3/2/2017

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HFMA 101 HFMA 101:Realizing the Value of Your

Professional Organization

Heart of America Chapter

Today’s Presentation

• Organizational overview

• Current HFMA initiatives

• Member benefits and resources

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Organizational Overview

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Realignment Is Erasing Traditional Healthcare Boundaries

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Driven by demands for care transformation, the healthcare industry is realigning at an an unprecedented pace.

The Triple Aim framework was developed by

the Institute for Healthcare Improvement in

Cambridge, Mass. (www.ihi.org).

SHARED GOAL

HFMA Changes Health Care

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OUR MISSION

Leading thefinancial

management of health care

OUR VISION

HFMA will bring value to the industry as the leading organization for healthcare

finance

Thought Leadership Shapes the Future of Health Care

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WHAT WE DO

CHANNELS

Official Comments and Testimony

Media Other Associations and Industry Groups

Chapters

Share finance perspectives to drive improvement

Convene healthcare groups to build consensus

Develop strategic frameworksto guide action

Establish principles and guidanceto advance capabilities

Fostermeasurement andaccountabilityfor outcomes

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HFMA Has a Large Member Base

• Current member count: 40,000+

• Retention rate: 86%

• Financial executive retention: 90% +

• The typical member has belonged to HFMA for

8 years

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Provider Leaders Make Up Largest Segment of HFMA Membership

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More than 60% of members are in provider/payer setting

Other

Administration/ Operations

Managed Care/

Reimbursement

Revenue Cycle

Finance/Accounting

Approximately two-thirds are in financial, revenue cycle, accounting, or payment roles

~ 2/3

Executives Constitute the Largest Percentage of HFMA members

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Our Members Belong to 68 Local Chapters

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HFMA is Focused on Knowledge Transformation

• Membership

• Continuing education and training

• Career development and certification

• Small group-focused interactions

• Information analysis and perspective

• Standard setting

• Organizational performance management

• Virtual and face-to-face networking

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National Leaders Oversee HFMA Governance and Management

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HFMA 2015-16 Board of Directors

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Current HFMA Initiatives

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HFMA Guides the Value Transition

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hfma.org/valueproject

Improve Patients’ Financial Experience

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hfma.org/dollars

Enhance Price Transparency

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• Clarifies basic definitions

that are often misused

• Sets forth guiding

principles

• Establishes roles for

payers, providers, others

• Reflects consensus of

key stakeholdershfma.org/dollars

Equip Staff for Success in the

Consumerism Era

• Agenda for live onsite training

for your patient access staff

• Slide deck that can be customized

• Sample financial policies

• Coaching guidelines

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hfma.org/dollars

Achieve Recognition as an Adopterof Best Practices

• Demonstrates commitment to best practices in patient financial communications

• Based on HFMA review of application and supporting documentation

• Open to all provider organizations

• Recognition valid for two years

• Adopters may use the phrase “Supporter of the Patient Financial Communications Best Practices” in their marketing materials

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hfma.org/dollars

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Educate Consumers

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• Describes how to request price estimates, step by step

• Clarifies what estimates may or may not include

• Explains in-network and out-of-network care

• Defines key terms

• Provides information on assessing healthcare qualityhfma.org/consumerguide

MAP Sets the Standard for Revenue Cycle Excellence

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HFMA Is Reaching Out

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hfma.org/physician hfma.org/healthplan

HFMA Launches HERe Initiative

• National & chapter events

• Virtual tools & opportunities

for engagement

• Ongoing discussion groups

• Newsletters, articles, & blogs

• Webinars

• Other resources

www.hfma.org/here

HFMA Strives to Develop and Support Future Leaders in Healthcare Finance

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hfma.org/earlycareerist

Benefits & Resources

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Learn

• ANI: HFMA National Institute

– June 25-28, Orland

• Virtual Conference

• Seminars

• Webinars

• e2Learning

• Revenue Cycle Conference

• HFMA onsite programs

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Explore Online Resources

• Reports

• Fact sheets

• Articles

• Analyses

• Roundtables

• hfm Buyer’s Resource Guide

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ONLINE KNOWLEDGE CENTER TOPICS

•Accounting and financial reporting

•Finance and business strategy

•Legal and regulatory compliance

•Operations management

•Payment, reimbursement,

and managed care

•Revenue cycle

•Technology

Read

• hfm magazine

– The #1 publication for healthcare CFOs

• Leadership publication

– Reaches all levels of the C-suite

• Newsletters:

– Revenue Cycle Strategist

– Healthcare Cost Containment

– Strategic Financial Planning

– HERe e-newsletter

– Physician Business Adviser

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Listen to HFMA’s New Podcast

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www.soundcloud.com/hfma

Become Certified

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www.hfma.org/certification

Stay Connected and Up to Date

• www.hfma.org

• Daily and weekly online news

• Social media:

– Facebook

– LinkedIn

– Twitter

• HFMA Forums

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Get Involved

• Take your place in one of HFMA’s 68 chapters

• Pursue leadership opportunities

• Attend local education programs

• Take advantage of networking opportunities

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