Health Care Consultants
Overview
Introduction
Health care consultants provide expertise and advice on a wide range of health care issues such as practice management, insurance, staffing, information technology, finance, marketing, law, billing, and compliance with local, state, and federal laws such as the Health Insurance Portability and Accountability Act and the Patient Protection and Affordable Care Act. Approximately 22,500 management analysts are employed in the health care and social assistance industries.
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Many health care consultants are employed by management consulting firms. Management consultants had median annual earnings of $99,410 in May 2023, according to the U.S. Department of Labor. Ten percent of consultants earned less than $57,840, and 10 percent earned $172,280 or more. Fifty percent of management consultants earned between $74,540 and $130,800.
The average salary for health...
Work Environment
The life of a health care consultant is filled with long hours (about 30 percent of consultants work more than 40 hours per week), frequent travel to the offices of clients, and the stress of meeting deadlines and fulfilling the expectations of clients who desire a big bang for the big bucks that they’re shelling out for the consultant’s expertise. On the other hand, many health care consultant...
Outlook
Employment for management consultants who work in the health care industry is expected to grow by 6.9 percent through 2033, according to the U.S. Department of Labor (DOL), faster than the average for all careers. The health care industry is the largest employment sector in the United States, and regardless of the health of the U.S. economy, there will always be a need for expertise in this rap...
