the career growth it offers, simply because of preconceived notions of nursing being a stagnant role.
However, recently, caretaking is an area where hospitals and governments are focusing on improving to provide better care, such as for the elderly people, leading to an increase in nursing roles.
The role of a nursing director is in overseeing the operations of a nursing team. Their duties involve tasks such as developing strategic nursing department plans, establishing patient care policies, facilitating the patient admission process, and managing the departmental budget. Besides that, they also help in coordinating the training of nursing staffs.
Employers require nursing directors have a minimum of a bachelor's degree. However, a master's degree is preferred. In addition, at least five years of relevant nursing experience needs to be demonstrated. This role earns, on average, $37 per hour and suits an individual who has excellent managerial and nursing skills.
Mouse over a state to see the number of active practice manager jobs in each state. The darker areas on the map show where practice managers earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Los Angeles, CA • Private
Ann Arbor, MI • Private
Stanford, CA • Private
Chapel Hill, NC • Private
Durham, NC • Private
Stony Brook, NY • Private
Minneapolis, MN • Private
Irvine, CA • Private
Charlottesville, VA • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.7% of practice managers listed patients on their resume, but soft skills such as detail oriented and interpersonal skills are important as well.
Zippia allows you to choose from different easy-to-use Practice Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Practice Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a practice manager. The best states for people in this position are Rhode Island, Massachusetts, Vermont, and Connecticut. Practice managers make the most in Rhode Island with an average salary of $134,607. Whereas in Massachusetts and Vermont, they would average $134,318 and $125,650, respectively. While practice managers would only make an average of $122,615 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
2. Rhode Island
Creating a positive environment and helping the growth of the practice. The challenge of it all is the most exciting!
Unnecessary complications that could have been avoided by staff and/or physicians.
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|1||Ernst & Young||$140,473||$67.54||19|
|7||Massachusetts General Hospital||$118,299||$56.87||22|
Yes, you need a degree to be a practice manager. A person needs at least a bachelor's degree to become a medical practice manager. Popular degree programs for prospective medical practice managers include business, health policy, or economics.
To become a good practice manager, you must set a good example by demonstrating proper ethics, empathy, and continuing education. This means that good practice managers are always developing their hard and soft skills to exemplify what everyone working at the practice should be doing.
Practice managers make $100,000 per year, on average. The lowest 10% earned less than $60,000, and the highest 10% earned more than $195,000.
Salary for practice managers can vary significantly depending on several factors. These factors include the level of experience, educational achievements, size of the practice, and industry.