Deposit clerk vs medical billing clerk

The differences between deposit clerks and medical billing clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a deposit clerk, becoming a medical billing clerk takes usually requires 1-2 years. Additionally, a medical billing clerk has an average salary of $33,566, which is higher than the $31,146 average annual salary of a deposit clerk.

The top three skills for a deposit clerk include administrative tasks, tax returns and check amounts. The most important skills for a medical billing clerk are patients, medical billing, and healthcare.

Deposit clerk vs medical billing clerk overview

	Deposit Clerk	Medical Billing Clerk
Yearly salary	$31,146	$33,566
Hourly rate	$14.97	$16.14
Growth rate	-5%	-3%
Number of jobs	66,434	164,870
Job satisfaction	-	-
Most common degree	High School Diploma, 32%	Associate Degree, 30%
Average age	51	46
Years of experience	6	2

Deposit clerk vs medical billing clerk salary

Deposit clerks and medical billing clerks have different pay scales, as shown below.

	Deposit Clerk	Medical Billing Clerk
Average salary	$31,146	$33,566
Salary range	Between $25,000 And $37,000	Between $27,000 And $40,000
Highest paying City	-	San Leandro, CA
Highest paying state	-	Washington
Best paying company	-	iCare
Best paying industry	-	Health Care

Differences between deposit clerk and medical billing clerk education

There are a few differences between a deposit clerk and a medical billing clerk in terms of educational background:

	Deposit Clerk	Medical Billing Clerk
Most common degree	High School Diploma, 32%	Associate Degree, 30%
Most common major	Business	Health Care Administration
Most common college	University of Pennsylvania	Stanford University

Deposit clerk vs medical billing clerk demographics

Here are the differences between deposit clerks' and medical billing clerks' demographics:

	Deposit Clerk	Medical Billing Clerk
Average age	51	46
Gender ratio	Male, 18.6% Female, 81.4%	Male, 11.3% Female, 88.7%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.3% American Indian and Alaska Native, 0.6%	Black or African American, 10.4% Unknown, 4.3% Hispanic or Latino, 21.9% Asian, 6.8% White, 55.8% American Indian and Alaska Native, 0.8%
LGBT Percentage	7%	7%

Differences between deposit clerk and medical billing clerk duties and responsibilities

Deposit clerk example responsibilities.

Manage finance operations of assign USPS location.
Comply with IRS rules and guidelines.
Post ATM transactions, debit and credit accounts accordingly.
Balance branch ATM's with frequent telephone interaction with the bank personnel in the same manner as the retail machines.
Researched/Post payments not process by Lockbox and prepare nightly deposits.
Maintain payroll operations by following policies and procedures; reporting need changes and requesting approvals before payrolls are released.

Medical billing clerk example responsibilities.

Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
Interact with patients as part of the quality assurance process (follow-up, EHR confirmation, billing confirmation).
Reconcile insurance and patient payments while researching and resolving incorrect payments, EOB rejections, and assort issues with outstanding accounts.
Utilize medical terminology and follow HIPAA guidelines.
Bill Magellan through Nextgen system.
Double checked CMS-1500 form before posting it out to the insurance companies.

Deposit clerk vs medical billing clerk skills

Common deposit clerk skills

Administrative Tasks, 20%
Tax Returns, 16%
Check Amounts, 13%
IRS, 12%
Treasury, 8%
Credit Card Payments, 6%

Common medical billing clerk skills

Patients, 18%
Medical Billing, 10%
Healthcare, 7%
Data Entry, 7%
Customer Service, 6%
Medicaid, 5%

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Office and Administrative Industry
Deposit Clerk
Deposit Clerk vs Medical Billing Clerk

Updated January 8, 2025

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