Members are the lifeblood of HFMA. Over 34,000 members provide the focus for the broad range of services and benefits that HFMA delivers. Members also provide the ideas and effort to help create and ultimately to administer these activities. With a broad range of professional titles and settings, from accountant to senior financial manager, from hospitals and nursing homes to consulting firms and insurance companies, members express a wide variety of viewpoints on key healthcare issues facing the industry, thereby guiding HFMA in representing the profession.
The four basic categories of HFMA membership as defined in HFMA’s bylaws are: Regular Member, Student Member, Advanced Member, and Retired Member. The first two of these categories are available to members when first joining HFMA. A member who is approved as a Faculty Member, Retired Member, National Life Member or Chapter Life Member retains their classification (Regular, Advanced) and all the rights and privileges of that status.
A regular Member is a person interested or involved in healthcare financial management. All prospective members (except full-time students) join HFMA as regular members.
A faculty member is a person who holds a full-time academic position with an appointment in a graduate or undergraduate program in a health or business-related field. Regular Members pay the full dues rate. Faculty Members pay at a reduced rate.
A Student Member is a person who, during the academic year, is a full-time college student at an educational institution that normally maintains a regular faculty and curriculum, and has an organized body of students at the place where its educational activities take place, or is a full-time intern, resident, or co-op student affiliated with an accredited educational program, and is not employed full-time. Regular Members pay the full dues rate. Student Members pay at a reduced rate.
When a student leaves school, he/she is reclassified as a Regular Member and must pay full dues in accordance with the Regular Member rate. When the Student Member converts the membership, the application fee is waived.
An Advanced Member has earned this status by voluntary participation in the programs and services of the Association, including service as a volunteer, as delineated in policies established by the Board of Directors.
National Life Member
A National Life Member (not to be confused with Chapter Life Member) is a Regular or Advanced Member upon whom life membership has been conferred by the National Board of Directors. To be considered, the member must have served as an HFMA National Officer or Director or as a member of a HFMA National Committee. National Life Membership is conferred to recognize meritorious service to HFMA or an outstanding contribution to the healthcare financial management profession. A National Life Member is exempt from all further dues and assessments. This status may not be conferred on a member while he or she is serving as an elected Officer or Director of HFMA National.
A member who is approved as a Retired Member or Chapter Life Member retains his/her classification (Regular, Advanced) and all the rights and privileges of that status.
Any HFMA member in good standing who has completely retired from an active career, or who has attained the age of 70,
may apply for Retired Member status. To apply for that status, a member should notify HFMA’s Director, Member Service
Center, via a personal letter submitted through the chapter president. If approved, the Retired Member pays dues at a reduced rate (currently $35/year) and retains all rights and privileges of the person’s primary classification.
Chapter Life Member
Chapter Life Membership may be conferred upon the member to recognize outstanding chapter accomplishments. To initiate the process, a member must be a Retired Member in good standing. The Chapter’s Board of Directors must act to
recommend conferral of Chapter Life Membership on the Retired Member. The Chapter President should write a letter to the Director, Member Service Center:
- Confirming chapter board action;
- Explaining, based on the individual’s biographical information, why the chapter is recommending Chapter Life Membership;
- Enclosing a chapter check for $175 covering five years of retired dues ($35 per year); and
- Recommending that HFMA’s Board of Directors approve the conferral of Chapter Life Membership.
Of these four categories, only Regular, Advanced, and National Life Members have voting rights on HFMA National issues, e.g., electing leaders and voting on proposed bylaws revisions.
HFMA’s membership year begins on June 1 and ends on May 31. With respect to the Davis Chapter Management System, the year begins May 1 and ends April 30. One month offset allows chapter leaders to wrap up the Davis Chapter Management System reporting before the membership year is up and allows for completing judging in time for recognition at HFMA’s Annual National Institute.