Practice manager vs business manager

The differences between practice managers and business managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a practice manager and a business manager. Additionally, a practice manager has an average salary of $107,374, which is higher than the $83,198 average annual salary of a business manager.

The top three skills for a practice manager include patients, patient care and customer service. The most important skills for a business manager are customer service, powerpoint, and project management.

Practice manager vs business manager overview

	Practice Manager	Business Manager
Yearly salary	$107,374	$83,198
Hourly rate	$51.62	$40.00
Growth rate	28%	6%
Number of jobs	38,196	377,191
Job satisfaction	4	5
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 65%
Average age	47	44
Years of experience	6	6

What does a practice manager do?

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.

What does a business manager do?

A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures. A business manager must have excellent leadership and interpersonal skills to supervise daily operations.

Practice manager vs business manager salary

Practice managers and business managers have different pay scales, as shown below.

	Practice Manager	Business Manager
Average salary	$107,374	$83,198
Salary range	Between $65,000 And $175,000	Between $47,000 And $145,000
Highest paying City	Providence, RI	Seattle, WA
Highest paying state	Rhode Island	Washington
Best paying company	Davis Wright Tremaine	The Citadel
Best paying industry	Technology	Technology

Differences between practice manager and business manager education

There are a few differences between a practice manager and a business manager in terms of educational background:

	Practice Manager	Business Manager
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Practice manager vs business manager demographics

Here are the differences between practice managers' and business managers' demographics:

	Practice Manager	Business Manager
Average age	47	44
Gender ratio	Male, 25.3% Female, 74.7%	Male, 43.2% Female, 56.8%
Race ratio	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%	Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5%
LGBT Percentage	12%	10%

Differences between practice manager and business manager duties and responsibilities

Practice manager example responsibilities.

Secure new engagements worldwide, and lead numerous ERP and CRM initiatives.
Manage a great team of 7 consultants that deliver outstanding ERP solutions.
Supervise and manage a staff of 12.5 FTE personnel and 4 FTE physicians.
Accomplish at applying knowledge of veterinary science and compassion for animals to ensure optimal care.
Manage all aspects of establishing, setting and implementing standards and work processes to ensure well running PMO.
Manage the selection process and implementation of the practice's EMR by reviewing and updating the system as needed.

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Business manager example responsibilities.

Coordinate and manage hvac projects from estimate to invoice.
Manage accounting, treasury, and process improvement initiatives to effect financial turnaround of CMRO business unit.
Manage and supervise firm operations on a daily basis including purchases, accounting, scheduling of vendors, attorney and CPA.
Create solutions in the areas of invoicing, AR reporting and payment methods that lead to system improvements and streamline processes.
Manage all human resource activities, operational processes and financial oversight.
Develop internal operating procedures design to achieve efficient clinic operations and maximum service to patients.

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Practice manager vs business manager skills

Common practice manager skills

Patients, 17%
Patient Care, 8%
Customer Service, 6%
PET, 5%
Practice Management, 4%
Payroll, 3%

Common business manager skills

Customer Service, 21%
PowerPoint, 7%
Project Management, 6%
Human Resources, 6%
Payroll Taxes, 5%
Business Plan, 4%

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Updated January 8, 2025

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