Question 1

What is the mission of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION?

Accepted Answer

HFMA is the professional membership organisation for finance staff in the healthcare sector.The organisation offers training and publications both to its members and the wider healthcare finance community.HFMA sponsors, undertakes and publishes relevant studies and research work and aims to advance effective financial management in the healthcare sector.

Question 2

What is the financial size of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION?

Accepted Answer

HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION is classified as a large charity. In the latest financial year, they reported a total income of £8,379,000 and total expenditure of £8,380,000.

Question 3

How does HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION allocate its spending?

Accepted Answer

For every pound spent, approximately 53.9% goes directly to charitable activities. The remaining 46.1% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.8%).

Question 4

What is the workforce structure of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION?

Accepted Answer

HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION employs 82 staff members and is supported by 150 volunteers.

Question 5

Does HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION

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