Enters annual budget in Hyperion and works with the Administrative Director to reach department goals; Works with Administrative Director to coordinate and collate department(s) annual capital, payroll, and non-payroll budget projection; Prepares appropriate justification and/or ROIs for new program or replacement item funding; Reviews monthly expense reports and variance reports and devises strategies for minimizing expense variances by taking corrective action to resolve unfavorable budget variances; Develops and maintains updated database of cost/test for all tests performed in the laboratory section; Reconciles monthly financial reports with monthly workload volume reports to ensure appropriate billing; Manages inventory through reagent utilization analysis; Collaborates with management to establish competitive pricing for business development by reviewing competitor pricing and recommending adjustments as needed; Plans overall staffing levels and schedules within approved budget; Controls and oversees purchasing of supplies for the section; Assures patient charges are processed accurately. Works with the Division’s Quality Assurance manager in functioning as liaison to accrediting/regulatory agencies in preparation for inspections, site visits, documentation of compliance, deficiency corrections, status changes and licensing renewals; Maintains an updated database related to Federal, State, and local government agencies and professional accrediting agencies’ regulatory requirements impacting lab operations including: AABB, CMS (Center for Medicare/Medicaid Services), DOH (Appropriate state Dept.