Hybrid Executive Director, Revenue Cycle Management, Finance

at Labcorp

• Job title: Executive Director, Revenue Cycle Management, Finance
• Job type: Full Time
• Experience level: Lead
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Burlington, United States

About the role

• 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.