Healthcare Financial Management Association
Encyclopedia
The Healthcare Financial Management Association (HFMA) is a non-profit
Non-profit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...

 membership organization for healthcare financial management
Managerial finance
Managerial finance is the branch of finance that concerns itself with the managerial significance of finance techniques. It is focused on assessment rather than technique....

 executives. The organization is based in Westchester
Westchester, Illinois
Westchester is a village in Cook County, Illinois, United States. It is a western suburb of Chicago. The population was 16,824 at the 2000 census. The current Village President is Sam D...

, Cook County
Cook County, Illinois
Cook County is a county in the U.S. state of Illinois, with its county seat in Chicago. It is the second most populous county in the United States after Los Angeles County. The county has 5,194,675 residents, which is 40.5 percent of all Illinois residents. Cook County's population is larger than...

, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...

. Founded on September 30, 1946, HFMA serves over 35,000 members, which include CFO
Chief financial officer
The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...

s, controller
Comptroller
A comptroller is a management level position responsible for supervising the quality of accounting and financial reporting of an organization.In British government, the Comptroller General or Comptroller and Auditor General is in most countries the external auditor of the budget execution of the...

s, and accountant
Accountant
An accountant is a practitioner of accountancy or accounting , which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resources.The Big Four auditors are the largest...

s.

HFMA Governance

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.

HFMA Peer Review

The HFMA has an evaluation process for products and services called the HFMA Peer Review Process. A list of approved products and services can be found on the HFMA Peer Review website.

HFMA Events

Annual HFMA ANI Conference http://www.hfma.org/events/ani/
  • June 14–17, 2009
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