Senior Reimbursement Analyst -REMOTE

Labcorp•Burlington, NC

2d•$62,000 - $85,000•Remote

About The Position

Labcorp is a global leader in laboratory services, providing the insights and answers that help healthcare providers, patients, researchers, pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science, data, technology and laboratory network, we advance diagnostics, accelerate innovation and help address some of the world’s most important health challenges. As we shape the future of healthcare, we are leveraging advanced technologies, intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients. With our global scale and deep expertise, you’ll have the opportunity to do meaningful work, grow your career and make a real impact on people’s health around the world. Together, we’re improving health and improving lives. Labcorp is seeking a REMOTE Senior Reimbursement Analyst to join our team! Work Schedule: Monday – Friday; 8:00am-5:00pm EST The Sr. Reimbursement Analyst is responsible for providing advanced analytical support related to third-party denials, reimbursement issues, and appeals initiatives. This role conducts detailed data analyses, identifies billing and payor trends, and collaborates with Revenue Cycle Operations and the lead Reimbursement Administrator to implement process improvements that maximize revenue and ensure compliance with payor and regulatory guidelines.

Requirements

Bachelor’s degree with 7 years’ healthcare revenue cycle environment experience or Associate degree with 9 years healthcare revenue cycle environment experience or HS diploma or GED with 11 years healthcare revenue cycle environment experience
Proven analytical and critical thinking skills.
Excellent communication and presentation skills.
Ability to work independently and collaboratively in a fast-paced environment.

Nice To Haves

5 or more years experience with payor contracts, medical terminology, commercial and government health insurance, billing guidelines, and appeals processes.
3 or more years experience with SAS, Crystal Reports, Business Objects, or similar platforms
5 or more years Microsoft Excel.

Responsibilities

Analyze third-party denial trends and reimbursement issues to identify root causes and recommend corrective actions.
Lead and support appeals initiatives, collaborating with Reimbursement Administrator, including identifying appeal opportunities, tracking outcomes, and collaborating with internal and external teams to improve success rates.
Conduct detailed analyses of data related to existing or proposed revenue cycle projects, including payor performance and denial resolution.
Develop and present findings through graphs, charts, written summaries, and presentations for leadership review.
Collaborate with Revenue Cycle Operations to identify areas for improvement and support the implementation of strategic projects.
Assist in the development and documentation of Standard Operating Procedures (SOPs) for denial management and appeals processes.
Manage the implementation of process improvements across the revenue cycle, ensuring alignment with organizational goals.
Provide timely and accurate updates to management on outstanding denial and appeal trends using defined systems and tracking mechanisms.
Ensure timely follow-up on unresolved issues to minimize business risks and revenue loss.
Stay current with payor guidelines, regulatory changes, and industry best practices related to reimbursement and appeals.
Perform other duties as assigned.