Collections Clerk Medical salary in Iceland

Average Yearly Salary of Collections Clerk Medical in Iceland is approximately 6,402,994 ISK (44,488 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 Collections Clerk Medical do?

A collections clerk in the medical field is responsible for managing and organizing patient accounts, ensuring timely payment of outstanding balances, and resolving any billing issues. They work closely with insurance companies, patients, and healthcare providers to ensure accurate and efficient billing processes. The collections clerk may review and analyze patient statements, follow up on unpaid claims, negotiate payment plans, and answer any inquiries related to billing or insurance coverage. They also maintain accurate records of financial transactions, update patient information, and prepare reports for management. This role requires strong attention to detail, excellent communication skills, and a solid understanding of medical billing and coding procedures.

Skills: collections clerk, medical billing, healthcare finance, accounts receivable, insurance claims, patient accounts
Job industry: Healthcare

How much does Collections Clerk Medical make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Collections Clerk Medical a well paid job?

No, our data shows that Collections Clerk Medical is typically not a well-paid job. The salary varies based on experience. Meaning that even though Collections Clerk Medical might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Collections Clerk Medical?

High salary for Collections Clerk Medical would be somewhere between 7,043,293 ISK and 9,284,341 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Collections Clerk Medical in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 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: 6,402,994 ISK
Estimated Monthly Salary: 533,583 ISK
Estimated Weekly Salary: 123,135 ISK per week
Estimated Hourly Salary: 3,078 ISK per hour
By working as Collections Clerk Medical a person can save up to 979 USD per month or 11,742 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 Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Collections Clerk Medical

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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