Revenue and Billing Analyst II - Hybrid

Labcorp is seeking a Billing Analyst II (Revenue and Billing Analyst) to join our team in Burlington or Durham, NC!

Hours: Monday - Friday 8am to 5pm EST

Worksite Location: Hybrid (This hybrid position offers a balanced schedule of three in-office workdays at our Burlington or Durham, NC locations and two remote workdays per week, supporting both collaboration and flexibility.

Responsibilities

• Development of strategies aimed at reducing Addressable bad debt, including benchmarking
• Partner with internal and external stakeholders to implement process improvements to address clients with high bad debt or revenue write off experience
• Interfacing with the client and/or Sales to address outstanding, past due client balances and obtaining billing information for items moved to third parties
• Provide billing training to phlebotomists, Sales, and clients to ensure correct billing and prompt payment Training
• Work with clients and divisional employees to resolve billing issues to increase cash and reduce bad debt.
• Work with eClaims Assist/RPI to analyze the accounts with high volume specimen information requests
• Conduct comprehensive client audits to assess denials to drive reduction of addressable bad debt and improve the overall financial performance of the division
• Conduct comprehensive billing business reviews
• Act as liaison between Division and Revenue Cycle Management
• Analyzes third party billing procedures, policies and results
• Assist in determining best options to reduce Addressable Bad Debt by reviewing key indicators
• Assist in determining best options to improve Revenue by reviewing key indicators
• Analyzes client AR for delinquency
• Discuss cause of delinquency with Sales and work through issues to resolve outstanding balances
• Complete special projects as required, collaborating with cross-functional teams

• Bachelor's Degree with 3 years or more Healthcare Billing experience or Associates Degree with 5 years or more Healthcare Billing experience or High School Diploma or GED equivalent with 7 years Healthcare Billing experience
• 3 years or more of experience with healthcare billing analysis or healthcare billing reporting

• 5 years Analyst healthcare billing Analyst
• 5 years Credit or Accounts Receivable
• 3 years Medical Diagnostic Laboratory industry

• Collaborates across diverse teams at various organization levels
• Strong written and verbal communication
• Discusses root cause analysis and provide possible resolution for issues
• Handles highly confidential information with professionalism
• Innovates and implements strategic initiatives independently, with minimal direction from management
• Knowledgeable in all areas of Revenue Cycle Management (Billing) and Accounts Receivable processes
• Strong organization, follow-up, and time management skills
• Thrives in fast-paced environments with the ability to manage multiple high-impact initiatives
• Ability to effectively communicate with colleagues and clients across diverse geographic locations through virtual communication means