Product Manager, Healthcare Salary

Earnings for Product Managers of Healthcare in the United States come in at around $87K annually on average. Total cash compensation to Product Managers of Healthcare approaches anywhere from $56K on the lower end to $130K on the higher end; in exceptional cases, this can include more than $18K from bonuses and upwards of $14K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by experience level. Male Product Managers of Healthcare are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 55 percent of the field. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to nearly all, and most earn dental coverage. This report is based on responses to the PayScale salary survey.

$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


Survey results show that Product Managers of Healthcare use a fair number of skills. Most notably, skills in Strategic Marketing, Product Marketing, Data Analysis, and Product Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Project Management. Most people familiar with 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.


For Product Managers of Healthcare, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience pocket $82K on average, but those with five to 10 years of experience enjoy a much bigger median of $99K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $109K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $113K.

Pay Difference by Location

National Average: $92,033

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

For those looking to make money, Product Managers of Healthcare in Boston enjoy an exceptional pay rate, 29 percent above 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). The lowest-paying market is Charlotte, which sits 24 percent below the national average, proving that location is a significant contributor to overall pay. Pittsburgh and New York are a couple other places where companies are known to pay below the median — salaries are 18 percent lower and 13 percent lower, respectively.

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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