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 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.)
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.
HFMA Board of Examiners Responsibilities:
- Serve as subject matter experts ensuring the credibility, accuracy, validity, and quality of programs.
- Serve as an advocate for the education of healthcare finance professionals, including serving as a customer liaison and gathering input on needs, expectations, and experience.
- Regular review of HFMA’ s credentialing and professional development program goals, utilization, and outcomes.
- Confirm currency of the professional body of knowledge and competency framework used in the credentialing and professional development programs.
- Oversee HFMA credentialing program policies, including exam performance, recertification, and market activity.
- Monitor, develop and revise certification exam test items.
- Validate 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 is to build stronger chapters, by empowering and supporting volunteer leaders through strategic collaboration and knowledge sharing. The team provides innovative solutions and guidance that enhance chapter leader capabilities, effective communication, and drive successful execution within chapters.
The Chapter Advancement Team can support chapters in many areas, including:
- Guidance on specific issues or situations
- Chapter Leadership presentations (Board, Chapter Leadership, etc.)
- Conference/program presentations (HFMA 101, Certification, etc.)
- Mini-LTC support (volunteer engagement, topic presentation)
- Facilitation (in-depth review/discussion of specific topics), such as:
- Strategic planning
- Leadership development
- Chapter assessment and improvement
- Succession planning/building your bench
- Volunteer engagement
- Enhanced chapter operations and programs
- Managing changes in systems, structure, skills, and culture
The Chapter Advancement Team is comprised of seven to ten active HFMA members who have previously served as chapter president within HFMA. Team members serve one to three-year terms, with two to three members rotating off the team each year. (Some travel is required with expenses paid by the individual chapter, or HFMA in the case of training and the Summit.)
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.)