Tangible vs Intangible Cost. The difference between tangible and intangible cost is often subtle but can have great consequences for a company. People sometimes look at tangible costs only overlooking or ignoring intangible costs for which they pay dearly later in life.
A second important distinction between the two careers is that psychiatrists can prescribe medications, while in most states psychologists cannot. However, there has been a recent push to grant prescribing powers to psychologists.
Prescriptions. Psychiatrists, unlike other mental health professionals, have the ability to write prescriptions for psychiatric drugs to treat mental illnesses from anxiety and depression to schizophrenia.sychiatrists in private practice may supervise licensed psychologists or psychiatric residents. Those working in psychiatric hospitals may supervise a team of doctors, nurses and other mental health care workers.