Women comprise the majority of Medical Billing Payment Depositers in the United States. Individuals in this line of work make around $15.06 per hour on average. Some workers in this field — about a fourth — are not awarded benefits. Medical coverage is reported by the greater part and dental plans are enjoyed by more than half. Work is enjoyable for Medical Billing Payment Depositers, who typically claim high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$36,363 - $41,824
(Median)
$
$39K
$
MEDIAN: $38,794
50%

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$11.74 - $18.32
(Median)
$12
$15
$18
MEDIAN: $15.00
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$14K$28K$42K
Salary
$38,794  
   
Bonus
$257.60 - $5,817  
Profit Sharing
$675  
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).
)
$24,782 - $40,402  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 8
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
$11.74 - $18.32  
   
Overtime
$15.98 - $30.43  
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
$257.60 - $5,817  
   
Profit Sharing
$675  
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).
)
$24,782 - $40,402  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 116
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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.

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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.


Workers with less than five years' experience earn around $30K on average, and those who have five to 10 years under their belts see a higher median salary of $32K. Medical Billing Payment Depositers claiming one to two decades of experience make an estimated median of $36K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Payment Depositer, Medical Billing Advice

What do you wish you knew about your job when you first started out?

Payment Depositer, Medical Billing in Knoxville:
I wish I had known my Boss would end up being more like a Librarian! Just beware of your surrounding work environment...

Related Job Salaries

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Experience Affects Payment Depositer, Medical Billing Salaries

Experienced
up arrow 13%

Late-Career
up arrow 12%

Mid-Career
up arrow 1%

National Average
$32,000

Entry-Level
up arrow 7%

Skills That Affect Payment Depositer, Medical Billing Salaries

Medicaid & Medicare Billing
up arrow 3%

Accounts Receivable
up arrow 2%

National Average
$32,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
98 %
Male
2 %

Years of Experience

Less than 1 year
2%
1-4 years
40%
5-9 years
23%
10-19 years
26%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 68%
dental benefits
Dental: 58%
medical benefits
Vision: 54%
dental benefits
None: 27%
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