What are the responsibilities and job description for the Billing Analyst I position at Labcorp?
Labcorp is a leading global life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. Through our unparalleled diagnostics and drug development capabilities, we provide insights and accelerate innovations to improve health and improve lives. With more than 70,000 employees, we serve clients in more than 100 countries.
Our Revenue Cycle Management (RCM) team is growing and we want to appoint a Billing Analyst.
The RCM Billing Analyst will lead in group discussions, foster a positive team environment, and present feedback to management, but not limited to the following:
Serve as the billing expert when working collaboratively with operational contacts and Project Managers to ensure all transactions are appropriate and no transactions have been omitted.
Possess superior knowledge of billing process in order to submit monthly client invoices with accurate financial information, relevant backup documentation, and in a timely manner.
Support external customer relationship by identifying, maintaining, and applying client-specific billing requirements to invoices and troubleshooting complex billing issues.
Create and maintain billing and invoicing metric reporting.
Ability to thoroughly evaluate contract terms and ensure information is appropriately reflected in financial system.
Input accurate financial information into the financial system regarding the revenue, payment, or other pertinent invoicing information per the contract.
Identify and document appropriate credits and rebills, obtain approval or clarification on next steps from designated party, and perform credits and rebills in the financial system.
Actively make recommendations to management on ways to standardize, simplify, and improve processes across Business Units by continually growing knowledge base of operational revenue streams and functional areas related to billing.
Maintain a high level of client confidentiality.
Education / Qualifications
Bachelor’s Degree in Finance, Business, Accounting, or related field
Experience
3 years business experience within Finance, Business, Accounting, or related field
Other required work-related experiences:
Proficient in Excel and Word (intermediate level)
Experience with PeopleSoft or another large ERP
Exemplary multi-tasking ability
Strong attention to detail and ability to be persistent while maintaining tact
Ability to work in high volume, fast paced team setting to meet deadlines
Strong verbal and written communication skills
Why us:
Labcorp supported the pharmaceutical industry develop more medicines worldwide than any other company, including the top 50 best-selling drugs on the market today.
We are also the world´s biggest Central Lab, generating more clinical trial data than all other central laboratories combined.
Our Early Phase Solutions have proved to shave off 30 % time from lead candidate to Proof of Concept. LabCorp/Covance were the first in receiving FDA approval to perform COVID19 tests using an at-home collection kit.
Labcorp have been named by Forbes as one of the World's Best Employers 2020.
Join us and see why we are uniquely positioned to offer you not only a job, but a stable, long-term international career, and why more than 90% of the top 20 global pharmaceutical companies are repeat customers.
Labcorp is proud to be an Equal Opportunity Employer:
As an EOE/AA employer, the organization will not discriminate in its employment practices due to an applicant's race, age, color, religion, sex, national origin, sexual orientation, gender identity, disability or veteran status.
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