Product Manager, Healthcare Salary

Earnings for Product Managers of Healthcare in the United States come in at around $88K annually on average. Including potential for bonuses and profit sharing — peaking near $18K and $15K, respectively — total cash payment to Product Managers of Healthcare can bottom out near $55K or peak near $129K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by experience level. Male Product Managers of Healthcare are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 51 percent of the field. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The majority of workers are highly satisfied with their job. Participants in PayScale's salary questionnaire provided the particulars of this report.

$54,833 - $119,754
$55K
$88K
$120K
MEDIAN: $87,989
10%
50%
90%

Add this chart to your site: 640px    300px

$15.10 - $78.47
$15
$31
$78
MEDIAN: $30.80
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$54,833 - $119,754  
   
Bonus
$1,208 - $17,973  
Profit Sharing
$101.37 - $14,789  
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).
)
$54,673 - $128,724  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 318
© PayScale, Inc. @ www.payscale.com
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27$54$81
Hourly Rate
$15.10 - $78.47  
   
Overtime
$38.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$1,208 - $17,973  
   
Profit Sharing
$101.37 - $14,789  
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).
)
$54,673 - $128,724  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 10
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start 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

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

Product Manager, Healthcare Job Listings

Search for more jobs:

Popular Skills for Product Manager, Healthcare


Survey results show that Product Managers of Healthcare use a fair number of skills. Most notably, skills in Strategic Marketing, Product Marketing, Product Development, and Product Management are correlated to pay that is above average. Skills that pay less than market rate include Strategic Planning and Project Management. For most people, competency in Product Development indicates knowledge of 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.


Product Managers of Healthcare with a lot of experience do not necessarily enjoy more money. Those in the early stages of their career can expect to make around $82K; however, individuals with five to 10 years of experience bring in $95K on average — a distinctly larger sum. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $103K on average. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $112K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location

National Average: $91,496

Larger city markers indicate a job is popular in that location.

San Francisco offers some of the highest pay in the country for Product Managers of Healthcare, 28 percent above the national average. Product Managers of Healthcare can also look forward to large paychecks in cities like Minneapolis (+21 percent), Boston (+19 percent), Seattle (+17 percent), and Philadelphia (+16 percent). Product Managers of Healthcare in Charlotte make 24 percent less than the national average, proving that location is a major factor in pay. Below-median salaries also turn up in Chicago and Pittsburgh (23 percent lower and 17 percent lower, respectively).

Related Job Salaries

Key Stats for Product Manager, Healthcare

Gender

Female
49 %
Male
51 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 44 votes.
Less than 1 year
3%
1-4 years
40%
5-9 years
36%
10-19 years
14%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Manager, Healthcare Salaries

▲22%

▲12%

▲4%

National Average
$91,000

▼10%

Skills That Affect Product Manager, Healthcare Salaries





National Average
$91,000



Strategic Planning
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 44 votes.

Gender

Female
49 %
Male
51 %

Years of Experience

Less than 1 year
3%
1-4 years
40%
5-9 years
36%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 82%
vision benefits
Vision: 73%
dental benefits
None: 7%
ADVERTISEMENT