HFMA opens nominations for key volunteer leadership roles

Every year, HFMA seeks volunteers who want to take an active role in leading the financial management of healthcare by serving on a key HFMA advisory council or committee. Now that the Association has grown to more than 100,000 members, there has never been a better time to help shape the future of the healthcare industry. Volunteer leadership opportunities include HFMA’s Board of Examiners, Chapter Advancement Team, Principles and Practices Board and Investment Subcommittee. The nomination process starts now: Please submit your nominations here by Oct. 16, 2023.

BOARD OF EXAMINERS

The purpose of the Board of Examiners (BoE) is to collaborate with the HFMA National Board and staff to ensure HFMA’s career strategies, career development and credentialing programs are responsive to the needs of the membership, the association and the profession.

• The Board of Examiners (BoE) oversees existing BoE policies; implements new policies as required, for the effective management, operation and management of certification and credentialing programs.
• The BoE serves as an advocate for the education of healthcare finance professionals, including regular review of HFMA’s credentialing and professional development program goals, utilization, and outcomes.
• The BoE validates the need and potential market(s) for new certifications, certificate programs, or other credentialing and professional development opportunities.
• The BoE is composed of 9 appointed members who serve three-year terms and meet three to four times a year: one time in-person. (Some travel is required with expenses paid by HFMA.)

CHAPTER ADVANCEMENT TEAM (CAT)

• The mission of the Chapter Advancement Team (CAT) program is to build stronger chapters, one chapter at a time. Trained volunteer consultants work with individual chapters to expand the scope, quality, and quantity of services provided to members by guiding chapters in strategic planning, leadership development, and chapter assessment and improvement.
• The Chapter Advancement Team is comprised of seven active HFMA members who previously served at local, regional and/or National levels within HFMA. Team members serve one to three-year terms with two to three members rotating off the team each year. The team meets once a year for training and acts as facilitators at the Leadership Training Conference (LTC). In addition, CAT members undertake projects and consultations throughout the year. (Some travel is required with expenses paid by the individual chapter, or HFMA in the case of training and LTC.)

NATIONAL ADVISORY COUNCILS

• The National Advisory Councils (NAC) provide professional perspective to the Association on thought leadership topics important to HFMA members. The structure for these councils is flexible and may change somewhat each year depending on HFMA’s strategic needs. The NAC is designed around HFMA’s three market segments, (1) Strategy and Innovation, (2) Payment Models, and (3) Revenue Cycle. Appointments will be made to each of these three councils from individuals who are active in their profession as well as HFMA volunteers who are knowledgeable in one of these subject areas.
• The NAC consists of directors from the National board who serve as Co-Leads to help guide discussion to gain insights and perspectives, and 24 appointed members who serve staggered two-year terms who focus on key issues facing the healthcare industry and the Association. These councils meet two times a year. (Some travel is required with expenses paid by HFMA.)

PRINCIPLES & PRACTICES BOARD

• The Principles & Practices (P&P) Board was established by HFMA in 1975 to re-evaluate, clarify, and establish accounting principles and financial reporting practices of health services organizations. The P&P Board and its members also act as liaison with the AICPA, the Financial Accounting Standards Board, and the Governmental Accounting Standards Board. The P&P Board may be assigned issues by the Board of Directors.
• The P&P Board is composed of 12 appointed members who serve three-year terms and meets two to three times a year. These members are recognized for their technical competence in the industry and possess outstanding personal and professional qualities. At least six members must be employees of provider organizations; six or fewer members must work in organizations that serve the industry. (Some travel is required with expenses paid by HFMA.)

INVESTMENT SUBCOMMITTEE

• The Investment Subcommittee reports to the Audit and Finance Committee of the National Board and is responsible for making recommendations regarding asset allocation policy, investment style guidelines, investment manager selection and review criteria, investment management selection/termination, investment manager guidelines and rebalancing of the portfolio.
• The committee consists of up to seven individuals with appointed members having significant, contemporary knowledge of investments and their management. Competence for membership on the Investment Subcommittee may be demonstrated in a number of ways including having an MBA, CFP, CFA or prior investment committee experience. Individuals will serve three-year terms. (Some travel may be required with expenses paid by HFMA.)

BECOME AN HFMA LEADER

Participating in HFMA leadership gives you the opportunity to enhance the benefits, products and services provided to HFMA members and healthcare finance professionals across the country. Becoming an HFMA leader offers you the opportunity to:

• Develop leadership skills
• Have a voice in your future
• Meet industry decision-makers
• Expand your influence
• Initiate change
• Advance your career
• Provide input on HFMA programs
• Contribute to the future of healthcare

For questions or more information, please contact Francie Novak, [email protected].