As a Medical Practice Manager, you will need to master following:

• cost management
• develop revenue generation strategies

More generally, a medical practice manager is also versed in:

• align efforts towards business development
• analyse business objectives
• analyse business processes
• analyse financial risk
• assume responsibility for the management of a business
• build business relationships
• business law
• business management principles
• control financial resources
• create a financial plan
• develop company strategies
• evaluate employees
• financial management
• gather feedback from employees
• hire new personnel
• make strategic business decisions
• manage employee complaints
• manage healthcare staff
• plan health and safety procedures

It also helps to know the following:

• answer patients' questions
• health records management
• maintain relationship with customers
• manage a multidisciplinary team involved in patient care
• patient record storage
• accounting
• coach employees
• discharge employees
• financial forecasting
• manage accounts
• manage budgets
• manage healthcare users' data
• manage medical supply chains
• manage office facility systems
• manage supplies
• motivate employees