CJ Wolf
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Love is in the air! Of course, you might be celebrating with a special someone, but we thought it would be fun to share some things we love about compliance and the compliance profession. These are things we think you will, or already do, love about compliance.
Variety
Most compliance professionals don’t experience the same day at work two days in a row. The issues that arise, the work, and the people you meet with change from day to day. This variety makes a career in compliance interesting. There are some repetitive things in every job, but most compliance professionals have an opportunity to regularly sink their teeth into something new.
Collaboration
Successful compliance work requires collaboration across many different departments and areas of expertise. It is rare for a compliance department to have internal staff with expertise in every possible compliance topic or issue. As such, compliance professionals collaborate with others frequently and build strong cross-functional relationships. These relationships with clinicians, administrators, legal experts, and other compliance professionals make for a very rich and rewarding work environment. One that we definitely love!
Job Security
Job security is on our list of things we love about compliance, though it might not be true for everyone. Qualified and experienced compliance professionals are wanted and needed in many parts of the country. And unfortunately (or maybe fortunately for job seekers), human nature does not seem to be changing anytime soon. Mistakes happen and, yes, even outright fraud will continue. This means the compliance profession will likely be around for a long time.
In addition, the field of compliance appears to still be maturing and expanding in many sectors of healthcare. According to one news source, the projected employment growth rate for compliance officers between 2021 and 2031 is 4.3%. It’s estimated that over 15,000 jobs could open up during that time.
Mission Critical
Mission-driven organizations focused on health and well-being need healthcare compliance. Working in compliance for an organization with a mission to better people’s health is personally meaningful to most compliance professionals. They understand the organization cannot meet its greater mission if it is entangled with legal or reputational battles stemming from non-compliance. And many people find personal and professional satisfaction in their organizations’ missions.
Professional Development
A compliance career offers a wealth of opportunities to learn and grow. For example, someone working in healthcare billing compliance might find it interesting to learn or participate in their teammates’ work on HIPAA privacy and security. If that individual continues to broaden their subject matter expertise and work experience, they could advance to a director or compliance officer position. There are so many areas of compliance that encourage growth and career advancement. Some of these include:
- Healthcare research compliance
- Conflict of interest compliance
- Training and education
- Financial relationship compliance (e.g., Stark and Anti-Kickback)
- HIPAA privacy and security
- Anti-trust compliance
- Medical coding and billing
- Clinical compliance (such as opioid compliance and patient safety and quality of care)
Increased Remote Work Opportunities
Like many industries, healthcare compliance teams are discovering more opportunities to work remotely, if only part-time. Though there is significant value in being on-site and developing crucial relationships, some compliance duties can be done remotely, and this is very appealing to many in the compliance profession. Remote work can lead to less time commuting and more time for personal activities that enhance your personal hobbies and work-life balance.
Conclusion
There are many things to love about compliance. These are just a few off the top of our heads.
What did we leave off the list? What do you love most about compliance and your compliance career?
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Questions or Comments?