What Is Medical Practice Management?
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Identification
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Medical practice management incorporates tools, strategies and procedures that a health care organization uses to ensure that patients receive adequate care from medical and nonmedical personnel, according to the U.S. Bureau of Labor Statistics (BLS). Practice management also helps a medical organization's leadership meet operating goals.
Significance
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Medical practice management, as operations management in other industries, plays a key role in how health care professionals run organizations. Without an effective management structure, a health care institution may incur substantial losses originating from litigation, lack of quality patient care and regulatory penalties, according to the U.S. Department of Labor's Occupational Information Network.
Considerations
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The BLS reports that a medical practice manager position typically requires a bachelor's degree in health administration, business administration, health sciences or public health. The manager earned an average salary of $76,000 as of 2010, indicates Indeed, a career data portal.
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