The Healthcare Financial Management Association, otherwise known as the HFMA, is the premier membership organization for individuals in the roles of healthcare financial management leaders and executives. With over 35,000 members as of 2009, the HFMA is considered to be the leading authority on any issues and problems facing the healthcare industry at any given time. With a branch in the UK and national, regional, and chapter branches in America, it is a respected authority on healthcare and has been since its foundation in 1946.
As you can see, the HFMA is effectively a representation service that provides chief financial officers, accountants, and controllers with a range of services via a defined purpose statement: “To define, realize, and advance the financial management of healthcare by helping members and others improve the business performance of organizations operating in or serving the healthcare field.” As such, it is specifically designed to help those involved in the financial side of the health industry to do their jobs to the highest standard possible and improve their abilities.
The HFMA looks after members in every single area of healthcare, from hospitals to physician practices to insurance companies, so their members are experienced in a diverse range of areas. This is, in fact, why the Healthcare Financial Management Association is so important. The range of services is suitable for everyone in the profession and can help to improve standards across the board. Whether an individual is looking for a little further education, seeking accurate representation, improvements in best practices, or maintaining the financial health of their organization, the HFMA can help. They value quality and help their members to deliver the same. As such, the health industry is a better place as a result of their practices and the products and services they provide.