Home > Salary > Ethiopia > Payment Depositor Medical Billing
The occupation of a payment depositor in medical billing involves handling and processing payments received from patients, insurance companies, and other third-party payers. The primary responsibility is to accurately record and deposit payments into the appropriate accounts. This role requires strong attention to detail, as the payment depositor must ensure that all payments are correctly allocated and posted to the correct patient accounts.
Additionally, the payment depositor may be tasked with reconciling discrepancies or errors in payment records, communicating with patients or insurance companies regarding payment issues, and maintaining accurate financial records. They may also be responsible for generating reports related to payment activity and assisting with financial audits.
Estimated Yearly Salary: 80,781 ETB
Estimated Monthly Salary: 6,732 ETB
Estimated Weekly Salary: 1,553 ETB per week
Estimated Hourly Salary: 39 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,490 ETB
Estimated Weekly Salary: 1,498 ETB per week
Estimated Hourly Salary: 37 ETB per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 1,345 USD
Estimated Monthly Salary: 112 USD
Estimated Weekly Salary: 26 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 80,781 ETB
Estimated Monthly Salary: 6,732 ETB
Estimated Weekly Salary: 1,553 ETB per week
Estimated Hourly Salary: 39 ETB per hour
By working as Payment Depositor Medical Billing a person can save up to 35 USD per month or 423 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Payment Depositor Medical Billing
Last revision of data: 2025-01-04
Data as of 2025
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Payment Depositor Medical Billing salary in Ethiopia
Average Yearly Salary of Payment Depositor Medical Billing in Ethiopia is approximately 80,781 ETB (1,345 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Payment Depositor Medical Billing do?
The occupation of a payment depositor in medical billing involves handling and processing payments received from patients, insurance companies, and other third-party payers. The primary responsibility is to accurately record and deposit payments into the appropriate accounts. This role requires strong attention to detail, as the payment depositor must ensure that all payments are correctly allocated and posted to the correct patient accounts.
Additionally, the payment depositor may be tasked with reconciling discrepancies or errors in payment records, communicating with patients or insurance companies regarding payment issues, and maintaining accurate financial records. They may also be responsible for generating reports related to payment activity and assisting with financial audits.
Skills: Payment Depositor, Medical Billing, Payment Processing, Account Reconciliation, Financial Records, Insurance Payments
Job industry: Healthcare
Job industry: Healthcare
How much does Payment Depositor Medical Billing make?
Salary details
How much does Payment Depositor Medical Billing make?Estimated Yearly Salary: 80,781 ETB
Estimated Monthly Salary: 6,732 ETB
Estimated Weekly Salary: 1,553 ETB per week
Estimated Hourly Salary: 39 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 77,880 ETBEstimated Monthly Salary: 6,490 ETB
Estimated Weekly Salary: 1,498 ETB per week
Estimated Hourly Salary: 37 ETB per hour
Last revision of data: 2024-01-07Payment Depositor Medical Billing estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,345 USD
Estimated Monthly Salary: 112 USD
Estimated Weekly Salary: 26 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Payment Depositor Medical Billing job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Payment Depositor Medical Billing in Ethiopia earns on average:
0.77 times the average salary (or 77% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Payment Depositor Medical Billing job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Payment Depositor Medical Billing in Ethiopia earns on average:
0.77 times the average salary (or 77% of average salary).
Is Payment Depositor Medical Billing a well paid job?
No, our data shows that Payment Depositor Medical Billing is typically not a well-paid job. The salary varies based on experience. Meaning that even though Payment Depositor Medical Billing might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Payment Depositor Medical Billing?
High salary for Payment Depositor Medical Billing would be somewhere between 88,859 ETB and 117,132 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Payment Depositor Medical Billing in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 80,781 ETB
Estimated Monthly Salary: 6,732 ETB
Estimated Weekly Salary: 1,553 ETB per week
Estimated Hourly Salary: 39 ETB per hour
By working as Payment Depositor Medical Billing a person can save up to 35 USD per month or 423 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Payment Depositor Medical Billing
Sudan is 534 USD
Kenya is 4,182 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Model (91,680 ETB per year, pre-tax.)
Navy petty officer 3rd class surface vessels (70,129 ETB per year, pre-tax.)
First-line supervisor manager of transportation and material-moving machine and vehicle operators (57,621 ETB per year, pre-tax.)
Youth director (church) (79,080 ETB per year, pre-tax.)
Ecologist (85,512 ETB per year, pre-tax.)
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The salary estimates on optisalary.com are meant for informational purposes exclusively. We compile salary data from multiple sources, but do not guarantee complete precision. Users should on their own verify salaries before making career commitments. Salary variations occur due to company policies, negotiation skills, and experience levels. We disclaim any guarantee regarding the correctness of the listed salary data. By accessing this site, you acknowledge that salary data is not definitive.
The salary figures on optisalary.com are meant for reference purposes only. We compile salary data from varied providers, but do not guarantee complete accuracy. Users must independently verify salaries before making financial decisions. Salary variations occur due to company policies, negotiation skills, and experience levels. We deny any warranty regarding the validity of the provided salary data. By accessing this site, you agree that salary data is not definitive.