Product Manager, Healthcare Salary

The average Product Manager of Healthcare in the United States can expect to rake in roughly $87K annually. Total cash compensation to Product Managers of Healthcare bottoms out near $56K and approaches $130K on the high end; the biggest paychecks include approximately $18K from bonuses and almost $14K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by career length. Men working as Product Managers of Healthcare who took the survey just slightly outnumber women at 55 percent. Job satisfaction is high and work is enjoyable for most Product Managers of Healthcare. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

$54,550 - $120,358
(Median)
$55K
$87K
$120K
MEDIAN: $87,265
10%
50%
90%

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$20.11 - $43.71
(Median)
$20
$37
$44
MEDIAN: $37.00
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
$54,550 - $120,358  
   
Bonus
$1,025 - $18,401  
Profit Sharing
$1,965 - $13,500  
Commission
$5,000  
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).
)
$56,188 - $130,013  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 556
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$25$50$75
Hourly Rate
$20.11 - $43.71  
   
Overtime
$36.11  
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$50K$100K$150K
Bonus
$1,025 - $18,401  
   
Commission
$5,000  
Profit Sharing
$1,965 - $13,500  
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).
)
$56,188 - $130,013  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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 generally report applying a varied skill set to their work. Most notably, skills in Strategic Marketing, Product Marketing, Data Analysis, and Product Management are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include 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.


For Product Managers of Healthcare, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Although individuals who have less than five years' experience earn $82K on average, people with five to 10 years benefit from a notably larger average of $99K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $109K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $113K.

Pay Difference by Location

National Average: $92,033

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

For Product Managers of Healthcare, Boston provides a pay rate that is 29 percent greater than the national average. Product Managers of Healthcare can also look forward to large paychecks in cities like San Francisco (+23 percent), San Diego (+17 percent), Los Angeles (+17 percent), and Seattle (+16 percent). Product Managers of Healthcare in Charlotte make 24 percent less than the national average, proving that location is a major factor in pay. Employers pay around 18 percent less in Pittsburgh and 13 percent less in New York, below-median salaries for those in this field.

Related Job Salaries

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Experience Affects Product Manager, Healthcare Salaries




National Average
$92,000


Skills That Affect Product Manager, Healthcare Salaries



Data Analysis
up arrow 2%

Product Management
up arrow 1%

National Average
$92,000

Product Development
up arrow 1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 84 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
35%
10-19 years
19%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
medical benefits
Vision: 71%
dental benefits
None: 5%
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