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Health and Medical Average Salaries in Panama 2021

How much money does a person working in Health and Medical make in Panama?


Average Monthly Salary
3,160 PAB
( 38,000 PAB yearly)

LOW
660
PAB
AVERAGE
3,160
PAB
HIGH
9,460
PAB

A person working in Health and Medical in Panama typically earns around 3,160 PAB per month. Salaries range from 660 PAB (lowest average) to 9,460 PAB (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Health and Medical careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Academic Clinician4,130 PAB
Acute Care Nurse1,850 PAB
Administrative Director3,550 PAB
Admitting Clerk660 PAB
Admitting Manager2,070 PAB
Admitting Officer1,470 PAB
Advanced Nutrition Aide2,840 PAB
Advanced Practice Provider2,880 PAB
Allergist3,770 PAB
Ambulance Dispatcher1,640 PAB
Ambulance Driver1,460 PAB
Ambulance Officer and Paramedic1,740 PAB
Ambulatory Services Director3,120 PAB
Anatomic Pathology Supervisor3,790 PAB
Anesthesia Technician2,170 PAB
Anesthesiologist6,520 PAB
Anesthesiology Assistant2,260 PAB
Assistant Director of Nursing3,050 PAB
Assistant Occupational Therapist1,580 PAB
Assistant Optometrist1,890 PAB
Assistant Physical Therapist1,590 PAB
Audiologist3,840 PAB
Behavioral Health Specialist2,290 PAB
Biomedical Engineering Director2,960 PAB
Biomedical Engineering Technician1,510 PAB
Breast Center Manager5,980 PAB
Cardiac Technician1,410 PAB
Cardiology Manager6,400 PAB
Cardiopulmonary Rehab Spcialist2,290 PAB
Cardiovascular Specialist8,310 PAB
Cardiovascular Technologist3,050 PAB
Care Assistant1,330 PAB
Care Coordinator980 PAB
Caregiver1,060 PAB
Case Manager2,310 PAB
Central Sterile Processing Technician1,770 PAB
Charge Entry Specialist1,890 PAB
Chief of Psychology6,740 PAB
Chief of Surgery9,460 PAB
Chiropractor2,420 PAB
Clinic Assistant1,370 PAB
Clinic Manager3,050 PAB
Clinic Navigator1,440 PAB
Clinical Application Specialist1,880 PAB
Clinical Biochemist3,600 PAB
Clinical Cytogeneticist2,970 PAB
Clinical Data Reviewer1,820 PAB
Clinical Development Specialist2,430 PAB
Clinical Director5,510 PAB
Clinical Field Associate1,880 PAB
Clinical Genetic Technologist2,880 PAB
Clinical Microbiologist4,180 PAB
Clinical Molecular Geneticist3,370 PAB
Clinical Neuropsychologist4,300 PAB
Clinical Policy Developer1,760 PAB
Clinical Psychologist6,320 PAB
Clinical Research Coordinator2,170 PAB
Clinical Scientist4,010 PAB
Clinical Social Worker1,590 PAB
CME Specialist3,110 PAB
Coding Practice Manager2,420 PAB
Community Relations Manager2,100 PAB
Company Nurse1,320 PAB
Correctional Treatment Specialist4,000 PAB
Counseling Psychologist5,070 PAB
Credentialing Analyst1,650 PAB
Critical Care Nurse1,770 PAB
CT Technologist1,860 PAB
Cytogenetic Technologist2,970 PAB
Data Coordinator970 PAB
Dental Assistant1,350 PAB
Dental Hygienist1,230 PAB
Dental Laboratory Technician1,310 PAB
Dental Receptionist1,080 PAB
Dental Technician1,320 PAB
Dental Therapist1,940 PAB
Dentist4,700 PAB
Dermatologist6,050 PAB
Diagnostic Medical Sonographer2,270 PAB
Dietetic Technician1,390 PAB
Dietitian3,850 PAB
Director of Medical Staff Services3,840 PAB
Discharge Coordinator930 PAB
Dispensing Optician1,870 PAB
District Nurse1,690 PAB
Doctor5,020 PAB
Dosimetrist2,640 PAB
EKG Technician1,800 PAB
Emergency Department Physician4,530 PAB
Emergency Management Director4,810 PAB
Emergency Response Specialist2,060 PAB
Emergency Services Director5,440 PAB
Endodontist5,880 PAB
Endoscopic Assistant1,610 PAB
Endoscopy Technician1,720 PAB
Enterostomal Therapist2,680 PAB
Epidemiologist3,340 PAB
ER Registration Supervisor1,380 PAB
Exercise Physiologist5,110 PAB
Family Nurse Practitioner1,810 PAB
FGP Ultrasound Techncian1,680 PAB
Food Services Director2,550 PAB
Forensic Pathologist5,660 PAB
General Medical Practitioner4,120 PAB
Genetic Counselor3,280 PAB
Head Nurse1,930 PAB
Health Compliance Director5,130 PAB
Health Economist4,980 PAB
Health Information Manager2,440 PAB
Health Services Manager4,140 PAB
Health Systems Specialist2,470 PAB
Health Technologist2,680 PAB
Health Unit Coordinator1,380 PAB
Healthcare Assistant1,620 PAB
Healthcare Consultant2,940 PAB
Healthcare Data Analyst2,020 PAB
Hearing Aid Specialist2,020 PAB
Histotechnologist2,680 PAB
Home Health Aide1,520 PAB
Home Health Scheduler1,090 PAB
Home Nurse1,510 PAB
ICU Registered Nurse1,800 PAB
Immunologist3,600 PAB
Industrial Hygienist2,740 PAB
Infection Control Coordinator1,940 PAB
Infection Control Practitioner4,070 PAB
Infection Preventionist3,130 PAB
Informatics Nurse Specialist1,780 PAB
Informatics Practice Specialist2,370 PAB
Intake Coordinator970 PAB
Internist6,480 PAB
Interventional Radiographer3,140 PAB
Interventionist6,010 PAB
Invasive Cardiologist8,570 PAB
Lab Assistant1,530 PAB
Laboratory Manager2,870 PAB
Laboratory Technician1,620 PAB
Lead Patient Account Representative1,810 PAB
Licensed Practical Nurse (LPN)1,590 PAB
Low Vision Therapist3,350 PAB
Mammography Technician1,540 PAB
Managed Care Assistant990 PAB
Maternity Services Director4,520 PAB
MDS Coordinator1,830 PAB
Medical Administrator2,250 PAB
Medical Assistant1,040 PAB
Medical Biller1,120 PAB
Medical Billing Clerk890 PAB
Medical Billing Specialist1,790 PAB
Medical Coder1,370 PAB
Medical Courier1,140 PAB
Medical Director4,420 PAB
Medical Equipment Maintenance Manager2,090 PAB
Medical Equipment Preparer1,660 PAB
Medical Forms Designer1,370 PAB
Medical Insurance Manager3,360 PAB
Medical Office Administrator1,770 PAB
Medical Office Assistant1,410 PAB
Medical Office Manager3,370 PAB
Medical Policy Manager2,940 PAB
Medical Policy Specialist1,740 PAB
Medical Project Coordinator1,250 PAB
Medical Records Administrator1,380 PAB
Medical Records Clerk650 PAB
Medical Records Coding Manager2,340 PAB
Medical Records Director2,880 PAB
Medical Records Transcriptionist1,040 PAB
Medical Scribe1,500 PAB
Medical Secretary1,050 PAB
Medical Staff Services Specialist2,010 PAB
Medical Technologist1,730 PAB
Medication Aide1,560 PAB
Mental Health Aide1,590 PAB
Mental Health Nurse1,790 PAB
Mental Health Technician1,560 PAB
Mental Health Therapst3,460 PAB
Mental Health Worker1,690 PAB
Mobile Phlebotomist1,200 PAB
MRI Technologist1,700 PAB
Music Therapist2,400 PAB
Naturopathic Physician6,170 PAB
Neonatal Nurse Practitioner2,270 PAB
Neonatologist4,560 PAB
Neurodiagnostic Techncian1,650 PAB
Neurologist6,520 PAB
Neurophysiology Technologist1,850 PAB
Neuropsychology Testing Assistant1,470 PAB
Nuclear Medical Technician2,290 PAB
Nuclear Medicine Physician5,360 PAB
Nuclear Medicine Technolgoist2,180 PAB
Nurse1,620 PAB
Nurse Educator1,960 PAB
Nurse Midwife1,880 PAB
Nurse Practitioner2,090 PAB
Nursing Assistant1,480 PAB
Nursing Coordinator1,870 PAB
Nursing Director4,030 PAB
Nursing Services Instructor1,870 PAB
Nursing Supervisor2,420 PAB
Nutrition Assistant1,560 PAB
Nutrition Services Aide2,080 PAB
Obstetrician / Gynecologist5,500 PAB
Occupaitional Therapy Assistant1,760 PAB
Occupational Health Advisor3,200 PAB
Occupational Health Safety Specialist2,890 PAB
Occupational Therapist2,560 PAB
Oncology Specialty Representative1,920 PAB
Operating Room Scheduler1,460 PAB
Operating Room Services Director4,850 PAB
Ophthalmic Assistant1,800 PAB
Ophthalmic Laboratory Technician1,740 PAB
Ophthalmologist4,290 PAB
Optician3,780 PAB
Optometrist4,300 PAB
Oral Surgeon6,160 PAB
Orthodontic Assistant1,450 PAB
Orthodontist6,360 PAB
Orthopedic Technician1,750 PAB
Orthoptist4,690 PAB
Orthotist4,530 PAB
Pathology Assistant1,590 PAB
Patient Account Represenatative1,650 PAB
Patient Care Coordinator2,070 PAB
Patient Care Manager3,010 PAB
Patient Care Services Executive2,300 PAB
Patient Care Technician1,500 PAB
Patient Management Coordinator1,430 PAB
Patient Registrar1,090 PAB
Patient Relations Manager2,530 PAB
Patient Representative1,530 PAB
Patient Safety Manager2,470 PAB
Patient Safety Specialist2,000 PAB
Patient Services Coordinator2,290 PAB
Patient Services Director3,350 PAB
Patient Sitter1,340 PAB
Pediatrician4,850 PAB
Perfusionist5,220 PAB
Periodontist5,920 PAB
Perioperative Aide2,110 PAB
Personal Support Worker1,320 PAB
Phlebotomist1,230 PAB
Physical Therapist3,390 PAB
Physical Therapy Aide1,380 PAB
Physical Therapy Assistant1,330 PAB
Physical Therapy Director3,780 PAB
Physician5,370 PAB
Physician - Anesthesiology7,540 PAB
Physician - Cardiology7,830 PAB
Physician - CCU4,290 PAB
Physician - Dermatology6,470 PAB
Physician - Emergency Room4,700 PAB
Physician - Endocrinology5,810 PAB
Physician - Family Practice4,320 PAB
Physician - Gastroenterology5,670 PAB
Physician - Generalist4,400 PAB
Physician - Geriatrics4,050 PAB
Physician - Hematology / Oncology5,500 PAB
Physician - Immunology / Allergy6,490 PAB
Physician - Infectious Disease5,370 PAB
Physician - Internal Medicine6,340 PAB
Physician - Maternal / Fetal Medicine5,410 PAB
Physician - Nephrology6,420 PAB
Physician - Neurology6,220 PAB
Physician - Nuclear Medicine5,640 PAB
Physician - Obstetrics / Gynecology5,770 PAB
Physician - Occupational Medicine4,320 PAB
Physician - Ophthalmology3,930 PAB
Physician - Otolaryngology3,940 PAB
Physician - Pain Medicine3,560 PAB
Physician - Pathology4,370 PAB
Physician - Pediatric Cardiology5,790 PAB
Physician - Pediatric Neonatology5,340 PAB
Physician - Pediatrics4,670 PAB
Physician - Physiatry5,450 PAB
Physician - Podiatry4,840 PAB
Physician - Pulmonary Medicine3,690 PAB
Physician - Radiation Therapy6,480 PAB
Physician - Radiology6,270 PAB
Physician - Rheumatology5,350 PAB
Physician - Sports Medicine5,670 PAB
Physician - Urology7,110 PAB
Physician Assistant3,210 PAB
Physiotherapist3,830 PAB
Podiatrist3,930 PAB
Practice Manager4,150 PAB
Pre Authorization Case Manager2,410 PAB
Preventive Medicine Physician5,000 PAB
Program Coordinator1,020 PAB
Project Manager2,460 PAB
Prosthetist3,960 PAB
Prosthodontist5,880 PAB
Psychiatric Nurse1,620 PAB
Psychiatric Technician1,540 PAB
Psychiatrist5,590 PAB
Psychololgist5,200 PAB
Psychometrician4,770 PAB
Psychometrist2,690 PAB
Public Health Analyst3,450 PAB
Public Health Social Worker1,020 PAB
Public Health Specialist3,570 PAB
Quality Assurance Manager2,850 PAB
Radiation Therapist5,940 PAB
Radiation Therapy Technologist2,240 PAB
Radiographer3,660 PAB
Radiography Technologist2,390 PAB
Radiologic Technologist2,370 PAB
Radiologist5,670 PAB
Radiology Manager5,510 PAB
Radiology Technologist2,420 PAB
Registered Nurse1,700 PAB
Registered Nurse Case Manager2,110 PAB
Registered Respiratory Therapist3,200 PAB
Rehabilitation Director4,480 PAB
Rehabilitation Services Manager5,340 PAB
Respiratory Care Practitioner4,340 PAB
Respiratory Manager3,070 PAB
Respiratory Therapist3,220 PAB
Respiratory Therapy Technician1,850 PAB
School Nurse1,550 PAB
Skin Care Specialist3,220 PAB
Sonographer2,210 PAB
Sonography Technologist2,270 PAB
Speech and Language Pathologist3,530 PAB
Staff Nurse1,620 PAB
Surgeon6,540 PAB
Surgeon - Burn6,080 PAB
Surgeon - Cardiothoracic8,930 PAB
Surgeon - Heart Transplant9,430 PAB
Surgeon - Neurology7,860 PAB
Surgeon - Orthopedic9,480 PAB
Surgeon - Pediatric7,340 PAB
Surgeon - Plastic Reconstructive8,240 PAB
Surgeon - Trauma7,050 PAB
Surgical Assistant2,200 PAB
Surgical Instrument Techncian1,970 PAB
Surgical Technologist2,260 PAB
Telephonic Nurse Case Manager2,230 PAB
Theatre Manager2,780 PAB
Treatment Services Director5,800 PAB
Ultrasonographer1,770 PAB
Ultrasound Technologist1,750 PAB
Urologist6,850 PAB
Utilization Review Nurse1,770 PAB
Vascular Technologist1,620 PAB
Vision Rehabilitation Therapist3,320 PAB
Ward Manager2,820 PAB
Wellness Coordinator2,130 PAB
X-Ray Technologist2,390 PAB

Health and Medical Jobs Salary Distribution in Panama

Median and salary distribution monthly Panama Health and Medical
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The median, the maximum, the minimum, and the range

  • Salary Range

    Health and Medical salaries in Panama range from 660 PAB per month (minimum average salary) to 9,460 PAB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,910 PAB per month, which means that half (50%) of people working in Health and Medical are earning less than 2,910 PAB while the other half are earning more than 2,910 PAB. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Health and Medical are earning less than 1,610 PAB while 75% of them are earning more than 1,610 PAB. Also from the diagram, 75% of people working in Health and Medical are earning less than 5,690 PAB while 25% are earning more than 5,690 PAB.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Panama costs anywhere from 10,600 Balboa(s) to 31,800 Balboa(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Health and Medical Salary Comparison By Gender

Salary comparison by gender monthly Panama Health and Medical
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Panama who work in Health and Medical earn 7% more than their female counterparts on average.

Male
3,250 PAB
Female-6%
3,050 PAB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Panama for all Careers

Salary comparison by gender monthly Panama
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Health and Medical Average Annual Salary Increment Percentage in Panama

How much are annual salary increments in Panama for Health and Medical professionals? How often do employees get salary raises?

Health and Medical

Health and Medical professionals in Panama are likely to observe a salary increase of approximately 8% every 18 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Panama Health and Medical
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Panama / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Panama is 4%.

Annual Increment Rate By Industry 2020

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Panama for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Health and Medical Bonus and Incentive Rates in Panama

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Panama Health and Medical
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Health and Medical is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

53% of surveyed staff in Health and Medical reported that they haven't received any bonuses or incentives in the previous year while 47% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
47%
No Bonus
53%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Health and Medical Hourly Average Wage in Panama


18 PAB per hour

The average hourly wage (pay per hour) in Panama is 18 PAB. This means that the average person in Panama earns approximately 18 PAB for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Health and Medical VS Other Jobs

Salary Comparison Between Health and Medical and Health and Medical monthly Panama
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The average salary for Health and Medical is 49% more than that of All Jobs.

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Panama earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
2,060 PAB
Public Sector+5%
2,170 PAB
Percentage increase and decrease are relative to the previous value

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