Revenue Recognition Analyst II

About the role

Labcorp is seeking a Revenue Recognition Analyst II to join our team!

Work Schedule

Monday – Friday; 8:30am-5:00pm EST

Responsibilities

• Provide analytical and operational support for Specialty Testing accounts receivable and reimbursement to improve denial operations workflows and processes
• Research denials/claim issues for root cause and provide suggestions for resolution
• Manage internal override inventory for prompt resolution
• Serve as an internal conduit to gather, share, and report information related to specialty billing workflows, system behavior, and claims outcomes
• Research issues to determine impacted scope of claims and coordinate with operations/reporting team to identify and quantify impacts
• Coordinate with operations/reporting team to develop and communicate workflow projects
• Learn and navigate multiple laboratory systems and billing platforms; apply system workflows to billing processes to ensure expected outcomes
• Conduct research, data mining, evaluation, and validation of complex specialty testing datasets to identify trends and support data-driven decision-making
• Manage information requests from cross-functional stakeholders, keeping them informed of reimbursement issues and changes
• Exercise sound judgment in making decisions that have long-term organizational impact
• Build and maintain datasets and databases for routine and ad hoc reporting
• Recommend new or improved workflows for complex billing processes to maximize cash collections
• Contribute to the development, documentation, and implementation of workflow processes (e.g., appeals, prior authorizations, specialty support activities)
• Proactively identify and resolve broad issues affecting specialty testing billing performance
• Collaborate across Revenue Cycle Management functions to drive improvements, enhance effectiveness, and promote best practices
• Apply diverse technical skills to understand laboratory systems, data structures, and workflows across Labcorp and specialty testing environments
• Translate LCLS/LCBS data for use in specialty testing analysis and projects (a plus)
• Support management and peers by taking on additional projects as needed

Qualifications

• Requires a Bachelor's Degree with 5 years or more or AAS with 7 years or more or HS with 9 years or more of advanced experience in Medicare, Medicaid, Managed Care and Commercial Payer revenue cycle (billing, coding, reimbursement, payment variance analysis, denials, appeals, medical necessity determination, and prior authorization).

Pay

Pay Range: $65-80K. All job offers will be based on a candidate's skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data.

Schedule

REMOTE: Applicants who live within 35 miles of either the Burlington, NC or Durham, NC location will follow a hybrid schedule. This schedule includes a minimum of three in office days per week at an assigned location, either Burlington or Durham, supporting both collaboration and flexibility.

Benefits

• Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.
• Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan.
• Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO.