2002-2003 Annual Report: HFMA brings perspective and clarity to the industry's complex issues for the purpose of preparing our members to succeed. Through our programs, publications and partnerships, we enhance the capabilities that strengthen not only individual careers, but also the organizations from which our members come

Healthcare Financial Management, Oct, 2003

* "Comprehensive Performance Management in the Operating Room," which summarizes opportunities to assess OR performance against both financial and clinical quality metrics to achieve continuous improvement in patient outcomes and profitability.

* Profit Opportunities Still Exist ... In the Operating Room," which outlines key focus areas for reducing 0R costs.

* Time Is Money--Labor Analysis Toolkit," prepared by HFMA and sponsored by Kronos Incorporated, summarizes strategies for tighter labor resource management.

* The Patient Revenue Cycle at the Crossroads--Leadership, Structure, and Skills." focuses on the human resources aspect of patient financial services. This paper was second in a two-part series made possible through the efforts of HFMA's Patient Financial Services Forum Advisory Council and Task Force on Patient Financial Services.

Strategic partnerships are an important elements of success. HFMA's business development strategies have continued to evolve. Today healthcare vendors are interested in working with HFMA for our mutual benefit. HFMA has been fortunate to experience growth in corporate partnerships and sponsorship opportunities. Our partnerships continue to be very selective and focus on three key attributes: value to members, value to HFMA, and value to the partner. To date, examples include:

GE Healthcare Financial Services HFMA and GEHFS just completed the two-year Black Ink series of web-delivered news and information. We are now embarking upon a major research project regarding hospital access to capital.

Geico--Members continue to access Geico for quotes and savings for their personal insurance.

Ingenix--HFMA has branded multiple Ingenix publications and data resources of value to HFMA members.

McKesson--has sponsored many reports, including an operating room series, which focus on improved resource management.

WebInservice--In this partnership, HFMA's high-quality content is delivered to healthcare professions via WebInservice's ASP technology. Lessons also include content that HFMA technically review's and maintains.

For a complete list of HFMA partners, please visit HFMA's website at www.hfma.org/Membership/Benefits/Special_Offers/ Special_Offers.htm

These demographics highlight members of
the HFMA community:

Average Age:        45
Gender:             42% F  58% M
Race *:             African American 2.7%
                    Asian 2.6%
                    Caucasian 89.7%
                    Hispanic 2.3%
                    American Indian/Other 2/6%

* based on voluntary response

Average Years in Health Care: 19

Average Years as HFMA Member: 10

The HFMA community.

HFMA recognized members of its community who made remarkable contributions to HFMA and the industry. David A. Timpe, FHFMA, CPA, received the 2002 Frederick C. Morgan Individual Achievement Award, the Association's highest honor. Timpe has distinguished himself at local, state, and national levels as a respected and knowledgeable healthcare leader.

Dr. Thomas F. Frist, Sr., Dr. Thomas F. Frist, Jr., and Senator Bill Frist received HFMA's distinguished Board of Director's Award in 2002. The Frist family was recognized for their significant impact on the health delivery system in this country.