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Healthcare Risk Management Jobs in Newark, NJ (NOW HIRING)

American Express

Directors, Risk Management

Manhattan, NY · On-site

$195K - $215K/yr

American Express Company seeks Directors, Risk Management to drive credit line underwriting, as ... This means caring for you and your loved ones' physical, financial, and mental health, as well as ...

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Healthcare Risk Management information

See Newark, NJ salary details

$53.9K

$116.7K

$177.8K

How much do healthcare risk management jobs pay per year?

As of Aug 21, 2026, the average yearly pay for healthcare risk management in Newark, NJ is $116,657.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,100.00 and $134,900.00 per year, depending on experience, location, and employer.

What is healthcare risk management?

Healthcare risk management refers to the process of identifying, assessing, and minimizing risks to patients, staff, and organizations within the healthcare sector. It involves implementing policies and procedures to prevent harm, ensure patient safety, and reduce legal liability. Risk managers work closely with clinical staff, administrators, and legal teams to address issues like patient safety, compliance, and incident reporting. Their goal is to create a safer healthcare environment while protecting the organization's assets and reputation.

What are healthcare risk management jobs?

Healthcare risk management jobs include working as a risk management analyst, specialist, or manager. Each job has specific duties, but your overall goal is to identify risk in potential clients or pools of clients, assess whether healthcare staff and programs are in compliance with all government regulations, and provide analysis of business decisions or changes in public health and insurance policy. As a healthcare risk manager, you have increased supervisory responsibilities and take a leadership role in coordinating and implementing risk management strategies.

What are the key skills and qualifications needed to thrive in healthcare risk management, and why are they important?

To excel in Healthcare Risk Management, you need a solid background in healthcare regulations, risk assessment, and patient safety, often supported by a degree in healthcare administration or a related field. Familiarity with risk management information systems (RMIS), incident reporting tools, and certifications such as Certified Professional in Healthcare Risk Management (CPHRM) are highly valuable. Strong analytical thinking, attention to detail, and effective communication skills are critical for identifying risks and collaborating with cross-functional teams. These competencies are essential to proactively minimize liability, enhance patient safety, and ensure regulatory compliance in healthcare organizations.

What are the biggest challenges faced by professionals in healthcare risk management roles?

Healthcare risk management professionals often navigate complex regulatory requirements while proactively identifying and mitigating potential risks to patient safety and organizational assets. One common challenge is keeping up with ever-evolving healthcare laws and accreditation standards, which requires continuous learning and adaptability. Additionally, these roles frequently involve collaborating with clinical staff, administrators, and legal teams to develop effective risk prevention strategies, making strong communication and teamwork skills essential. Balancing immediate crisis response with long-term risk reduction initiatives is also a key aspect of the job.

What is the difference between Healthcare Risk Management vs Healthcare Compliance Officer?

AspectHealthcare Risk ManagementHealthcare Compliance Officer
Primary FocusIdentifying, assessing, and mitigating risks to improve patient safety and reduce liabilityEnsuring adherence to laws, regulations, and policies to maintain legal and ethical standards
CertificationsCPHRM, ARM, or similar risk management credentialsCHC, CHPC, or compliance-specific certifications
Work EnvironmentHospitals, clinics, insurance companies, healthcare organizationsHospitals, healthcare systems, regulatory agencies
Key ResponsibilitiesRisk assessments, incident investigations, safety protocolsPolicy development, audits, regulatory reporting

While both roles aim to improve healthcare quality and safety, Healthcare Risk Management focuses on proactively reducing risks and liabilities, whereas Healthcare Compliance Officers ensure adherence to legal and regulatory standards. Both roles often collaborate to promote a safe, compliant healthcare environment.

How to become a healthcare risk management professional?

To become a healthcare risk management professional, typically a bachelor's degree in healthcare administration, nursing, or a related field is required, along with experience in healthcare settings. Certification such as the Certified Professional in Healthcare Risk Management (CPHRM) can enhance job prospects and credibility in the field.

Is healthcare risk management a good career?

Healthcare risk management is a growing field focused on identifying and reducing risks in healthcare settings, often requiring knowledge of healthcare regulations, safety protocols, and risk assessment tools. It offers opportunities for advancement, a stable job outlook, and the chance to improve patient safety, making it a viable career choice for those interested in healthcare and risk analysis.

What does a healthcare risk management typically do?

A healthcare risk management professional identifies and assesses potential risks to patient safety, staff, and the organization, developing strategies to prevent or minimize incidents. They analyze data, implement safety protocols, and ensure compliance with regulations to reduce liability and improve healthcare quality.
More about Healthcare Risk Management jobs

What job categories do people searching Healthcare Risk Management jobs in Newark, NJ look for?

The top searched job categories for Healthcare Risk Management jobs in Newark, NJ are:

What cities near Newark, NJ are hiring for Healthcare Risk Management jobs?

Cities near Newark, NJ with the most Healthcare Risk Management job openings:

Healthcare Risk Management jobs near you
Infographic showing various Healthcare Risk Management job openings in Newark, NJ as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 85% Physical, 3% Hybrid, and 12% Remote job distribution, with an average salary of $116,657 per year, or $56.1 per hour.

Medical Professional Liability Risk Manager

Foundation Risk Partners

Edison, NJ • On-site

$100K - $125K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New

Foundation Risk Partners rating

8.5

Company rating: 8.5 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

107th of 311 rated insurance

Job description

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Medical Professional Liability Risk Manager to their Cornell Insurance Services team in the Edison, NJ office.
Job Summary:
The Medical Professional Liability Risk Manager 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.
Essential Functions:
  • Clinical Risk Assessment:
    • 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
  • Trend Analysis:
    • Analyze clinical data to identify trends and patterns of risk within a healthcare provider's practice, allowing for proactive risk mitigation strategies.
  • Risk Mitigation Consulting:
    • Advise clients on clinical best practices, quality improvement initiatives, and risk reduction strategies to minimize potential claims.
  • Claims Review and Analysis:
    • Evaluate clinical aspects of claims, including medical necessity and appropriateness of treatment, to identify areas for improvement and potential cost savings.
  • Underwriting Support:
    • Collaborate with underwriters to assess clinical risk profiles of healthcare providers, informing coverage recommendations and premium calculations.
  • Education and Training:
    • Develop and deliver clinical risk management training programs for healthcare providers, including staff on topics like informed consent, documentation best practices, and patient safety.
  • Regulatory Compliance:
    • Stay updated on relevant healthcare regulations and industry standards to ensure clients are adhering to appropriate clinical risk management practices.

Competencies & Qualifications:
  • Clinical Background:
    • Registered Nurse (RN), Physician Assistant (PA), or other relevant healthcare professional license with significant clinical experience.
  • Risk Management Knowledge:
    • Understanding of risk management principles, including risk identification, assessment, mitigation, and transfer.
  • Analytical Skills:
    • Ability to analyze complex medical data and identify potential risk factors.
  • Communication Skills:
    • Effective communication skills to interact with healthcare providers, underwriters, and clients, explaining complex clinical issues in a clear and concise manner.
  • Problem-Solving Skills:
    • 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.
Education & Experience:
  • 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

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
Disclaimer:
While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.
Equal Employment Opportunity (EEO):
FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.
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!

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