This web site is dedicated to all of the professionals who served HMA and its clients, and it was created to answer most of the questions that I have received about what happened to Healthcare Management Advisors - HMA.
HMA was a great firm that provided Clinical Data Quality and Compliance Services to hospitals, physicians, and other healthcare providers and their attorneys nationwide. In fact, HMA served over 25% of all US acute care hospitals and hundreds of physicians.
What Happened to HMA?
After founding and managing HMA for 10+ years and directing healthcare consulting practices for 20+ years, I started looking in 2000 for a new professional challenge outside of HMA. We had received a couple of offers from other national firms to buy HMA, but at the request of our then Senior VP, I agreed in 2001 to sell my controlling interest back to the firm and allow her to become the President of HMA.
In September 2001, I sold 85% of my stock in HMA, but stayed on a part time basis as its Chairman and Editor of Strategy Advisor. HMA's business continued to be successful, as expected, and in August 2002, I sold my remailning 15% interest in HMA, and resigned as Chairman and all other positions at HMA to pursue other business interests and "semi" retirement..
Regrettably, HMA's business collapsed in 2003 after I left the firm. Seeing the business that I founded 13 years ago turn into a disaster was depressing, but it has shown me that my faith is only well placed when I truly trust God for what I need. And after all, I did pray for a new professional challenge and, as my father said, "retirement" is not a Biblical concept.
What's Going on Now
In 2001, after I sold 85% of HMA, I started ABA - American Benefit Advisors with the help of other insurance industry professionals - see www.GoABA.com for more information. We are licensed in multiple states and we specialize in providing employee benefit plans for groups of 2 to 2,000, including healthcare providers and other small to mid-sized organizations. Later in 2002, HLN - Health Law Network was created in response to numerous requests for help from healthcare attorneys and providers for Medicare compliance and litigation support, many of whom I have worked with over the past 30+ years - see www.HLNetwork.com for more information.
For all of you that have been clients, staff and friends of HMA in the past, I thank you for the confidence you expressed in the firm and in me. I thank God for the blessings He has given to me and my family, and I will strive to continue to find opportinities to serve others in the future. Please let me know if there is anything I can do to help you.