Product Manager, Healthcare Salary

Median pay for Product Managers of Healthcare in the United States is around $87K annually. Cash earnings for Product Managers of Healthcare — which occasionally include more than $19K from bonuses and more than $15K from profit sharing — stretch from around $58K to approximately $130K. Geography is the biggest factor affecting pay for this group, followed by tenure. Medical benefits are awarded to nearly all, and most earn dental coverage. Male Product Managers of Healthcare are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 56 percent of the field. Most Product Managers of Healthcare like their work and job satisfaction is high. Participants in PayScale's salary questionnaire provided the particulars of this report.

$55,424 - $119,674
(Median)
$55K
$87K
$120K
MEDIAN: $87,101
10%
50%
90%

Add this chart to your site: 640px    300px

$20.11 - $59.60
(Median)
$20
$37
$60
MEDIAN: $37.00
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
$55,424 - $119,674  
   
Bonus
$1,030 - $19,160  
Profit Sharing
$1,963 - $14,789  
Commission
$0.00 - $25,000  
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).
)
$58,210 - $129,613  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 549
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
$20.11 - $59.60  
   
Overtime
$31.44 - $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
$1,030 - $19,160  
   
Commission
$0.00 - $25,000  
Profit Sharing
$1,963 - $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).
)
$58,210 - $129,613  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 10
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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

  • 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


Product Managers of Healthcare seem to require a number of specific skills. Most notably, skills in Strategic Marketing, Product Marketing, Data Analysis, and Product Management are correlated to pay that is above average. At the other end of the pay range are skills like Project Management. Those proficient in Product Development are, more often than not, also skilled in 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.


Experience and pay tend to be weakly linked for Product Managers of Healthcare — those with more experience do not necessarily bring in higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $83K, but folks who have racked up five to 10 years see a notably higher median of $98K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $108K. Product Managers of Healthcare with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $115K.

Pay Difference by Location


Boston is home to an above-average pay rate for Product Managers of Healthcare, 24 percent higher than the national average. Product Managers of Healthcare can also look forward to large paychecks in cities like San Diego (+16 percent), Seattle (+15 percent), Los Angeles (+15 percent), and San Francisco (+15 percent). Compared to the national average, Charlotte Product Managers of Healthcare have considerably lower salaries, 25 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Below-median salaries also turn up in Pittsburgh and Minneapolis (13 percent lower and 5 percent lower, respectively).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Product Manager, Healthcare Salaries




National Average
$93,000


Skills That Affect Product Manager, Healthcare Salaries



Data Analysis
up arrow 3%

Product Management
up arrow 2%

Product Development
0%

National Average
$93,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 95 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
2%
1-4 years
36%
5-9 years
35%
10-19 years
21%
20 years or more
7%

Common Health Benefits

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