ABBOTT LABORATORIES Product Manager - Abbott Diabetes Care Salary in the United States

How much does a Product Manager - Abbott Diabetes Care make at companies like ABBOTT LABORATORIES in the United States? The average salary for Product Manager - Abbott Diabetes Care at companies like ABBOTT LABORATORIES in the United States is $188,028 as of May 28, 2024, but the range typically falls between $157,876 and $218,181. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

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What does a Product Manager - Abbott Diabetes Care do at companies like ABBOTT LABORATORIES?

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 103,000 colleagues serve people in more than 160 countries.

Job Summary:

Lead and execute consumer access strategies for the continuous and blood glucose monitoring portfolio. Addressing patient affordability and access is a critical need in the evolving managed care landscape. You will work with the trade, market access, consumer and the healthcare professional sales and marketing teams to support the growth of on-market and new products while building awareness of access programs.  As a member of the consumer access team, you will provide in-depth analyses to create effective pricing strategies to optimize for profitability and be a team player with strong leadership and project management capabilities.

Your main accountabilities and responsibilities are:

•            Lead the execution and maintenance of patient access and affordability programs mainly for continuous glucose monitoring systems

•            Aid in the implementation and optimization of consumer access initiatives to improve patient access, adherence, and pricing to meet business and brand goals

•            Develop and manage key partnerships and relationships both externally and internally to ensure an optimal outcome for ADC products

•            Manage efficient and timely delivery of consumer access deliverables (price-value models, access messaging)

•            Provide sales and customer support for glucose monitoring products, programs and tactics

•            Work with agencies to create affordability campaigns for patients

•            Compare prices set by competitors and measure customer satisfaction and adoption based on price

•            Coordinate sales, public relations, advertising and marketing personnel to build pricing models and understand the impact of pricing on profit margins

•            Understanding contract negotiations as well as proposal development

Minimum Qualifications:

Bachelor’s Degree with at least 4 years’ experience, with at least two years’ experience in marketing or product management, or an MBA with 3 years of related experience.  Previous experience in IVD, Medical Devices or a related health care industry is preferred.  A solid understanding of the commercial device market with pharmacy channel experience is a plus.  Backgrounds in pricing, reimbursement, payer strategy, health economic, strategic marketing, strategic planning, business development and finance are desired but not required.

Furthermore the following skills and experience are critical for success:

•            An understanding of the U.S. healthcare, regulatory and pricing environment

•            Working knowledge of pharmacy, OTC or MO/DME channels for  fulfillment

•            Proven ability to work and communicate across a matrix organization and ability to lead projects and getting alignment

•            Excellent oral and written communication skills; proficient in English

•            Understanding of finance and accounting principles

•            Possess strong analytical skills, business and financial acumen, and capable of effective use of market research, forecasts and business analytics

•            Demonstrate strong customer orientation/focus

•            Working knowledge of Microsoft Office applications, especially Excel

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$157,876 Low Average $188,028 High $218,181

Understand the total compensation opportunity for Product Manager - Abbott Diabetes Care at companies like ABBOTT LABORATORIES, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

$157,876
$218,181
$188,028
The chart shows total cash compensation for the ABBOTT LABORATORIES Product Manager - Abbott Diabetes Care in the United States, which includes base, and annual incentives can vary anywhere from $157,876 to $218,181 with an average total cash compensation of $188,028. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
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