$88,906
Avg. Salary
$31.35
Avg. Hourly Rate

Average additional compensation:

$8,970

Bonus

$3,600

Profit Sharing

$19,653

Commission

What am I worth?
How should I pay?

The average pay for a Product Manager, Healthcare is $31.35 per hour.

The average pay for a Product Manager, Healthcare is $88,906 per year.

10%
$15.40
10%
$31.35
50%
$76.60
90%
90%
MEDIAN $31.35
10%
$58k
10%
$89k
50%
$120k
90%
90%
MEDIAN $88,906
$58,136 - $119,577
$58K
$89K
$120K
MEDIAN: $88,906
10%
50%
90%

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$15.40 - $76.60
$15
$31
$77
MEDIAN: $31.35
10%
50%
90%

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$0$129K
Salary $58,136 - $119,577
Bonus $1,937 - $17,413
Profit Sharing $489 - $15,155
Commission $19,653
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).
)
$58,542 - $129,876
  • Country: United States
  • Currency: USD
  • Updated: 18 Apr 2019
  • Individuals Reporting: 711
Hourly Data $0$76
Hourly Rate $15.40 - $76.60
Overtime $38.50
Annual Data $0$129K
Bonus $1,937 - $17,413
Commission $19,653
Profit Sharing $489 - $15,155
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).
)
$58,542 - $129,876
  • Country: United States
  • Currency: USD
  • Updated: 18 Apr 2019
  • Individuals Reporting: 13

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
  • 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.

Common Career Paths for Product Manager, Healthcare


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Product Manager, Healthcare Job Listings

Popular Skills for Product Manager, Healthcare


Product Managers of Healthcare report using a diverse set of skills on the job. Most notably, skills in Strategic Marketing, Product Marketing, Product Development, and Product Management are correlated to pay that is above average, with boosts between 4 percent and 6 percent. At the other end of the pay range are skills like Strategic Planning. Most people experienced in Product Development also know 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

17%

2%

-9%

-24%

National Average: $93,171

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

For Product Managers of Healthcare, San Francisco provides a pay rate that is 30 percent greater than the national average. Product Managers of Healthcare will also find cushy salaries in Minneapolis (+23 percent), Boston (+21 percent), Seattle (+19 percent), and Philadelphia (+18 percent). Location significantly influences compensation, with Charlotte Product Managers of Healthcare earning much less — 23 percent less — than the national average. A couple other locations with smaller-than-average paychecks include Chicago (21 percent lower) and Pittsburgh (16 percent lower).

Product Manager, Healthcare Reviews

Q: What is it like working as a Product Manager, Healthcare?

Product Manager, Healthcare in King of Prussia:
"Excellent place to start your career."
Pros: It provides me with an opportunity to make an immediate impact in the medical field. I appreciate the ability to communicate with various stakeholders in medical device development. No one is holding me back from learning more everything there is to know about my industry.
Cons: Pay is substandard compared with competitors. I don't know if the revenue generated from spine implant sales is commensurate with the value provided, from surgeons to device manufacturers. Patients' frequently don't get better after surgery, and I don't know if I want to spend the rest of my life working on unsolvable issues.

Product Manager, Healthcare in Orem:
"Fun and Alive."
Pros: There is a sense of youthfulness and fun around all the shops, restaurants and companies. I love it here.
Cons: There is always road construction.

Product Manager, Healthcare in Kansas City:
"Great town."
Pros: I love the small town feel in the urban areas. A hidden gem with urban culture, minus the traffic and crowds.
Cons: It is a geographically large city. Very hard to get from one end to the other

Product Manager, Healthcare in Oklahoma City:
"Experience working in OKC."
Pros: Good cost of living, people, food, traffic, business opportunity.
Cons: Usually are paid under the national average, bad education, lack of innovative tech companies.

Product Manager, Healthcare in Minneapolis:
"Network and learn."
Network with people from every area of the company to understand how their areas impact the product. Be curious and have a learner's mentality.

Related Job Salaries

Key Stats for Product Manager, Healthcare

Gender

Female
54 %
Male
46 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.
Less than 1 year
2%
1-4 years
44%
5-9 years
33%
10-19 years
14%
20 years or more
6%

Experience Affects Product Manager, Healthcare Salaries

▲20%

▲10%

▲2%

National Average
$93,000

▼12%

Skills That Affect Product Manager, Healthcare Salaries




National Average
$93,000




Strategic Planning
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
2%
1-4 years
44%
5-9 years
33%
10-19 years
14%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 83%
vision benefits
Vision: 74%
no benefits
None: 8%