Labcorp · 5 hours ago
Executive Director, Revenue Cycle Management Finance (Hybrid)
Burlington, NC
Full-time
Hybrid
Director/Executive
10+ years expLabcorp is a company dedicated to accelerating healthcare breakthroughs and improving care delivery. They are seeking an Executive Director for Revenue Cycle Management Finance to support financial health and operational efficiency, serving as a strategic liaison between Finance and RCM operations.
BiotechnologyHealth CareHospitalLife ScienceMedicalPrecision Medicine
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
Subsidiary Finance support (non-lcbs Trade AR account balancing and GL for subsidiary locations)
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. Including quarterly and annual audits
Maintain and enhance SOX controls related to RCM financial processes
Partner with Corporate Accounting and External Auditors to validate assumptions and ensure compliance with GAAP and SOX
Evaluation of LCBS revenue adjustments impacting PPA (SOX control); research and document
Analysis of Payer Recoupment activity to recommend recoup reserve %
Determine appropriate refund reserve balance based on activity
Analysis of multiple revenue and AR accruals and generation of entries
Approval of system adjustments and payer refunds
Lead reserve analyses for bad debt, contractual allowances, and other RCM-related accruals
Lead reserve position analysis for the company, including monthly true-ups, sensitivity modeling, and executive reporting
Ensure accuracy and transparency in financial statements and operational metrics
Partner with Corporate Accounting/Controllership to align on policies, SOX/internal controls, and external audit support
Establish and continuously improve close calendars, and controls, ensuring audit readiness and a consistent global approach across entities and service lines
Cash liquidation analysis
Drive continuous improvement in reconciliation and close processes
Collaborate with cross-functional teams to ensure compliance with accounting standards and regulatory requirements
Support policy development and implementation for financial controls and reporting
Qualification
Required
Bachelor's degree with 10+ years of relevant financial management experience (accounting, financial modeling, analysis and reporting, forecasting and budgeting experience), with a large global company within a service industry
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 Financials
Preferred
CPA and MBA
Prior experience with ownership and management of SOX controls
Prior experience influencing and communicating with leadership of a global company
Benefits
Medical
Dental
Vision
Life
STD/LTD
401(k)
Paid Time Off (PTO) or Flexible Time Off (FTO)
Tuition Reimbursement
Employee Stock Purchase Plan
Company
Labcorp
Labcorp specializes in providing physicians with laboratory tests.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$2.85B2024-09-16Post Ipo Debt· $2B
2019-06-04Post Ipo Debt· $850M
1988-07-15IPO
Leadership Team
Adam Schechter
President and Chief Executive Officer
Bill Haas
SVP, Northeastern US and Canada, Labcorp Diagnostics
Recent News
2026-01-14
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