What Does a Medical Consultant Do?
Healthcare providers need medical consultants to take care of business-related issues so they can focus on the priority of treating patients. As a medical consultant, you'll help improve the efficiency of physicians and healthcare facilities by solving some of their most complex business problems. Schools offering Business degrees can also be found in these popular choices.
The Job of a Medical Consultant
While many doctors are highly skilled in their healthcare roles, they might need assistance in the business aspects of running a healthcare facility. As a medical consultant, you could help professionals and companies in the healthcare industry make financial and operational business decisions. You'd lend your advice on a wide range of company matters, including salary, staffing, budgeting, and advertising. You could also advise on regulatory issues, like safety and insurance plan compliance, patient confidentiality, hazardous waste, and lawsuits.
Medical consultants often work with healthcare start-ups or medical companies looking to revamp their businesses. In these cases, you'd assist with many different issues involved in starting or rebuilding a business. Along with providing your expertise, you could supply your clients with the business contacts and legislative information they need to establish a strong healthcare company.
Important Facts About Medical Consultants
|Similar Occupations||Medical health managers, health service managers, medical technicians|
|On-the-Job Training||No training on the job is necessarily required, but many facilities prefer to hire applicants with specialized healthcare experience as well as administrative.|
|Key Skills||Analytical skills, communication ability, problem-solving skills, technical aptitude|
|Licensure||As medical professionals, consultants may need various licenses and HIPAA training to handle sensitive medical records|
While you could be a self-employed medical consultant, you might also find jobs with firms that offer healthcare consulting services. These firms vary in size, structure, and focus. You could work for a large consulting firm in the healthcare department or a smaller firm that employs only a few consultants and focuses only on healthcare.
Although many medical consultants work typical, 40-hour weeks, some might be required to work overtime and on weekends, especially when consulting for a new business or overhauling an existing business. Your billing structure could require you to keep careful track of your consulting hours.
Job Prospects and Salary
The U.S. Bureau of Labor Statistics anticipated employment in the consulting industry as a whole would increase 40% from 2012-2022; consultants working as support for the healthcare industry should see employment growth of about the same during the decade. In spite of this considerable growth, strong competition for employment was expected due to the desirability of the career. According to September 2015 salary figures on PayScale.com, the median salary among healthcare consultants was $72,956.
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