ACCOUNTING AND REGULATORY TECHNICAL UPDATE
This Committee is responsible for organizing an educational program focused on updating the membership on current year changes in the following areas: accounting standards and guidelines; reimbursement and compliance regulations; IRS and other tax matters for tax exempt health care organizations; and other industry hot topics. The program also incorporates at least one panel discussion related to a relevant industry topic. The Committee generally has video conference calls every two to three weeks between the first kickoff meeting and the scheduled program. Each conference call lasts about one hour. In addition to the educational program, the Committee also coordinates periodic webcasts covering regulatory topics of interest. The Committee will also prepare blog posts throughout the year focused on the educational program and other relevant topics for the chapter’s blog.
CAPITAL FINANCE COMMITTEE
The purpose of the Capital Finance Committee is to engage with both traditional financing vehicles as well as with the developing forms of equity and debt financing sources available in the capital markets. The Committee will focus on the overall financing trends within the health care sector and engage with a broad spectrum of enterprises to develop educational programs that address changes in health care delivery that will require new forms of capital formation to support the needs of established enterprises as well as new companies representing alternative approaches and disruptive technologies.
Educational programs will be designed for senior-level healthcare finance, strategic, and operating professionals, focusing on emerging trends and opportunities. The educational sessions will feature healthcare leaders; investment bankers, private equity, banking, venture capital, and other investing professionals; and policy makers. The programs will address the investment activities of major health systems, providers and other health care delivery participants including insurers and others and how these activities support institutional goals as well as new forms of healthcare delivery. Committee meetings will start six months before the event/conference. Meeting frequency would start as monthly and then increase to weekly as the event/conference approaches.
This Committee focuses on all aspects of corporate compliance & privacy activities required of healthcare organizations. The Committee is charged with exploring compliance program best practices and coordinating at least one regional, annual educational session offered to those in the healthcare compliance industry. Additional sessions may be held jointly with another professional association. The Committee meets approximately 10-12 times a year, either in-person or by telephone. During these meetings, the Committee discusses current events and hot topics and prepares for the educational session, all while benefiting from shared knowledge and learning from across the industry. The Committee is also responsible for organizing promotional content for the annual education session, including blog posts prior to and following the session, recruiting writers to prepare 2-3 additional blog posts for the chapter’s blog and general advancement activities aimed at enhancing and growing the chapter’s membership.
DIGITAL STRATEGY / SOCIAL MEDIA COMMITTEE
Social Media and Digital Strategy touch every aspect of our chapter! This is an opportunity to have significant influence over the brand of our local chapter. If you enjoy marketing, digital media, or photography or have an interest in growing one or more of these skills, this is the committee for you. Tap into your creative side.
The Digital Strategy / Social Media Committee oversees maintaining and expanding the Chapter’s Social Media presence. To accomplish this goal, the Committee meets regularly to develop and enhance processes for managing and releasing digital media content, including the Chapter blog, LinkedIn posts, Tweets, and Facebook posts. Committee members oversee soliciting industry relevant blog articles. Participants on this Committee have opportunities for business networking and socializing with others who help advance the mission of the Massachusetts-Rhode Island Chapter. The Committee works closely with the Social/Networking, Education and Sponsorship Committees to promote awareness of the HFMA MA-RI Chapter and to promote upcoming events and programs. The expected time commitment is 1-3 hours a month.
HEALTHCARE DELIVERY TRANSFORMATION COMMITTEE
As the delivery of and payment for healthcare services continues to evolve, there are far more similarities than differences among the operational and financial concerns of managed care, performance management and physician practice management. Mergers, acquisitions, alternative payment methodologies, and state and federal health reform efforts continue to transform how care is delivered and requires payers and providers to continually innovate and adapt to new technologies and systems. The goals for this Committee include:
- Identifying and presenting innovative and practical methodologies and tools to improve healthcare operational, clinical and financial performance to thrive in today’s changing industry.
- Promoting adoption of the most effective use of technology and current industry thinking
- Addressing trends concerning both operational and financial issues across the healthcare continuum including those trends affecting the delivery of ambulatory care, physician and hospital services, and alternative delivery models such as homecare and telemedicine
- Reviewing new ideas and approaches to both financial management and care delivery in physician practices as well as hospitals and healthcare systems.
- Providing timely, applicable, solutions-oriented information and tools related to developments in managed care and insurance.
- Focusing on changes in state and federal healthcare reform, as well as challenges and opportunities resulting from new payment methodologies and delivery system transformation
- Exploring and learning from successful examples of effective collaboration in the marketplace and new issues/products emerging in the managed care environment.
INCLUSION & BELONGING COMMITTEE
MA-RI HFMA is on a journey to be inclusive and celebrate multiple approaches and points of view. We believe diversity drives innovation so we’re building a culture where difference is valued. More importantly, creating an environment where everyone, from every background, feels welcomed and valued is the right thing to do. This year our goal is to launch this committee and focus on the following themes:
- Assess how MA-RI HFMA can improve and best benefit underserved communities,
- Encourage and enable individuals belonging to an under-represented group to attend HFMA event (Evaluate developing a scholarship program, etc…),
- Increase under-represented members level of engagement in HFMA and to help achieve their career goals (Evaluate a mentorship program, etc…).
This group will meet once per month, every second Friday at 3pm.
This Committee is in charge of maintaining and expanding the Chapter’s membership in Massachusetts and Rhode Island based on the goals established by the National HFMA. To accomplish this goal, the Membership Committee has the responsibility to develop a recruitment and retention plan for members that must be carried out each year in alignment with national initiatives. These initiatives may include: member engagement socials, newsletter articles, prospective membership recruitment, the Member-Get-A Member Program, membership renewal activities, social media promotes, and outreach to prospective members from non-traditional settings including health care students and employees in non-hospital settings.
The Committee works closely with the Social/Networking and Education Committees to ensure that activities and programs are aligned with the goals of Membership growth and retention, including the recruitment and retention of young professionals, Coffee Chats to enhance networking for new members. In addition, this Committee is responsible for the posting of the Chapter’s Annual Membership Directory.
NETWORKING/SOCIAL EVENTS COMMITTEE
This Committee is focused on holding events and creating opportunities for members to become better acquainted with the Chapter, HFMA, and each other, and to network for business sharing, career opportunities and industry insight.
The primary goal of the Committee will be to increase member engagement by planning and executing events that are both fun and conducive to professional networking. Past events have included wine tastings, an “Ugly Holiday Sweater” contest, and restaurant “meet ups.” In addition to planning multiple events throughout the year, the Committee will also be responsible for planning our annual awards event to recognize and honor the achievements of and contributions made by our members. Monthly conference calls will take place during the course of the year to plan events.
Participants on this Committee have the opportunity to become better acquainted with the Organization, its administrative functions, and opportunities for business networking and socializing with their peers and others who have helped to advance the mission of the Massachusetts-Rhode Island Chapter. Participants on this Committee have the opportunity to become better acquainted with the Organization, its administrative functions, and opportunities for business networking and socializing with their peers and others who have helped to advance the mission of the Massachusetts-Rhode Island Chapter.
REVENUE CYCLE COMMITTEE
This Committee is focused on issues relating to all aspects of hospital and physician revenue cycle management. The Committee’s primary responsibility is organizing the annual Revenue Cycle Conference (RCC) which typically takes place at Gillette Stadium in mid-January of each year. The RCC attracts 250+ attendees including 50+ exhibitors to this one or two-day eagerly anticipated event. The Revenue Cycle Conference includes educational offerings geared towards different focus areas of revenue cycle and financial optimization. We also continue to attract prominent keynote speakers who help frame the healthcare financial landscape along with a celebrity guest speaker.
The Committee has members who contribute via Sub-Committees (educational programming, vendor/sponsor recruitment, marketing/social media, and day-of operations). The Committee convenes via conference call approximately every two weeks starting in early summer month and continuing to the two-day event in January. Conference calls are scheduled for 60 minutes (but are often shorter). In addition to the bi-weekly conference calls, Committee members are also expected to research aspects of their particular Sub-Committee and contribute at the Conference. As a bonus, active committee members who also volunteer at the Conference, attend the event for free.
WOMEN’S LEADERSHIP COMMITTEE
Join other healthcare industry leaders to help develop the Women’s Leadership Conference (WLC). This annual event will present an in-depth review of issues impacting women in their work and their life, moving beyond the normal vanilla topics and into issues related to emotional intelligence, the changing picture of a successful manager, the gender wage gap and ageism. The goal is to foster leadership among women and empower them to make changes in their own professional world as well society at large, which is important to all of us. This committee meets for one hour every other week via conference call from September until the Spring program. The Committee also finds ways to celebrate and amplify women in healthcare leadership roles through social media, blog posts and speaker opportunities.
YOUNG PROFESSIONALS COMMITTEE
The Young Professionals Committee focuses on fostering a professional network and increasing industry knowledge for our future healthcare leaders. The Committee provides an opportunity for members to become better acquainted with HFMA, the MA-RI Chapter and each other, and to network for business sharing, career opportunities and industry insight. During the year, the Committee will plan and execute the New to Healthcare Seminar’s post-program social event in the fall, as well as a spring networking event. The Committee will be responsible for reaching out to local colleges and universities to educate students on the benefits HFMA membership and the Chapter events.
Participation may include meeting with professors and students at job fairs or department events. Opportunities for interns will also be explored each year. During the fiscal year, the Committee will contact a minimum of four (4) colleges and universities to increase awareness. A minimum of four (4) conference calls will take place during the course of the year. The goals will include planning and executing events for the “Young Professionals,” which may include legacy members with whom to network. Participants on this Committee have the opportunity to become better acquainted with the Organization, its administrative functions, and opportunities for business networking and socializing with their peers and others who have helped to advance the mission of the Massachusetts-Rhode Island Chapter. The Committee will be responsible for meeting/exceeding the required National HFMA requirements for Networking and Innovation.