Clinical Risk Management Manager at Foundation Risk Partners in Edison, New Jersey, United States

Job description

• Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Clinical Risk Management Consultant to their Cornell Insurance Services team in the Edison, NJ office.
• The Clinical Risk Management Consultant is focused on identifying, assessing, and mitigating clinical risks for healthcare providers within an insurance brokerage firm, utilizing their medical expertise to analyze potential claims, advise clients on risk reduction strategies, and work with underwriters to secure appropriate coverage based on clinical risk factors.

Responsibilities

• Review medical records, incident reports, and claims data to identify potential clinical risks associated with patient care, including medication errors, standard of care compliance risks, and diagnostic errors.
• Detect and manage risk exposure
• Maintain and update an organization's policies
• Improve documentation practices
• Seek ways to reduce the legal exposure of the organization
• Create and maintain risk audit databases
• Identify for clients’ ways to take the steps needed to prevent data breaches
• Investigate any events that result in death or injuries
• Analyze clinical data to identify trends and patterns of risk within a healthcare provider's practice, allowing for proactive risk mitigation strategies.
• Advise clients on clinical best practices, quality improvement initiatives, and risk reduction strategies to minimize potential claims.
• Evaluate clinical aspects of claims, including medical necessity and appropriateness of treatment, to identify areas for improvement and potential cost savings.
• Collaborate with underwriters to assess clinical risk profiles of healthcare providers, informing coverage recommendations and premium calculations.
• Develop and deliver clinical risk management training programs for healthcare providers, including staff on topics like informed consent, documentation best practices, and patient safety.
• Stay updated on relevant healthcare regulations and industry standards to ensure clients are adhering to appropriate clinical risk management practices.

Requirements

• Registered Nurse (RN), Physician Assistant (PA), or other relevant healthcare professional license with significant clinical experience.
• Understanding of risk management principles, including risk identification, assessment, mitigation, and transfer.
• Ability to analyze complex medical data and identify potential risk factors.
• Effective communication skills to interact with healthcare providers, underwriters, and clients, explaining complex clinical issues in a clear and concise manner.
• Ability to identify root causes of clinical incidents and develop practical solutions to mitigate risk.
• Note: The specific responsibilities of an insurance broker clinical risk management role may vary depending on the size and focus of the brokerage firm, as well as the healthcare provider clientele they serve.
• Bachelor’s degree in Nursing, or other health related science
• Master's preferred
• 3-5 years Risk Management experience preferred
• Skilled Nursing Facility experience preferred in the geriatric field
• RN, NP or P.A. or allied health professional licensure
• CPHRM preferred

Skills

Required

• Clinical background
• Risk management knowledge
• Analytical skills
• Communication skills
• Problem-solving skills

Preferred

• CPHRM preferred

Benefits

• FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!
• This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience. The range listed is just one component of FRP's total compensation package for employees.
• Pay Transparency Range
• $100,000 - $125,000 USD