HFMA is the nation’s leading membership organization for healthcare financial management executives and leaders. More than 40,000 members, ranging from CFOs to controllers to accountants, consider HFMA a respected thought leader on top trends and issues facing the healthcare industry. HFMA members can be found in all areas of the healthcare system, including hospitals, managed care organizations, physician practices, accounting firms, and insurance companies. The chapter is the fundamental level of the organization and provides the primary service opportunity for individual members.
History of HFMA
The American Association of Hospital Accountants (AAHA) was formed in 1946 with the first chapter forming in Illinois and the first official Journal was published. Incorporated as a non-profit association, AAHA established a national office in Chicago with one full-time employee.
Nationally, membership included 58 chapters and 3,200 members. In the 1960’s a Code of Ethics was adopted and the Educational Foundation was formed. The AAHA changes its name to the Hospital Financial Management Association (HFMA). National membership approached 9,000 members and includes 61 chapters. The first salaried president was hired in the 1970’s and the Principles and Practices Board was established. Membership totaled over 18,000, the records became computerized and three new chapters were established.
The National office was relocated to Westchester, Illinois in the 1980’s and the first seminar was held in the United Kingdom. In 1982, the name was changed to the name that is used today – Healthcare Financial Management Association.
The Healthcare Financial Management Association (HFMA) is the professional membership organization for individuals involved in the financial management of healthcare. At the chapter, regional, and national level, HFMA helps healthcare finance professionals meet the challenges of the modern healthcare environment by:
- Providing education, analysis, and guidance.
- Building and supporting coalitions with other healthcare associations to ensure accurate representation of the healthcare finance profession.
- Educating a broad spectrum of key industry decision makers on the intricacies and realities of maintaining fiscally healthy healthcare organizations.
- Working with a broad cross-section of stakeholders to improve the healthcare industry by identifying and bridging gaps in knowledge, best practices, and standards.
To be the indispensable resource for healthcare finance.