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Medical Practice Manager Salary

The majority of Medical Practice Managers in the United States — about three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $40K to $80K per year, and the median is $55K per year. In the world of Medical Practice Managers, total cash compensation can vary between $40K and $80K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $9K and $7K, respectively. Geography and experience level each impact pay for this group, with the former having the largest influence. Women make up the vast majority of Medical Practice Managers (86 percent) who answered the questionnaire. Unfortunately, some people in this line of work are without benefits — around one in four lack coverage. On the flip side, a fair number have medical insurance and slightly less than one-half receive dental plans. Job satisfaction is high and work is enjoyable for most Medical Practice Managers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
$40,604 - $80,167
(Median)
41K
48K
55K
67K
80K
MEDIAN: $55,414
10%
25%
50%
75%
90%

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$15.39 - $30.54
(Median)
15
19
22
26
31
MEDIAN: $21.00
10%
25%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$40,604 - $80,167  
   
Bonus
$0.00 - $8,726  
Profit Sharing
$789 - $7,096  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,579 - $80,287  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 472
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$15.39 - $30.54  
   
Overtime
$0.00 - $45.66  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$0.00 - $8,726  
   
Profit Sharing
$789 - $7,096  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,579 - $80,287  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 107
United States (change)

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.

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Medical Practice Manager Tasks

  • Implement programs and procedures to improve operations efficiency.
  • Manage staff and oversee budget and financial functions.
  • Manage overall operations of the specific practice’s business functions (e.g. payroll, bank accounts, accounts payable).

Common Career Paths for Medical Practice Manager


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Medical Practice Managers who go on to become Practice Administrators may see their salaries climb quite a bit. Median pay for Practice Administrators is $67K annually.

Practice Manager Job Listings

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Popular Skills for Medical Practice Manager


Survey results show that Medical Practice Managers use a fair number of skills. Most notably, skills in Accounting, Human Resources, Medicaid & Medicare Billing, and Operations Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Office Management, Billing, and Medical Coding. Those familiar with Electronic Medical Records also tend to know Medical Coding.

Pay by Experience Level for Medical Practice Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Medical Practice Managers — those with more experience do not necessarily bring in higher earnings. Salaries for inexperienced workers average out to $54K, and those with five to 10 years' experience earn a higher median of $51K. After working for 10 to 20 years, Medical Practice Managers make a median salary of $55K. In the end, more experience does seem to mean larger paychecks; seasoned Medical Practice Managers with more than 20 years of experience earn a predictably higher median salary of $58K.

Related Job Salaries

Experience Affects Medical Practice Manager Salaries



National Average
$54,000



Skills That Affect Medical Practice Manager Salaries

Accounting
up arrow 9%

Human Resources
up arrow 2%

Medicaid & Medicare Billing
up arrow 1%

National Average
$54,000

Electronic Medical Records (EMR)
up arrow 3%

Operations Management
up arrow 3%


Billing
up arrow 12%

Office Management
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 119 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
2%
1-4 years
16%
5-9 years
21%
10-19 years
31%
20 years or more
30%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 46%
vision benefits Vision: 37% employee benefits None: 25%