Product Manager, Healthcare Salary

Pay for Product Managers of Healthcare in the United States sits in the ballpark of $87K per year. In the world of Product Managers of Healthcare, total cash compensation can vary between $58K and $129K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $19K and $15K, respectively. Location and experience level each impact pay for this group, with the former having the largest influence. Men make up a slight majority of Product Managers of Healthcare (55 percent) who responded to the survey. Most workers in this position report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.

$55,444 - $119,489
(Median)
$55K
$87K
$120K
MEDIAN: $86,886
10%
50%
90%

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$20.11 - $59.60
(Median)
$20
$37
$60
MEDIAN: $37.00
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
$55,444 - $119,489  
   
Bonus
$1,049 - $19,230  
Profit Sharing
$1,957 - $14,873  
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).
)
$58,124 - $129,056  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 546
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
$1,049 - $19,230  
   
Commission
$0.00 - $25,000  
Profit Sharing
$1,957 - $14,873  
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).
)
$58,124 - $129,056  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 10
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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 report using a wide range of professional 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. 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.


Experience does not seem to be a strong driver of pay increase in this role. Salaries for the relatively untried average out to around $83K, but survey participants with five to 10 years of experience earn a significantly higher median of $98K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $108K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $112K on average.

Pay Difference by Location


Boston offers some of the highest pay in the country for Product Managers of Healthcare, 23 percent above the national average. Product Managers of Healthcare will also find cushy salaries in San Diego (+16 percent), Seattle (+16 percent), Los Angeles (+15 percent), and San Francisco (+15 percent). Location significantly influences compensation, with Charlotte Product Managers of Healthcare earning much less — 25 percent less — than the national average. Employers also pay below the national average in Pittsburgh (12 percent lower) and Minneapolis (4 percent lower).

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Experience Affects Product Manager, Healthcare Salaries




National Average
$92,000


Skills That Affect Product Manager, Healthcare Salaries


Product Marketing
up arrow 4%

Data Analysis
up arrow 2%

Product Management
up arrow 1%

Product Development
0%

National Average
$92,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 97 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
2%
1-4 years
36%
5-9 years
35%
10-19 years
21%
20 years or more
6%

Common Health Benefits

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