Now Hiring - Director of Compliance - Business Development in Burlington, NC

The newly created position of Director of Compliance for Business Development will work within Labcorp supporting and providing compliance partnership for newly developed business opportunities. They will engage cross-functional teams and support and evaluate company business goals. The qualified applicant must have experience with Revenue Cycle Management policies, regulations, and standards to ensure compliance.

RESPONSIBLITIES

• The position serves as the RCM Compliance point of contact for new and different business strategies for Labcorp
• Extensive knowledge in all aspects of Laboratory Revenue Cycle Management, work strategically, proactively, and collaboratively to align desired acquisition structure to systems capabilities, policies and compliance to identify/mitigate risk and ensure positive outcomes
• Engage in diligence process for target acquisitions including evaluation of billing processes for compliance, policy, HIPAA standards and regulatory requirements
• Provides counseling and support to Labcorp Strategic Development, Mergers & Acquisitions (M&A), Divisional, Functional and RCM Leadership
• Provide RCM Compliance advisory services for mergers and acquisitions (M&A), strategic business models and new products, target groups or test launches
• Serve as the Subject Matter Expert (SME) in revenue cycle management policy and compliance during potential acquisition diligence or strategic business model design
• Ensures that appropriate and consistent billing and reimbursement policies and procedures are considered and evaluated during diligence
• Support and influence potential acquisition structure based on laboratory billing compliance, HIPAA standards and payer policies
• Provide guidance related to acquisition structure, integration, and branding
• Ensures compliance with regulations, laboratory billing and collections policies in order to facilitate attainment of business goals for acquired and organic growth
• Work with RCM Business Leaders and other Divisional and Functional leaders to establish credibility and build problem-solving partnerships
• Represent RCM on the Laboratory Advisory Counsel, participate on weekly calls with Senior Executives, alerting of risk or business considerations impacted by Policy, Compliance, and Laboratory Enrollment
• Monitor payor websites and bulletins to stay abreast of policy changes that relate to billing and collections.
• Stays abreast of and complies with all state and federal laws including HIPAA

REQUIREMENTS

• Expert knowledge and understanding of laboratory revenue cycle processes, NPI enumeration, HIPAA standards, policy and compliance for multiple brands/entities.
• Extensive knowledge and direct experience with diagnostic laboratory of billing for multiple entity/TINs, HIPAA standards, reference lab and policy related billing requirements (NCCI, TC/PC and OPDOS).
• Excellent understanding of Federal, State, and local compliance standards for diagnostic clinical laboratory
• Knowledge of financial principles and relevant federal and state laboratory billing, collections and documentation guidelines
• Ability to build collaborative relationships with stakeholders and diverse, cross-functional teams/organizations
• This position will apply strong planning, organizational and analytical skills, with the ability to operate in both strategic and tactical environments, accommodating a variety of potential acquisition structures
• Ability to deliver high-quality time-sensitive complex projects in a structured, disciplined and cross-functional manner
• High degree of self-imposed accountability and integrity
• High energy leader, detail-oriented and results-driven self-starter with the ability to work under pressure in a fast-paced environment, navigating through ambiguity while balancing multiple priorities
• Excellent written and verbal communication and presentation skills
  Comfortable and effective in both executive and operations settings
• Sound business judgment and creative problem-solver

EDUCATION

• Bachelor's degree required and Master's Degree Preferred, Nursing, Political Science, CPC beneficial

Pay Range: $95,000 - $125,000 annual salary

Benefits: 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. Regular, full-time or part-time employees working 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(K), ESPP, Paid time off (PTO) or Flexible time off (FTO), Commissions, and Company bonus where applicable. 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. We encourage all to apply.

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