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 $14.53 per hour. Unfortunately, some people in this line of work are without benefits — just over a fifth lack coverage. On the flip side, a strong majority have medical insurance and more than half receive dental plans. The majority of workers are highly satisfied with their job. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$26,553 - $50,335
(Median)
$27K
$38K
$50K
MEDIAN: $37,752
10%
50%
90%

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$11.01 - $18.39
(Median)
$11
$15
$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
$26,553 - $50,335  
   
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).
)
$23,284 - $40,619  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 12
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$11$22$33
Hourly Rate
$11.01 - $18.39  
   
Overtime
$14.54 - $30.19  
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$22K$44K$66K
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).
)
$23,284 - $40,619  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 163
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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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Professional skills reported by Medical Billing Payment Depositers are few in number. Medicaid & Medicare Billing and Accounts Receivable are considered valuable skills and can increase employee pay by 7 percent and 5 percent, respectively.

Pay by Experience Level for Payment Depositer, Medical Billing

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


For Medical Billing Payment Depositers, experience does not seem to be a major factor in determining pay. Workers in their first five years can expect to earn $27K, but people who have been around for five to 10 years earn a noticeably bigger sum of $32K. Medical Billing Payment Depositers who work for 10 to 20 years in their occupation tend to earn about $34K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $37K, demonstrating that compensation is roughly commensurate with experience in the end.

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Experience Affects Payment Depositer, Medical Billing Salaries

Late-Career
up arrow 19%

Experienced
up arrow 10%

Mid-Career
up arrow 5%

National Average
$31,000

Entry-Level
up arrow 12%

Skills That Affect Payment Depositer, Medical Billing Salaries

Medicaid & Medicare Billing
up arrow 7%


National Average
$31,000

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
26%
10-19 years
31%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 70% dental benefits Dental: 58%
vision benefits Vision: 45% employee benefits None: 23%
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