Product Manager, Healthcare Salary

Median pay for Product Managers of Healthcare in the United States is around $87K per year. Final cash compensation to Product Managers of Healthcare varies from around $57K to approximately $129K; choice pay grades include potential for bonuses and profit sharing as high as $19K and $15K, respectively. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. 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 56 percent of survey respondents. The numbers in this rundown were provided by PayScale's salary survey participants.

$54,406 - $119,198
(Median)
$54K
$87K
$120K
MEDIAN: $87,056
10%
50%
90%

Add this chart to your site: 640px    300px

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
$54,406 - $119,198  
   
Bonus
$1,015 - $19,102  
Profit Sharing
$1,510 - $14,873  
Commission
$1,000 - $22,500  
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).
)
$57,296 - $128,870  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 543

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click Here »

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.

Read More...

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

Search for more jobs:

Popular Skills for Product Manager, Healthcare


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Strategic Marketing, Product Management, Product Marketing, and Product Development are correlated to pay that is above average, with boosts between 5 percent and 12 percent. Skills that are correlated to lower pay, on the other hand, include Project Management. The majority of those 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.


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $83K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $98K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $107K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $115K.

Pay Difference by Location


For Product Managers of Healthcare, Boston provides a pay rate that is 22 percent greater than the national average. Product Managers of Healthcare will also find cushy salaries in San Diego (+18 percent), Seattle (+18 percent), Philadelphia (+16 percent), and Los Angeles (+15 percent). Minneapolis is home to the smallest salaries in the field, lagging the national average by 3 percent.

Related Job Salaries

United States (change)

Experience Affects Product Manager, Healthcare Salaries




National Average
$92,000


Skills That Affect Product Manager, Healthcare Salaries


Product Management
up arrow 8%


National Average
$92,000

Product Development
up arrow 2%

Data Analysis
up arrow 2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 111 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
1%
1-4 years
35%
5-9 years
35%
10-19 years
22%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 87%
vision benefits Vision: 72% employee benefits None: 5%