Medical Practice Manager Salary
Job Description for Medical Practice Manager
A medical practice manager oversees the day-to-day operations of the medical facility. They typically supervise all office staff, and they are usually given responsibility for those hiring decisions. The normal duties of the medical practice manager involve scheduling of patients, maintaining records and overseeing any records clerks. They will usually work to ensure that systems regarding billing and insurance interfaces are maintained as well. The medical practice manager needs strong computer skills and is expected to be fluent with all aspects of general office software, as well as specific programs that handle billing, records, and scheduling. The medical practice manager may be required to update their own training and education as various regulations regarding insurance change over time.Read More...
The medical practice manager usually must have at least an associate's degree in their field, business, or a related field. Larger practices may require a bachelor’s degree. Three to five years of work experience in medical practices is usually required, and employers often require the manager to have medical practice office certifications. Persons in this occupation should expect to work 40 to 50 hours per week during regular business hours. The practice manager must possess excellent organizational skills, as well as strong verbal and written communications skills.
Medical Practice Manager Tasks
- Implement programs and procedures to improve operations efficiency.
- Manage overall operations of the specific practice's business functions (e.g. payroll, bank accounts, accounts payable).
- Manage staff and oversee budget and financial functions.
Common Career Paths for Medical Practice Manager
Though it's uncommon, some Medical Practice Managers move into roles as Practice Administrators, where they can earn incomes averaing out to a slightly higher $68K per year. A lot of Medical Practice Managers advance their careers by becoming Practice Managers and Medical Office Managers. However, those positions offer $3K less and $14K less per year on average.
Practice Manager Job Listings
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Popular Skills for Medical Practice Manager
Medical Practice Managers seem to require a rather large skill set. Most notably, skills in Information Technology Support, People Management, Operations Management, and Human Resources are correlated to pay that is above average. Skills that seem to negatively impact pay include Medicaid & Medicare Billing, Medical Terminology, and Accounts Receivable. Most people who know Electronic Medical Records also know Medical Coding.
Pay by Experience Level for Medical Practice Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Medical Practice Managers do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $51K, but folks who have been around for five to 10 years see a markedly higher median salary of $56K. Medical Practice Managers bring in $59K after working for 10 to 20 years. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $63K.
Pay Difference by Location
Professionals earn a generous sum in the three largest American cities: New York, Los Angeles, and Chicago each offer salaries above the national average. Falling short of the national average by 14 percent, the area with the worst salaries is Rochester. Columbus and Tampa are a couple other places where companies are known to pay below the median — salaries tend to be 10 percent less than the median.
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Key Stats for Medical Practice Manager
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