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Product Manager, Healthcare Salary

For Product Managers of Healthcare, annual average wages total $87K per year. Total cash earnings of Product Managers of Healthcare range from $58K on the low end to $129K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $19K and $15K, respectively. Location and experience level each impact pay for this group, with the former having the largest influence. Women are just slightly outnumbered, with male Product Managers of Healthcare making up 56 percent of survey respondents. Most Product Managers of Healthcare report high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. This overview is based on answers to PayScale's salary questionnaire.

$54,906 - $119,673
(Median)
$55K
$87K
$120K
MEDIAN: $87,038
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
$54,906 - $119,673  
   
Bonus
$1,020 - $19,148  
Profit Sharing
$1,957 - $14,873  
Commission
$-0.49 - $24,566  
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).
)
$57,714 - $129,156  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 534
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
$28.50 - $53.63  
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
$1,020 - $19,148  
   
Commission
$-0.49 - $24,566  
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).
)
$57,714 - $129,156  
Country: United States | Currency: USD | Updated: 2 May 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 pretty varied skill set on the job. Most notably, skills in Strategic Marketing, Product Marketing, Product Management, and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include 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 and pay tend to be weakly linked for Product Managers of Healthcare — those with more experience do not necessarily bring in higher earnings. The average worker who claims fewer than five years of experience earns around $83K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $98K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $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 $113K.

Pay Difference by Location


For those looking to make money, Product Managers of Healthcare in Boston enjoy an exceptional pay rate, 23 percent above the national average. Product Managers of Healthcare will also find cushy salaries in San Diego (+18 percent), Seattle (+17 percent), Los Angeles (+16 percent), and Philadelphia (+13 percent). Product Managers of Healthcare in Charlotte take home the lowest salaries, earning a whopping 27 percent less than the national average. Below-median salaries also turn up in Minneapolis and St. Louis (3 percent lower and 2 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Product Manager, Healthcare Salaries




National Average
$92,000


Skills That Affect Product Manager, Healthcare Salaries



Product Management
up arrow 2%

Data Analysis
up arrow 1%

National Average
$92,000

Product Development
up arrow 1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 103 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
1%
1-4 years
35%
5-9 years
36%
10-19 years
22%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 87%
vision benefits Vision: 71% employee benefits None: 5%
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