Product Manager, Healthcare Salary

Median pay for Product Managers of Healthcare in the United States is around $87K per year. In the world of Product Managers of Healthcare, overall income ranges from $59K near the bottom to $129K at the top; this can include more than $19K from bonuses and more than $15K from profit sharing in exceptional cases. Location and career duration each impact pay for this group, with the former having the largest influence. Most Product Managers of Healthcare report high levels of job satisfaction. Men make up a slight majority of Product Managers of Healthcare (55 percent) who responded to the survey. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Respondents to the PayScale salary survey provided the data for this report.

$56,137 - $119,700

Add this chart to your site: 640px    300px

$20.11 - $59.60

Add this chart to your site: 640px    300px

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
$56,137 - $119,700  
   
Bonus
$1,034 - $18,776  
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).
)
$58,795 - $129,450  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 554
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 - $59.60  
   
Overtime
$31.44 - $41.97  
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
$1,034 - $18,776  
   
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).
)
$58,795 - $129,450  
Country: United States | Currency: USD | Updated: 18 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


Survey results suggest that Product Managers of Healthcare use a fairly large toolkit of professional skills. Most notably, skills in Strategic Marketing, Product Marketing, Data Analysis, and Product Management are correlated to pay that is above average, with boosts between 4 percent and 11 percent. Skills that seem to negatively impact pay include Project Management. Those educated in Product Development tend to be well versed 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.


More years of relevant experience do not necessarily translate to higher paychecks. The average beginner in this position makes around $83K, but folks who have been around for five to 10 years see a markedly higher median salary of $98K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $108K. People who have worked for more than 20 years report a median income of $115K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


Surpassing the national average by 24 percent, Product Managers of Healthcare in Boston receive some of the highest pay in the country. Product Managers of Healthcare will also find cushy salaries in San Francisco (+17 percent), San Diego (+16 percent), Seattle (+15 percent), and Los Angeles (+13 percent). Compared to the national average, New York Product Managers of Healthcare have considerably lower salaries, 27 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers in Charlotte and Pittsburgh also lean toward paying below-median salaries (25 percent lower and 13 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 4%

Product Management
up arrow 2%

Product Development
0%

National Average
$93,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 96 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
7%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 87%
vision benefits Vision: 73% employee benefits None: 5%
ADVERTISEMENT