Product Manager, Healthcare Salary

An average Product Manager of Healthcare in the United States can expect to take home roughly $88K annually. Total cash compensation for Product Managers of Healthcare runs from $54K to $129K depending on bonuses that can occasionally exceed $17K and profit sharing that can reach almost $15K. Residence is the biggest factor affecting pay for this group, followed by career duration. Women Product Managers of Healthcare who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to nearly all, and most earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$54,537 - $120,552
$55K
$88K
$120K
MEDIAN: $87,542
10%
50%
90%

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

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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
$54,537 - $120,552  
   
Bonus
$1,237 - $17,222  
Profit Sharing
$100.67 - $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).
)
$54,413 - $129,231  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 340
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
$1,237 - $17,222  
   
Profit Sharing
$100.67 - $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).
)
$54,413 - $129,231  
Country: United States | Currency: USD | Updated: 4 May 2017 | 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

  • 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.

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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, Product Development, and Product Management are correlated to pay that is above average. At the other end of the pay range are skills like Strategic Planning and 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

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: $91,091

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

For Product Managers of Healthcare, San Francisco provides a pay rate that is 28 percent greater than the national average. Product Managers of Healthcare can also look forward to large paychecks in cities like Minneapolis (+22 percent), Boston (+20 percent), Seattle (+17 percent), and Philadelphia (+16 percent). Product Managers of Healthcare in Charlotte report much lower salaries than the rest of the country — 24 percent below the national average — proving that residence is a major factor in overall pay. Below-median salaries also turn up in Chicago and Pittsburgh (22 percent lower and 17 percent lower, respectively).

Related Job Salaries

Key Stats for Product Manager, Healthcare

Gender

Female
52 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.
Less than 1 year
3%
1-4 years
43%
5-9 years
34%
10-19 years
13%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Manager, Healthcare Salaries

▲22%

▲13%

▲5%

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 47 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
3%
1-4 years
43%
5-9 years
34%
10-19 years
13%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 82%
vision benefits
Vision: 75%
no benefits
None: 7%
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