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Compliance officer hat could take you far
If you are a risk manager who also serves as the compliance officer, that second title could be your ticket to advancement within the organization, says Roy Snell, CHC, CCEP, CEO of the Health Care Compliance Association (HCCA) in Minneapolis and a former Mayo Clinic administrator, consultant, and compliance officer.
Snell says health care compliance officers will continue to grow in stature within health care organizations, because the government is increasing oversight and regulation in the industry. Compliance officers will report to higher levels in the health care organization in the near future, he says.
"There will be higher paying jobs and more opportunities to learn and improve your skills," he says. "Compliance officers will become more effective at their jobs. It will be easier, because you have more authority; but it will be harder, because you're going to get more responsibility."
Other functions may be rolled into the compliance job description, such as safety and quality of care.
"Instead of the compliance functions being spread out across the organization, they will be consolidated, and that will make a stronger group of people who will be more effective," Snell says.
On the other hand, there is a risk that the compliance position will become diluted by the addition of other functions, Snell says.
"If the organization adds a lot of non-compliance related risk to the role, such as audit functions that are not for problems that the company could be causing others but are for the risks that others could be causing the company, the compliance function could be compromised," he says.