Fractional Chief Compliance Officer

Job Title: Fractional Chief Compliance Officer (Healthcare Industry)

Position Type: Independent Contractor (1099)

Hours: Up to 40 hours per month

Compensation: $75-$100 per hour

Location: Remote 

About Fraxional: Fraxional is a full-service firm specializing in fractional compliance and HR placements. We focus on delivering high-quality, flexible solutions tailored to the unique needs of each client. Fraxional provides centralized support and resources for our fractional Chief Compliance Officers, as well as a community of compliance professionals. 

Position Overview: We are seeking a seasoned Chief Compliance Officer (CCO) to provide strategic oversight and guidance on compliance matters within the healthcare industry. This fractional role offers the flexibility of up to 40 hours per month, allowing for a balanced workload while delivering expert compliance leadership to Fraxional’s clients. 

Key Responsibilities:

Responsibilities vary by client need, but may include the following: 

• Compliance Program Development: Design, implement, and maintain comprehensive compliance programs that align with federal and state healthcare regulations, including HIPAA, Stark Law, Anti-Kickback Statute, and fraud and abuse laws.
• Risk Assessment: Conduct regular risk assessments to identify potential compliance vulnerabilities and develop strategies to mitigate identified risks.
• Policy and Procedure Oversight: Develop, review, and update organizational policies and procedures to ensure adherence to current healthcare laws and best practices.
• Training and Education: Provide ongoing training and education to staff on compliance-related topics, fostering a culture of compliance throughout the organization.
• Audit and Monitoring: Oversee internal audits and monitoring activities to assess the effectiveness of compliance programs and ensure continuous improvement.
• Reporting and Documentation: Prepare and present regular compliance reports to senior management and, when applicable, to the Board of Directors.
• Regulatory Liaison: Serve as the primary point of contact for regulatory agencies, ensuring timely and accurate responses to inquiries and maintaining positive relationships.

Qualifications:

• Education: Bachelor’s or Master’s degree in Healthcare Administration, Law, Business Administration, or a related field, or equivalent years of work experience.
• Certifications: Preferred certifications such as Certified in Healthcare Compliance (CHC), Certified in Healthcare Privacy Compliance (CHPC), or Certified in Healthcare Research Compliance (CHRC).
• Experience: Minimum of 8 years in healthcare compliance roles, with at least 3 years in a leadership capacity. Experience in startups or digital health companies is strongly preferred.
• Knowledge: In-depth understanding of healthcare laws and regulations, including HIPAA, Stark Law, Anti-Kickback Statute, and fraud and abuse laws.
• Skills:
  • Strong analytical and critical thinking abilities.
  • Excellent verbal and written communication skills.
  • Excellent customer service skills. 
  • Ability to work independently and make decisions under pressure.
  • Proven conflict resolution and problem-solving skills.
  • High ethical standards and integrity.

Compensation and Schedule:

• Hourly Rate: $75-$100 per hour
• Schedule: Flexible, up to 40 hours per month. Final schedule depends on each customer’s needs, though the majority of work can be completed asynchronously. 

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