Chicago, IL - July 21, 2011 (1:00 pm CT) - Richard L. Clarke, DHA, FHFMA, president and chief executive officer of the Healthcare Financial Management Association (HFMA), announced today to staff and HFMA members that he will retire July 31, 2012. HFMA is a professional membership association with more than 37,000 members in 68 chapters who share an interest in the financial management of the delivery of healthcare services. Clarke has been president and chief executive officer since 1986. During his tenure, HFMA has experienced membership and operating revenue growth as well as broad influence in improving healthcare efficiency and effectiveness through initiatives such as the PATIENT FRIENDLY BILLING® project. Clarke has been named one of Modern Healthcare magazine's 100 Most Powerful in Health Care for nine consecutive years - one of only 12 healthcare leaders who have made the list every year since its inception.
"HFMA has become the indispensable resource for healthcare finance under Dick's leadership," said Gregory M. Adams, FHFMA, HFMA Board chair and senior vice president and partner Panacea Healthcare Solutions, LLC. "His vision for value-driven health care, his passion for education and continuous improvement, and his ability to bring together diverse perspectives has benefitted HFMA's members, their organizations, and their communities."
With the announcement, HFMA will soon begin its search for a successor, ensuring a smooth transition for HFMA's 37,000 members across the nation. A search committee has been formed of volunteer leaders with diverse HFMA and industry experience to best represent the association's members in this effort. This committee will work with a search firm to identify and assess potential candidates.
Clarke is a past Chair of the Commission on Accreditation of Healthcare Management Education and a former chair of AHA Financial Solutions, Inc. Additionally he has served on the Federal Reserve Bank of Chicago's Advisory Council. He currently serves on several committees and the Board of Directors of CHRISTUS Health in Dallas, Texas, as well as the Finance and Strategy Committee for Catholic Healthcare Partners in Cincinnati, Ohio. Dr. Clarke holds an instructor faculty position in the Department of Health Systems Management at Rush University in Chicago and the MBA in Health program for the University of Miami in Coral Gables, Florida.
Reflecting on his time leading HFMA, Clarke says, "Every day for the past 25 years, I have been impressed by the dedication of HFMA members not only to the association, but to their role in improving our nation's health. It has been an honor to serve with them and to support the mission of HFMA."
The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With more than 37,000 members, HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is an indispensable resource on healthcare finance issues.
Healthcare Financial Management Association
(800) 252-HFMA, ext. 329