Compliance Specialist in Raleigh, NC for WakeMed Health & Hospitals (2024)

FAQs

What does a compliance specialist do? ›

Compliance specialists, also known as compliance officers, monitor the policies and practices of businesses and organizations to make sure they conform to laws and regulations, as well as to the contracts they have with clients. Typically, compliance officers specialize in a particular type of investigation.

Compliance officers are the linchpin in the complex machinery of healthcare organizations. Their primary role is to ensure that the organization follows all applicable laws and regulations, whether at the federal, state, or local level.

Job Description and Duties

Assists in conducting monthly internal audits across health care disciplines to improve processes and mitigate barriers to achieving compliance. Completes qualitative analyses on a regular basis to monitor the institution's ability to achieve compliance.

California ranks number 4 out of 50 states nationwide for Healthcare Compliance job salaries.

Successful compliance officers are highly valued by their companies. They are often compensated generously with paths to advancement and attractive salary and benefit packages.

What are the most important Regulatory Compliance Analyst job skills to have on my resume? The most common important skills required by employers are Technical, Microsoft Excel, Project Management, MS Office, Documentation, Accuracy and Database.

Compliance Analyst salary in India ranges between ₹ 2.8 Lakhs to ₹ 12.5 Lakhs with an average annual salary of ₹ 6.6 Lakhs. Salary estimates are based on 1.7k latest salaries received from Compliance Analysts.

The estimated total pay for a Compliance Analyst is $88,686 per year in the Us area, with an average salary of $76,646 per year.

The CHC exam is considered by many to be a difficult exam, which can be tackled with an adequate amount of preparation and studying. Even though the exam is difficult, the current pass rate for the CHC exam is approximately 79%.

What degree is best for compliance? ›

As you prepare to become a compliance analyst, consider the following steps: Earn a bachelor's degree in business management, supply chain and operations management, or accounting. Choose an industry in which you would prefer to apply your compliance skills.

There are three main areas of healthcare compliance standards, which include patient safety, patient privacy, and billing of services.

Key Takeaways. A compliance officer is an individual who ensures that a company complies with its outside regulatory and legal requirements as well as internal policies and bylaws. Compliance officers have a duty to their employer to work with management and staff to identify and manage regulatory risk.

On a typical day, they will monitor operational processes and procedures using a compliance management platform to ensure that the company complies with all legal regulations and ethical standards. They will manage the information flow by researching, recording and analysing data and information.

Compliance officer qualifications vary by position and industry. These careers typically require a bachelor's degree, but an associate degree and industry-specific credentials may suffice. A law degree or a master's degree can lead to even more job prospects and higher earnings.

Consider including references for how a compliance program looked at your previous organization, why it was effective and why it's important. Example: "Our compliance program will focus on the current laws and regulations that we need to follow, so a thorough review of that will show where we need to focus.