Overview
What is Healthcare Financial Management Association?
The Healthcare Financial Management Association is a significant nonprofit organization dedicated to empowering healthcare institutions with the necessary financial resources to ensure their fiscal health and ultimately facilitate exceptional patient care. By providing essential tools and expertise, they enable these organizations to effectively manage their finances and sustain high-quality healthcare services. The Association's mission lies at the intersection of financial management and healthcare, leading the way for sustainable and improved patient care.
Official website here: www.hfma.org
Is Healthcare Financial Management Association legitimate?
Healthcare Financial Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Healthcare Financial Management Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,965,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,344,278
For more financial information, click here
Official website here: www.hfma.org
What is the mission statement of Healthcare Financial Management Association?
The Healthcare Financial Management Association serves a crucial role in the healthcare sector by equipping organizations with the necessary resources to ensure their financial stability. This strong fiscal foundation enables these healthcare entities to deliver high-quality patient care. The Association's mission is geared towards empowering healthcare organizations to effectively manage their finances, ultimately leading to improved patient outcomes. By providing essential tools and knowledge, the Healthcare Financial Management Association's goal is to facilitate the delivery of exceptional healthcare services. Through advocacy, education, and industry collaboration, the Association fosters financial sustainability within the healthcare community.
Official website here: www.hfma.org
Who is the CEO of Healthcare Financial Management Association?
Joseph Fifer is the President & Ceo of Healthcare Financial Management Association. The CEO's salary of Healthcare Financial Management Association is $643,891 and their total compensation is $1,022,411.
Official website here: www.hfma.org
What is the revenue of Healthcare Financial Management Association?
Healthcare Financial Management Association's revenue in 2022 was $26,004,256.
Official website here: www.hfma.org
Who are the executives of Healthcare Financial Management Association and what are their salaries?
The average compensation at Healthcare Financial Management Association during 2022 was $141,491. There are 87 employees and 2154 volunteers at Healthcare Financial Management Association.
Here are 23 key members and their salaries (Healthcare Financial Management Association's CEO's salary is $643,891 and their total compensation is $1,022,411):
- Compensation: $643,891
- Related: $275,953
- Other: $102,567
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $246,178
- Related: $105,504
- Other: $30,479
- Compensation: $277,257
- Related: $118,824
- Other: $77,375
- Compensation: $222,868
- Related: $95,516
- Other: $70,499
- Compensation: $215,819
- Related: $92,494
- Other: $41,615
- Compensation: $156,739
- Related: $67,174
- Other: $54,797
- Compensation: $164,241
- Related: $70,389
- Other: $36,300
- Compensation: $244,570
- Related: $104,815
- Other: $31,382
- Compensation: $153,257
- Related: $65,682
- Other: $34,105
- Compensation: $270,669
- Related: $116,001
- Other: $21,040
- Compensation: $152,362
- Related: $65,298
- Other: $38,944
Official website here: www.hfma.org
Where can I find the form 990 for Healthcare Financial Management Association?
Healthcare Financial Management Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hfma.org
Learn more at the official website: www.hfma.org
Mission Statement of Healthcare Financial Management Association
The Healthcare Financial Management Association (HFMA) is a pivotal organization that spearheads the financial management of healthcare institutions. By equipping these entities with essential resources, HFMA ensures they maintain robust fiscal health, enabling them to deliver optimal patient care.
In simpler terms, HFMA serves as a crucial partner to healthcare organizations, providing them with the tools they need to manage their finances effectively. This, in turn, empowers these institutions to allocate their resources wisely, improve operational efficiency, and ultimately, provide superior healthcare services. The mission of HFMA is multifaceted, encompassing the provision of knowledge, resources, and networking opportunities to help healthcare organizations navigate the complex financial landscape.
HFMA's commitment to the financial well-being of healthcare organizations extends beyond the mere exchange of information. They offer a variety of resources and solutions tailored to address the unique challenges faced by healthcare institutions. Through educational programs, research, and best practice sharing, HFMA fosters a collaborative environment where industry professionals can learn from one another and stay abreast of the latest trends and developments in healthcare finance.
In essence, HFMA stands as a trusted ally to healthcare organizations, offering invaluable guidance and support to help them achieve sound fiscal health and, in turn, deliver exceptional patient care.
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Impact
October, 2024
The Healthcare Financial Management Association (HFMA) significantly influences the financial health of healthcare organizations, enabling them to deliver high-quality patient care. By providing essential resources, tools, and guidance, HFMA enhances the financial management practices within the healthcare sector, ensuring that organizations can maintain sound fiscal health. This focus on financial stability allows healthcare providers to allocate necessary resources towards patient services, ultimately improving community health outcomes. HFMA's commitment to educating and supporting professionals in healthcare finance plays a pivotal role in fostering innovations, improving efficiency, and driving community improvement initiatives throughout the industry.
This information is meant to be a general summary of Healthcare Financial Management Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $372,546
- Program Service Revenue: $19,188,187
- Gross Receipts: $26,004,256
Assets and Liabilities:
- Total Assets: $21,103,876
- Total Liabilities: $13,038,348
- Net Assets: $8,065,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$11,052,564
Publications
Revenue
$2,644,507
Sponsorships
Revenue
$2,069,873
Benchmarking and Metrics
Revenue
$1,726,125
Peer Review
Revenue
$1,084,208
Organization Details
Founding Year
1957
Phone
(708) 531-9600Principal Officer
Joseph Fifer
Main Address
2001 Butterfield Rd 1500, Downers Grove, IL, 60515
Website
www.hfma.orgNTEE Category
Code: S41 - Community improvement
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