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Product Manager, Healthcare Salary

The average Product Manager of Healthcare in the United States can expect to rake in roughly $85K per year. Total cash earnings of Product Managers of Healthcare range from $55K on the low end to $128K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $19K and $11K, respectively. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Women are just slightly outnumbered, with male Product Managers of Healthcare making up 54 percent of survey respondents. This snapshot results from replies to PayScale's salary survey.
$52,342 - $118,032
(Median)
$52K
$85K
$120K
MEDIAN: $85,146
10%
50%
90%

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$21.04 - $74.50
(Median)
$21
$39
$74
MEDIAN: $38.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$52,342 - $118,032  
   
Bonus
$1,067 - $19,254  
Profit Sharing
$1,510 - $10,926  
Commission
$0.00 - $24,832  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$55,080 - $128,116  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 559
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$21.04 - $74.50  
   
Overtime
$31.37 - $41.97  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$1,067 - $19,254  
   
Commission
$0.00 - $24,832  
Profit Sharing
$1,510 - $10,926  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$55,080 - $128,116  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 10
United States (change)

Job Description for Product Manager, Healthcare

Healthcare product managers are responsible for maintaining and managing products throughout their life cycle, from the launch of the product until its retirement. Product managers perform a variety of tasks, including overseeing sales staff to ensure that they have the expertise and materials to sell a product; they also salespeople and clients have promotional materials, training on how to use the products, and clinical papers, as needed. They are also responsible for making sure that the people in the healthcare field are kept up to date on new developments or changes to their company's products. Often, healthcare product managers do market research projects with a team, as well as help develop marketing plans, advertising, and sales forecasts/reports.

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Product Manager, Healthcare Tasks

  • Establish a production schedule and ensure staff can meet set deadlines.
  • Ensure and uphold quality and safety standards.
  • Analyze production process to create and implement operational improvements.
  • Manage daily production operations.

Product Manager, Healthcare Job Listings

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Popular Skills for Product Manager, Healthcare


Product Managers of Healthcare who responded to the survey report just a handful of professional skills. Most notably, skills in Strategic Marketing, Product Marketing, Data Analysis, and Product Development are correlated to pay that is above average, with boosts between 5 percent and 13 percent. Skills that seem to negatively impact pay include Project Management. Most people who know Product Development also know Product Marketing and Strategic Marketing.

Pay by Experience Level for Product Manager, Healthcare

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Product Managers of Healthcare, more experience in the field does not usually mean bigger paychecks. Salaries for the relatively untried average out to around $80K, but survey participants with five to 10 years of experience earn a significantly higher median of $95K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $106K. Product Managers of Healthcare who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $117K on average.

Pay Difference by Location


Surpassing the national average by 26 percent, Product Managers of Healthcare in Boston receive some of the highest pay in the country. Product Managers of Healthcare will also find cushy salaries in Philadelphia (+19 percent), Seattle (+16 percent), San Francisco (+14 percent), and San Diego (+12 percent). The lowest-paying market is Minneapolis, which sits 1 percent below the national average.

Related Job Salaries

Experience Affects Product Manager, Healthcare Salaries




National Average
$90,000


Skills That Affect Product Manager, Healthcare Salaries




Product Development
up arrow 1%

National Average
$90,000

Project Management
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 138 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
1%
1-4 years
35%
5-9 years
34%
10-19 years
24%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 89%
vision benefits Vision: 71% employee benefits None: 4%