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The differences between practice managers and patient account 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 patient account manager. Additionally, a practice manager has an average salary of $107,374, which is higher than the $70,777 average annual salary of a patient account manager.
The top three skills for a practice manager include patients, patient care and customer service. The most important skills for a patient account manager are patients, customer service, and patient accounts.
| Practice Manager | Patient Account Manager | |
| Yearly salary | $107,374 | $70,777 |
| Hourly rate | $51.62 | $34.03 |
| Growth rate | 28% | 28% |
| Number of jobs | 38,196 | 152,009 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 55% |
| 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 patient account manager is responsible for supervising patient accounts, processing claims and payments, and resolving insurance discrepancies. Patient account managers coordinate with insurance companies to verify claims records and update patients' information in the database. They also handle the budget for the department and join the senior management in strategizing techniques to improve account operations and processes. A patient account manager must have excellent organizational and leadership skills, especially in managing disputes and assisting the patient account representatives with their inquiries and concerns.
Practice managers and patient account managers have different pay scales, as shown below.
| Practice Manager | Patient Account Manager | |
| Average salary | $107,374 | $70,777 |
| Salary range | Between $65,000 And $175,000 | Between $42,000 And $117,000 |
| 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 manager and a patient account manager in terms of educational background:
| Practice Manager | Patient Account Manager | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between practice managers' and patient account managers' demographics:
| Practice Manager | Patient Account Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 25.3% Female, 74.7% | Male, 20.2% Female, 79.8% |
| 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, 11.9% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 7.1% White, 61.1% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 12% | 12% |