Risk Specialist

Owensboro Health•Owensboro, KY

1d•Onsite

About The Position

Supports the organization’s risk management, patient safety, insurance, and claims administration programs through data analysis, financial oversight, and operational coordination. This position collaborates with internal departments, insurance carriers, third-party administrators, and legal counsel to support claims management, regulatory reporting, budgeting, actuarial reviews, and risk financing initiatives. The specialist develops reports, dashboards, and trend analyses that inform strategic decision-making and promote a culture of safety and accountability.

Requirements

Requires critical thinking skills and decisive judgment.
Ability to exercise sound judgment and manage multiple priorities in a fast-paced environment.
Strong financial acumen with the ability to interpret data, support budgeting activities, and contribute to insurance and risk financing initiatives.
Advanced proficiency in Microsoft Office Suite.
Excellent written, verbal, and interpersonal communication skills.
Ability to work independently with minimal supervision while effectively collaborating across departments.
Ability to perform effectively under pressure and respond appropriately to urgent or complex situations.
A minimum of 2 years' relevant experience as determined by the organization preferred.
Bachelor’s degree or higher in related field required upon hire

Responsibilities

Supports the daily operations of the Risk Management Department, including administration of settlement agreements, processing check requests, and coordinating contract review and approval activities.
Assists with insurance program administration, including completion of insurance applications, preparation of supporting documentation, and certificate of insurance (COI) management and distribution to organizational leadership.
Works with Third Party Administrator (TPA) on events, claim submissions, documentation.
Performs advanced data management and analysis utilizing Microsoft Office applications, with a strong emphasis on Microsoft Excel, including pivot tables, trend analysis, dashboards, and data visualization.
Collaborates with Patient Financial Services and Revenue Cycle departments to understand billing processes and facilitate appropriate risk management-related billing adjustments, refunds, and financial reconciliations.
Assists with departmental financial management activities, including budget preparation, expense monitoring, forecasting, invoice processing, and financial reporting.
Supports the Director of Risk Management with actuarial reviews, insurance renewals, self-insurance program evaluations, and preparation of data for actuarial and underwriting analyses.
Performs data analysis and reporting related to risk management, claims, patient safety, grievances, insurance programs, and organizational performance indicators.
Coordinates employee driver insurance including but not limited to communication, training, collection of documents, and tracking per insurance requirements.
Develops, maintains, and distributes reports from the Risk Event Reporting System, including patient events, employee events, grievances, and patient complaints.
Reviews event reports, identifies trends, and collaborates with operational leaders to ensure timely follow-up and resolution.
Assists with the administration, optimization, testing, and ongoing support of the event reporting system in collaboration with IT and operational stakeholders.
Coordinates the organizational grievance process, including tracking cases, facilitating investigations, scheduling meetings, maintaining documentation, and communicating with patients and families as appropriate.
Maintains Grievance logs, dashboards, and performance metrics to support regulatory compliance and organizational improvement initiatives.
Completes additional assignments as directed by the Director of Risk Management.
Maintains confidentiality of sensitive information and ensures compliance with applicable regulatory, legal, and organizational requirements.