Executive Director in Revenue Cycle Management at Labcorp, focusing on financial health and operational efficiency in healthcare.
Responsibilities
Manage an annual operating budget for the RCM division, ensuring cost efficiency and alignment with corporate financial objectives.
Oversee workforce planning and vendor management for a global team of onshore and offshore resources.
Implement cost optimization strategies, including automation, process improvement, and vendor performance management.
Provide budget forecasts & variance analysis.
Partner with RCM operational areas to perform financial analyses, what-if scenarios, and support to improve cost optimalization.
Oversee General Ledger (GL) and Accounts Receivable (AR) accounting processes related to RCM.
Ensure timely and accurate month-end revenue close, including journal entries and reconciliations.
Serve as the primary liaison for internal and external audits, ensuring documentation and responses are complete and timely.
Maintain and enhance SOX controls related to RCM financial processes.
Lead reserve analyses for bad debt, contractual allowances, and other RCM-related accruals.
Ensure accuracy and transparency in financial statements and operational metrics.
Establish and continuously improve close calendars, and controls, ensuring audit readiness and a consistent global approach across entities and service lines.
Drive continuous improvement in reconciliation and close processes.
Requirements
Bachelor’s degree with 10+ years of relevant financial management experience preferred (accounting, financial modeling, analysis and reporting, forecasting and budgeting experience), with a large global company within a service industry.
CPA and MBA Preferred
Prior experience with ownership and management of SOX controls strongly preferred
Prior experience influencing and communicating with leadership of a global company strongly preferred.
Ability to team effectively with executive leadership, finance leadership and operational leadership.
Willingness to "roll up the sleeves" in terms of problem solving and improvement actions.
Experience with process efficiencies and lean organizations.
Fully conversant in financial statements, accounting theory and practice.
Highly competent in Microsoft Office, particularly Microsoft Excel and PowerPoint.
Experience with high end financial reporting systems such as PeopleSoft.
Benefits
Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.
Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only.
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.
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