Healthcare Financial Management Association

The Healthcare Financial Management Association (HFMA) - USA - is a non-profit membership organization for healthcare financial management executives.[1] The organization is based in Westchester, Cook County, Illinois.[2] Founded on September 30, 1946,[3] HFMA serves more than 39,000 members, which include CFOs, controllers, and accountants. HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is the indispensable resource for healthcare finance.[4]

Governance

HFMA’s national officers and Board of Directors, composed of volunteer leaders of the Association, oversee the Association’s governance and management. There are thirteen members of the Board of Directors, one of whom is appointed President, three of whom are elected officers of the HFMA and nine who are elected directors of the HFMA. The HFMA Board of Directors must have at least five HFMA certified members who are in good standing.[5] The roles, powers, and responsibilities of the Board of Directors and the Association’s officers are defined by the Association’s constitution and bylaws.

Peer Review

HFMA has an evaluation process for products and services called The Short List . HFMA Peer Reviewed products and services have been evaluated by users looking to make smart purchasing decisions.

The program consists of a rigorous 11-step, high-level screening process by a peer review panel consisting of current customers, prospects who have not made a purchase, and expert HFMA Peer Review Board members. Peer Review status approval of the product or service and its performance claims are based on a strict set of criteria, including quality, technical support, customer service, and value.

A list of approved products and services can be found on the HFMA Peer Review website.

MAP

HFMA’s MAP gives healthcare finance organization's the revenue cycle tools to Measure performance, Apply evidence-based practices, and Perform to the highest standards—and be recognized for your excellence.

HFMA’s MAP is a comprehensive strategy that establishes the definitive indicators of revenue cycle performance (MAP Keys); offers a web-based tool (MAP App) to track performance throughout the cycle and recommend strategies for improvement; honors excellence through the MAP Awards; and shares lessons of the leaders at the annual MAP Event.

Regions

HFMA has eleven regions.

See also

References

  1. ↑ Becker, Cinda (June 2006). "... and so is the HFMA.(Healthcare Financial Management Association)". Modern Healthcare. Retrieved 2009-03-06.
  2. ↑ Millenson, Michael L (1988-10-04). "Study: Cash Woes Plague Hospitals". Chicago Tribune (Tribune Company). Retrieved 6 March 2009.
  3. ↑ Weinheimer, Christopher F. (1993-10-01). "Advocacy is an extension of education.". Healthcare Financial Management Association. Retrieved 6 March 2009.
  4. ↑ Paterson, Ph.D.,RN, Mary A. (1 March 2014). Healthcare Finance and Financial Management (1st ed.). Lancaster PA: DEStech Publications, Inc. p. 216. ISBN 978-1-60595-062-4. Retrieved 21 January 2015.
  5. ↑ http://www.hfma.org/About-HFMA/HFMA-Governance/HFMA-Governance/

External links

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