Women make up the vast majority of Medical Billing Payment Depositers in the United States. The average pay in this industry is approximately $15.02 per hour. While some workers in this profession — nearly one in three — do not have any health coverage, the larger part do receive medical benefits and approximately half have dental insurance. Job satisfaction is reported as high by the vast majority of workers. The information for this snapshot was generated by responses to the PayScale salary survey.
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$27,000 - $40,000
$37K
MEDIAN: $37,113
50%

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$11.57 - $18.44
$12
$15
$18
MEDIAN: $15.02
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
$37,113  
   
Bonus
$255.32 - $5,872  
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).
)
$23,543 - $40,399  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 9
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
$11.57 - $18.44  
   
Overtime
$16.38 - $30.27  
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
$255.32 - $5,872  
   
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).
)
$23,543 - $40,399  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 106

Find Out Exactly What You Should Be Paid

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.

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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 in their first five years can expect to earn $29K, but people who have been around for five to 10 years earn a noticeably bigger sum of $33K. Medical Billing Payment Depositers with one to two decades of relevant experience report an average salary of approximately $37K. Survey participants with more than twenty years of experience only make around $36K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Payment Depositer, Medical Billing Advice

Q: What is it like working as a Payment Depositer, Medical Billing?

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

Key Stats for Payment Depositer, Medical Billing

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 15 votes.
039
Less than 1 year
3%
1-4 years
39%
5-9 years
23%
10-19 years
24%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Payment Depositer, Medical Billing Salaries

Experienced
up arrow 15%

Late-Career
up arrow 13%

Mid-Career
up arrow 4%

National Average
$32,000

Entry-Level
up arrow 8%

Skills That Affect Payment Depositer, Medical Billing Salaries

Medicaid & Medicare Billing
up arrow 3%


National Average
$32,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 15 votes.

Years of Experience

Less than 1 year
3%
1-4 years
39%
5-9 years
23%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 50%
vision benefits
Vision: 47%
dental benefits
None: 32%
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