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The differences between practice managers and medical consultants 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 medical consultant. Additionally, a medical consultant has an average salary of $194,384, which is higher than the $107,374 average annual salary of a practice manager.
The top three skills for a practice manager include patients, patient care and customer service. The most important skills for a medical consultant are patients, patient care, and surgery.
| Practice Manager | Medical Consultant | |
| Yearly salary | $107,374 | $194,384 |
| Hourly rate | $51.62 | $93.45 |
| Growth rate | 28% | 28% |
| Number of jobs | 38,196 | 77,013 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 47% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
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.
A medical consultant assists doctors and other medical staff in running a healthcare facility. They give advice on matters such as salaries, staffing, advertising, safety, patient confidentiality and insurance plan compliance. They are also responsible for gathering and analyzing data, coming up with conclusions, providing recommendations to the employer, helping the institution ensure they are compliant with insurance and safety standards, and offering advice that will help optimize the performance of the health facility.
Practice managers and medical consultants have different pay scales, as shown below.
| Practice Manager | Medical Consultant | |
| Average salary | $107,374 | $194,384 |
| Salary range | Between $65,000 And $175,000 | Between $100,000 And $374,000 |
| Highest paying City | Providence, RI | Chicago, IL |
| Highest paying state | Rhode Island | Delaware |
| Best paying company | Davis Wright Tremaine | Berkshire Hathaway |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between a practice manager and a medical consultant in terms of educational background:
| Practice Manager | Medical Consultant | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 47% |
| Most common major | Business | Nursing |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between practice managers' and medical consultants' demographics:
| Practice Manager | Medical Consultant | |
| Average age | 47 | 47 |
| Gender ratio | Male, 25.3% Female, 74.7% | Male, 46.4% Female, 53.6% |
| 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, 11.7% Unknown, 4.3% Hispanic or Latino, 14.3% Asian, 8.0% White, 61.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 12% | 12% |