The Medical Group Management Association and the Healthcare Financial Management Association have formed a strategic alliance.
The associations' initial joint projects include updating accounting standards for group practices. Other areas of collaboration may include education, products, research, membership, communications and publications.
The MGMA, based in Englewood, Colo., represents 5,500 group practices and 17,500 group practice managers and physician leaders. The HFMA, based in Westchester, Ill., represents more than 34,000 healthcare financial management professionals.