Finance Manager - Medical Practice Salary in the United States

FAQ about Finance Manager - Medical Practice

1. What are the 4 C's of healthcare finance?

Healthcare finance can be understood through the four C's: costs, capital, cash, and control. Finance Managers in medical practices, who typically earn between $91,600 and $126,800, play a crucial role in managing these elements to ensure financial stability and compliance while minimizing fraud.

2. How much does a manager in training at HCA Healthcare make?

The estimated total pay range for a Finance Manager in a medical practice is $91,600 to $126,800 per year, with a mid-salary of $111,300. This range reflects the base salary and potential additional compensation.

3. What is the highest salary in healthcare management?

The highest salary for a Finance Manager in a medical practice is approximately $126,800. In the healthcare management sector, salaries vary widely, with private hospitals offering between $700,000 to $1,500,000, while government hospitals range from $600,000 to $1,000,000. Other sectors like pharmaceuticals and health insurance also provide competitive salaries.

4. Which degree is best for finance manager?

Most employers prefer candidates with a bachelor's degree in finance or economics, along with relevant qualifications. Opting for commerce streams and subjects like math, economics, and accounting will provide a solid foundation. In the role of a Finance Manager in a medical practice, salaries typically range from $91,600 to $126,800, with a midpoint of $111,300.

5. How do I become a healthcare finance manager?

To become a healthcare finance manager, you typically need a bachelor's degree in finance, accounting, economics, statistics, or business administration. With experience, you can expect a salary ranging from $91,600 to $126,800, with a median salary of $111,300. Gaining relevant experience and certifications can enhance your career prospects in this field.

6. What is the top salary for a Finance Manager?

The top salary for a Finance Manager in a medical practice is $126,800. The salary range typically starts at a minimum of $91,600, with a mid-level salary of $111,300. This reflects the competitive compensation structure within the healthcare finance sector.