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Payment Depositer, Medical Billing Salary

Women comprise the majority of Medical Billing Payment Depositers in the United States. Individuals in this line of work make around $14.46 per hour on average. Most Medical Billing Payment Depositers like their work and job satisfaction is high. While close to one-fourth report receiving no health benefits, a majority do receive medical coverage, and a little over a half have dental, as well. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$26,791 - $50,167
(Median)
$27K
$38K
$50K
MEDIAN: $38,418
10%
50%
90%

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$11.02 - $18.52
(Median)
$11
$14
$19
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
$26,791 - $50,167  
   
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).
)
$23,328 - $40,790  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 13
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
$11.02 - $18.52  
   
Overtime
$13.69 - $29.80  
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).
)
$23,328 - $40,790  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 155

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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.


Medical Billing Payment Depositers with a lot of experience do not necessarily enjoy more money. The average beginner in this position makes around $27K, but folks who have been around for five to 10 years see a markedly higher median salary of $32K. Medical Billing Payment Depositers bring in $33K after working for 10 to 20 years. As Medical Billing Payment Depositers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $36K.

Related Job Salaries

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Experience Affects Payment Depositer, Medical Billing Salaries

Late-Career
up arrow 18%

Experienced
up arrow 7%

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
32%
5-9 years
24%
10-19 years
35%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 67% dental benefits Dental: 54%
vision benefits Vision: 42% employee benefits None: 27%