How much does a Practice Manager make?
A Practice Manager plays a key role in the smooth running of healthcare facilities. This role involves overseeing daily operations and making sure the practice runs efficiently. Knowing the salary range can help job seekers understand the value and rewards of this role. The average yearly salary for a Practice Manager is $80,298. This amount can vary based on experience, location, and the size of the healthcare facility.
The salary range for Practice Managers can be quite broad. The lowest 10% earn about $43,609 a year. Those in the top 10% can earn upwards of $207,450 annually. Here is a quick look at the salary distribution:
- 10% earn less than $43,609
- 25% earn less than $58,504
- 50% earn less than $73,398
- 75% earn less than $103,188
- 90% earn less than $132,977
What are the highest paying cities for a Practice Manager?
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Sacramento, CA
Average Salary: $133,783
In Sacramento, you can lead a healthcare team at a top-tier facility. Many renowned medical centers offer positions that demand strong leadership and healthcare management skills. With its growing economy, Sacramento presents great opportunities for career advancement.
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Seattle, WA
Average Salary: $131,375
Seattle's healthcare sector is bustling with innovation. Managing a practice here means working in a city known for its advanced medical technologies. Large healthcare companies provide extensive training and career growth. Seattle also offers a high quality of life, making it an attractive location for professionals.
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San Diego, CA
Average Salary: $128,445
San Diego offers a vibrant work environment for healthcare leaders. The city is home to many well-known medical institutions. Here, you can manage teams in a supportive community that values health and wellness. The cost of living is high, but the benefits and opportunities are rewarding.
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San Francisco, CA
Average Salary: $125,722
In San Francisco, you can manage a healthcare practice in a tech-driven city. The healthcare industry here is innovative and collaborative. Working with prominent healthcare firms, you'll enjoy a dynamic work environment. The city’s diverse culture and excellent amenities enhance the overall experience.
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Washington, DC
Average Salary: $118,064
Washington, DC, is a hub for healthcare management. Leading a practice in the nation's capital means working in a politically active and health-conscious environment. Opportunities with major health organizations are plentiful. The city offers a rich cultural scene and many professional networking events.
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Chicago, IL
Average Salary: $112,064
Chicago offers a vibrant healthcare scene with many large medical centers. Managing a practice here means leading in a city known for its healthcare excellence. You’ll have access to top-tier training and professional development. The diverse population and cultural activities add to the city’s appeal.
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Dallas, TX
Average Salary: $103,943
In Dallas, healthcare management roles are in high demand. Leading a practice here means working in a fast-growing city with many prominent healthcare providers. The city offers a mix of professional opportunities and a lively social scene. Dallas’s business-friendly environment supports career growth.
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Madison, WI
Average Salary: $103,334
Madison provides a friendly setting for healthcare management. The city is known for its excellent educational institutions and healthcare facilities. Working in Madison means collaborating with dedicated teams in a supportive environment. The high quality of life and outdoor activities make it a great place to live and work.
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Columbia, MO
Average Salary: $101,502
Columbia offers a balanced lifestyle for healthcare leaders. The city’s academic environment provides unique opportunities for growth. Managing a practice here means working with a community that values education and health. The lower cost of living and strong community support add to the appeal.
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Austin, TX
Average Salary: $101,218
Austin is a vibrant city for healthcare management. The tech and healthcare sectors are booming, providing many opportunities. Leading a practice here means being part of a dynamic and innovative environment. The city’s lively culture and outdoor activities enhance the overall experience.
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What are the best companies a Practice Manager can work for?
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Amazon Web Services
Average Salary: $196,232
Amazon Web Services (AWS) offers exciting Practice Manager roles with competitive pay. AWS operates globally, providing services across multiple countries. AWS focuses on cloud computing, offering dynamic environments for those in Practice Management.
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Oregon Health & Science University
Average Salary: $115,247
Oregon Health & Science University provides rewarding Practice Manager positions. This university health system operates in Oregon, USA. The university offers a supportive environment for managing practices efficiently and improving patient care.
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Advocate Aurora Health
Average Salary: $112,791
Advocate Aurora Health offers lucrative Practice Manager roles. This health system operates in Illinois and Wisconsin, USA. Advocate Aurora Health emphasizes patient care and offers a rewarding workplace for practice managers.
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UCLA Health
Average Salary: $110,610
UCLA Health provides excellent Practice Manager opportunities with a high average salary. Located in Los Angeles, California, UCLA Health is a leader in medical care and research. This role offers dynamic challenges for practice management.
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MedStar Health
Average Salary: $105,259
MedStar Health offers competitive salaries for Practice Managers. This health system operates in Maryland and Washington, D.C., USA. MedStar Health focuses on patient-centered care, providing a fulfilling environment for practice managers.
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Northwestern Medicine
Average Salary: $102,918
Northwestern Medicine provides promising Practice Manager roles. This health system operates in Illinois, USA. Northwestern Medicine values innovation and efficiency, making it a great place for practice management.
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Optum
Average Salary: $99,165
Optum offers attractive Practice Manager positions. This healthcare company operates nationwide in the USA. Optum emphasizes health services and provides a stable environment for practice managers.
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Therapeutic Associates
Average Salary: $97,500
Therapeutic Associates provides Practice Manager roles with a solid salary. This company operates in California, USA. Therapeutic Associates focuses on patient care and offers a collaborative environment for practice management.
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Sono Bello
Average Salary: $97,105
Sono Bello offers competitive Practice Manager positions. This company operates in multiple locations across the USA. Sono Bello focuses on aesthetic services and provides a dynamic workplace for practice managers.
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ConvenientMD
Average Salary: $94,388
ConvenientMD provides Practice Manager roles with a competitive salary. This company operates in various locations in the USA. ConvenientMD emphasizes patient care and offers a supportive environment for practice managers.
How to earn more as a Practice Manager?
A Practice Manager plays a crucial role in the healthcare industry. This job involves overseeing the day-to-day operations of a medical practice. To earn more, a Practice Manager should focus on several key areas. These areas can boost performance and increase salary potential.
Firstly, gaining experience is essential. Experienced managers understand the flow of a medical practice. They can manage staff and handle budgets effectively. Experience often leads to promotions and higher pay. Secondly, obtaining relevant certifications can help. Certifications in healthcare management can set a manager apart. They show dedication to the field. Thirdly, improving communication skills can make a big difference. Clear communication ensures everyone works well together. It can lead to smoother operations and higher earnings.
Other factors can also increase a Practice Manager's salary. These include:
- Advanced education: A master's degree in healthcare administration can open up higher-paying positions.
- Networking: Building relationships with other professionals can lead to job opportunities.
- Performance: Consistently meeting or exceeding goals can lead to raises and bonuses.
- Location: Working in areas with higher demand for healthcare services can mean higher pay.
- Specialization: Specializing in areas like pediatrics or geriatrics can also increase earning potential.
