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Payment Depositer, Medical Billing Salary

Medical Billing Payment Depositers in the United States are largely female. The average salary of the entire group is approximately $14.40 per hour. Although one-fourth lack health benefits of any kind, more than half do enjoy medical insurance, and the larger part get dental coverage, too. The majority of Medical Billing Payment Depositers claim high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
$20,608 - $50,167
(Median)
21K
30K
38K
45K
50K
MEDIAN: $38,254
10%
25%
50%
75%
90%

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$10.92 - $18.52
(Median)
11
14
16
19
MEDIAN: $14.00
10%
50%
75%
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
$20,608 - $50,167  
   
Bonus
$0.00 - $1,510  
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).
)
$22,964 - $40,508  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | 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
$10.92 - $18.52  
   
Overtime
$13.81 - $29.19  
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$20K$40K$60K
Bonus
$0.00 - $1,510  
   
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).
)
$22,964 - $40,508  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 161
United States (change)

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.


For Medical Billing Payment Depositers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. 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. For Medical Billing Payment Depositers, 10 to 20 years of experience on the job amounts to an average salary of $32K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $36K, demonstrating that compensation is roughly commensurate with experience in the end.

Related Job Salaries

Experience Affects Payment Depositer, Medical Billing Salaries

Late-Career
up arrow 17%

Experienced
up arrow 5%

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 32 votes.

Gender

Female
98 %
Male
2 %

Years of Experience

Less than 1 year
3%
1-4 years
29%
5-9 years
24%
10-19 years
37%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 69% dental benefits Dental: 56%
vision benefits Vision: 42% employee benefits None: 25%