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Payment Depositer, Medical Billing Salary

Most Medical Billing Payment Depositers in the United States are women. The median pay for people in this role is approximately $14.41 per hour. Job satisfaction is high and work is enjoyable for most Medical Billing Payment Depositers. Although a majority have medical coverage and the greater part have dental coverage, nearly one in four claim no health benefits at all. The data in this summary comes from the PayScale salary survey.
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$26,356 - $50,507
(Median)
$26K
$38K
$51K
MEDIAN: $38,473
10%
50%
90%

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$10.97 - $18.36
(Median)
$11
$14
$18
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17K$34K$51K
Salary
$26,356 - $50,507  
   
Bonus
$0.00 - $1,237  
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).
)
$23,183 - $40,453  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 11
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$10.97 - $18.36  
   
Overtime
$13.81 - $29.74  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$0.00 - $1,237  
   
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).
)
$23,183 - $40,453  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 157

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United States (change)


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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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Pay by Experience Level for Payment Depositer, Medical Billing

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


Experience and pay tend to be weakly linked for Medical Billing Payment Depositers — those with more experience do not necessarily bring in higher earnings. Survey participants with less than five years' experience pocket $27K on average, but those with five to 10 years of experience enjoy a much bigger median of $32K. The average pay reported by folks with 10 to 20 years of experience is around $33K. 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.

Related Job Salaries

United States (change)

Experience Affects Payment Depositer, Medical Billing Salaries

Late-Career
up arrow 18%

Experienced
up arrow 8%

Mid-Career
up arrow 4%

National Average
$31,000

Entry-Level
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.

Gender

Female
98 %
Male
2 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
23%
10-19 years
34%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 68% dental benefits Dental: 56%
vision benefits Vision: 44% employee benefits None: 26%
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