Comparison
Quick answer
The primary distinction between a psychiatrist and a psychologist is medical training and prescribing authority. A psychiatrist is a medical doctor (MD or DO) who can diagnose mental health conditions and prescribe medication. A psychologist holds a doctoral degree in psychology and specializes in talk therapy and psychological assessment — but cannot prescribe medication in most states.
Many people benefit from both — a psychiatrist managing medication and a psychologist or therapist providing ongoing talk therapy. If medication may be needed, start with a psychiatrist evaluation. If therapy is your primary goal and medication isn't on the table, a psychologist or licensed therapist is the right starting point. A healthcare consultant can help you navigate mental health services and understand your options.
Hourly rate
$100–$350/hr
Varies widely: clinical advisors and regulatory specialists are at the higher end
Per session
$150–$500
For a focused advisory, compliance review, or health strategy consultation
Per project
$2,000–$25,000
For compliance audits, practice assessments, or healthcare IT advisory projects