Product Manager, Healthcare Salary

For Product Managers of Healthcare, annual average wages total $87K per year. Total cash compensation for Product Managers of Healthcare runs from $53K to $127K depending on bonuses that can occasionally exceed $17K and profit sharing that can reach almost $12K. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Women make up a slight majority of Product Managers of Healthcare (53 percent) survey respondents. Medical benefits are awarded to a large number, and most earn dental coverage. The majority of Product Managers of Healthcare claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$53,381 - $118,950
$53K
$87K
$120K
MEDIAN: $86,995
10%
50%
90%

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

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$0$127K
Salary $53,381 - $118,950
Bonus $1,166 - $16,977
Profit Sharing $100.00 - $12,000
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).
)
$53,364 - $127,249
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 315
Hourly Data $0$78
Hourly Rate $15.10 - $78.47
Overtime $43.00
Annual Data $0$127K
Bonus $1,166 - $16,977
Profit Sharing $100.00 - $12,000
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).
)
$53,364 - $127,249
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 10

Find Out Exactly What You Should Be Paid

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

  • 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

Popular Skills for Product Manager, Healthcare


Product Managers of Healthcare report using a diverse set of skills on the job. Most notably, skills in Strategic Marketing, Product Marketing, Product Development, and Product Management are correlated to pay that is above average, with boosts between 4 percent and 6 percent. At the other end of the pay range are skills like Strategic Planning. Most people experienced in Product Development also know Product Marketing and Strategic Marketing.

Pay by Experience Level for Product Manager, Healthcare

Pay by Experience for a Product Manager, Healthcare has a positive trend. An entry-level Product Manager, Healthcare with less than 5 years of experience can expect to earn an average total compensation of $82,000 based on 176 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Manager, Healthcare with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $95,000 based on 132 salaries. An experienced Product Manager, Healthcare which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $103,000 based on 52 salaries. A Product Manager, Healthcare with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $112,000 based on 25 salaries.

Pay Difference by Location

National Average: $89,905

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

For Product Managers of Healthcare, San Francisco provides a pay rate that is 30 percent greater than the national average. Product Managers of Healthcare will also find cushy salaries in Minneapolis (+23 percent), Boston (+21 percent), Seattle (+19 percent), and Philadelphia (+18 percent). Location significantly influences compensation, with Charlotte Product Managers of Healthcare earning much less — 23 percent less — than the national average. A couple other locations with smaller-than-average paychecks include Chicago (21 percent lower) and Pittsburgh (16 percent lower).

Related Job Salaries

Key Stats for Product Manager, Healthcare

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.
Less than 1 year
3%
1-4 years
44%
5-9 years
32%
10-19 years
14%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Manager, Healthcare Salaries

▲24%

▲14%

▲6%

National Average
$90,000

▼8%

Skills That Affect Product Manager, Healthcare Salaries





National Average
$90,000



Strategic Planning
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
3%
1-4 years
44%
5-9 years
32%
10-19 years
14%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 82%
vision benefits
Vision: 74%
no benefits
None: 8%
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