Payment Depositer, Medical Billing Salary

Most Medical Billing Payment Depositers in the United States are women. The workforce as a whole earns a median of approximately $14.73 per hour. Job satisfaction for Medical Billing Payment Depositers is high. While close to a fourth report receiving no health benefits, the greater part do receive medical coverage, and the larger part have dental, as well. The numbers in this rundown were provided by PayScale's salary survey participants.
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$28,000 - $50,000
(Median)
$28K
$38K
$50K
MEDIAN: $37,752
10%
50%
90%

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$11.07 - $18.72
(Median)
$11
$15
$19
MEDIAN: $14.00
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$17K$34K$51K
Salary
$28,000 - $50,000  
   
Bonus
$0.00 - $1,600  
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).
)
$23,465 - $41,191  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 14
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$11$22$33
Hourly Rate
$11.07 - $18.72  
   
Overtime
$14.54 - $30.38  
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$22K$44K$66K
Bonus
$0.00 - $1,600  
   
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).
)
$23,465 - $41,191  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 181
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Job Description for Payment Depositer, Medical Billing

The medical billing payment depositor is a role sought after by various companies in the healthcare industry, including hospitals, clinics, and health groups. Many companies are looking for prospective applicants that have at least a high school diploma or GED, although having an associate's degree could be helpful. Most companies will require at least 2 years of experience in a related field such as medical billing or collections.

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Payment Depositer, Medical Billing Tasks

  • Record information about financial status of customers and status of collection efforts.
  • Monitor overdue accounts, receive payments and post amounts paid to customer accounts.
  • Locate and notify customers of delinquent accounts by mail or telephone.
  • Arrange for debt repayment or establish repayment schedules, based on customers' financial situations.

Biller, Medical Office Job Listings

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Typical Medical Billing Payment Depositers report a focused set of job skills. Medicaid & Medicare Billing and Accounts Receivable are considered valuable skills and can increase employee pay by 5 percent and 3 percent, respectively.

Pay by Experience Level for Payment Depositer, Medical Billing

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Medical Billing Payment Depositers with a lot of experience do not necessarily enjoy more money. Salaries for the relatively untried average out to around $28K, but survey participants with five to 10 years of experience earn a significantly higher median of $33K. The average pay reported by folks with 10 to 20 years of experience is around $34K. In the end, more experience does seem to mean larger paychecks; seasoned Medical Billing Payment Depositers with more than 20 years of experience earn a predictably higher median salary of $36K.

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Experience Affects Payment Depositer, Medical Billing Salaries

Late-Career
up arrow 16%

Experienced
up arrow 10%

Mid-Career
up arrow 4%

National Average
$31,000

Entry-Level
up arrow 11%

Skills That Affect Payment Depositer, Medical Billing Salaries

Medicaid & Medicare Billing
up arrow 5%

Accounts Receivable
up arrow 3%

National Average
$31,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
98 %
Male
2 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
27%
10-19 years
32%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 69%
dental benefits
Dental: 57%
medical benefits
Vision: 45%
dental benefits
None: 26%
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