Analyst, Compliance Business Partner

Option Care Health•Bannockburn, IL

5d•$70,219 - $117,008•Onsite

About The Position

As part of the Option Care Health Compliance team, the Analyst, Compliance Business Partner supports the Company's proactive, business-focused compliance program by partnering with business stakeholders to identify, assess, and address compliance risks and requirements. This role supports the Compliance Business Partner team in delivering practical compliance guidance, facilitating compliance program initiatives, conducting risk assessment and monitoring activities, responding to business inquiries, and assisting with implementation of regulatory and policy requirements across the organization. This role reports to the Vice President, Compliance Business Partner and works collaboratively with Operations, Sales, Clinical, Revenue Cycle, and other business functions to help integrate compliance considerations into business processes and support responsible business growth. The Analyst is responsible for supporting compliance training and communications, compliance reviews, investigations, remediation activities, governance reporting, and other initiatives designed to promote compliance with applicable laws, regulations, company policies, and ethical standards.

Requirements

Bachelor's degree Minimum of 2 years of experience in healthcare compliance, healthcare operations, legal/regulatory affairs, risk management, auditing, pharmacy, nursing, revenue cycle, or a related healthcare function. -OR- High School Diploma/GED Minimum of 4 years of experience in healthcare compliance, healthcare operations, legal/regulatory affairs, risk management, auditing, pharmacy, nursing, revenue cycle, or a related healthcare function.
Knowledge of healthcare laws, regulations, and industry guidance, including Anti-Kickback Statute, Stark Law, HIPAA, Medicare and Medicaid requirements, and applicable OIG guidance.
Experience researching, analyzing, and interpreting regulatory requirements, policies, procedures, and business practices to identify compliance risks and considerations.
Strong analytical, organizational, and project management skills with the ability to manage multiple priorities and meet deadlines.
Strong written and verbal communication skills and the ability to communicate compliance concepts clearly and professionally.
Demonstrated ability to build collaborative working relationships across multiple functions and levels of the organization.
Ability to exercise sound judgment, work independently, and appropriately escalate issues requiring additional review or guidance.
Experience participating in risk assessments, compliance reviews, investigations, audits, corrective action activities, or similar compliance initiatives.

Nice To Haves

Experience in healthcare compliance, specialty pharmacy, infusion services, nursing, revenue cycle, pharmaceutical, medical device, or other regulated healthcare environments.
Experience supporting compliance programs, training initiatives, policy management, monitoring activities, investigations, or remediation efforts.
Certification in Healthcare Compliance (CHC) or willingness to pursue certification.

Responsibilities

Support the Compliance Business Partner in proactively identifying, assessing, and addressing compliance risks within assigned business areas and escalate emerging concerns appropriately.
Identify emerging compliance trends, issues, and business risks and escalate significant concerns to Compliance leadership as appropriate.
Own defined compliance projects and workstreams from initiation through completion, including developing workplans, coordinating stakeholders, tracking deliverables, and escalating issues that may affect timely completion.
Drive timely responses to routine compliance questions and business requests, providing practical, risk-based guidance within established parameters and escalating matters requiring additional expertise or judgment.
Research applicable laws, regulations, regulatory guidance, and industry developments and summarize relevant implications for assigned business areas and topics for review by Compliance leadership.
Monitor regulatory and industry developments and support implementation activities needed to address new or changing compliance requirements.
Develop, update, coordinate, and deliver routine compliance training and communications tailored to specific business audiences, and support tracking and follow-up of training requirements.
Support compliance risk assessments by gathering and analyzing relevant business information, identifying potential risks and control gaps, and compiling materials and findings for review.
Track compliance issues, corrective actions, and remediation commitments through resolution, coordinating with business owners to promote timely completion and escalating overdue or unresolved matters
Support compliance reviews, investigations, and corrective action activities by gathering information, coordinating stakeholders, documenting findings, and tracking remediation efforts.
Collaborate with Operations, Sales, Clinical, and other functions on compliance-related initiatives and help integrate compliance considerations into business processes and projects.
Support compliance review of new business initiatives, process changes, and operational projects by identifying potential compliance considerations and escalating issues as appropriate.
Develop and maintain effective working relationships with business stakeholders to support proactive compliance engagement and problem-solving
Support the implementation and ongoing maintenance of Compliance program initiatives within assigned business areas, including facilitating adoption of policies, procedures, controls, and risk mitigation activities.
Support the Compliance Operations team with updating and maintaining compliance policies, procedures, guidance, resources, and business-facing materials.
Identify opportunities to improve the efficiency, consistency, and effectiveness of Compliance processes and tools.
Prepare reports, presentations, summaries, and other materials supporting compliance governance, risk oversight, and leadership communications.
Respond to day-to-day questions from business teams and direct them to the appropriate resources.