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Job Summary:
We are seeking a highly organized and detail-oriented Revenue and Billing Specialist that handles intercompany transfers to join our team. The ideal candidate will play a pivotal role in ensuring the seamless transfer of third-party funds between our business units. This position requires a keen understanding of financial data, the ability to interpret Explanation of Benefits (EOBs) and 835 files, and excellent communication skills. The successful candidate will maintain accurate records, prioritize tasks effectively, and provide detailed reporting.
Key Responsibilities:
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Transfer of Funds: Oversee the timely and accurate transfer of third-party payments to intercompany businesses, including client and subsidiaries, ensuring all transactions are correctly processed and recorded.
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Data Interpretation: Review and analyze Explanation of Benefits (EOB) statements and 835 files to ensure accurate fund allocation and reconciliation.
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Prioritization & Time Management: Efficiently manage a high volume of tasks, ensuring that all funds are transferred according to deadlines and without errors.
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Reporting: Regularly update and maintain detailed and accurate financial reports, tracking funds transferred and any discrepancies, and sharing insights with key stakeholders.
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Communication: Collaborate with internal and external teams to clarify any discrepancies, provide updates, and answer inquiries related to fund transfers.
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Compliance: Ensure that all transfers and reporting adhere to company policies, industry standards, and regulatory guidelines.
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Continuous Improvement: Suggest and implement process improvements to streamline fund transfers and reporting, minimizing errors and improving efficiency.
Required Skills and Qualifications:
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High School diploma or equivalent required
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Minimum 2+ years prior medical/healthcare billing experience required
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Previous insurance/claims/EOB/cash posting/remittance and client collections work experience
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Proficient with Microsoft Excel
Preferred Qualifications:
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Knowledge of LCBS system preferred
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Outstanding written and verbal communication skills. Candidate should be able to ascertain needs and deliver oral and written communication at an appropriate level of detail.
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Strong problem-solving skills. Candidate should be able to assess the needs and create deliverables that address the situation.
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Ability to manage time and tasks independently; Excellent multitasking abilities required
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Outstanding organizational skills; ability to function in a complex environment
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Strong flexibility and the ability to manage and adapt to changing priorities quickly
Why should I become an Accounts Receivable Specialist at Labcorp?
· Generous Paid Time off!
· Medical, Vision and Dental Insurance Options!
· Flexible Spending Accounts!
· 401k and Employee Stock Purchase Plans!
· No Charge Lab Testing!
· Fitness Reimbursement Program!
· And many more incentives!
Application Window closes: 2/17/2025
Shift: Monday-Friday 8am-5pm (EST)
Pay Range: $15.35 Hour - $17.00 Hour (State minimum wages apply if higher)
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.
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. Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only. For more detailed information, please click here.
Labcorp is proud to be an Equal Opportunity Employer:
As an EOE/AA employer, Labcorp strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.
We encourage all to apply
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What We Do
We believe in harnessing science for human good. And so we work day and night, around the world, to deliver answers for all your health questions—whether you’re a provider, drug developer, hospital, medical researcher or patient. That means everything from advancing diagnostic testing to helping launch new drugs, to offering new perspectives through data - all drawing from a deep well of scientific expertise. So when you need trusted information to make clear, confident health decisions, consider us your source.
