Payment Depositer, Medical Billing Salary

Women make up the vast majority of Medical Billing Payment Depositers in the United States. The average pay in this industry is approximately $14.53 per hour. Job satisfaction is reported as high by the vast majority of workers. While slightly more than a fifth report receiving no health benefits, a fair number do receive medical coverage, and the larger part have dental, as well. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$26,553 - $50,335

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$11.01 - $18.39

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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$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).
)
$23,306 - $40,619  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 12
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
$11.01 - $18.39  
   
Overtime
$14.54 - $30.19  
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
$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).
)
$23,306 - $40,619  
Country: United States | Currency: USD | Updated: 18 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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Job skills reported by Medical Billing Payment Depositers are limited. 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, more experience in the field does not usually mean bigger paychecks. Although individuals who have less than five years' experience earn $27K on average, people with five to 10 years benefit from a notably larger average of $32K. After working for 10 to 20 years, Medical Billing Payment Depositers make a median salary of $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: 71% dental benefits Dental: 59%
vision benefits Vision: 46% employee benefits None: 23%
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