Professor Regina E. Herzlinger has received the Board of Directors' Award from the Healthcare Financial Management Association (HFMA), the nation's leading membership organization for health care financial management professionals. The award lauds the "impressive insight and foresight" of Herzlinger's extensive research and analysis regarding "the precarious state of managed care and the move toward consumer-driven health care" in this country. This marks only the twenty-third time that HFMA has bestowed this honor since the organization's founding 39 years ago. Among many other works, Herzlinger is the editor of Consumer-Driven Health Care: Implications for Providers, Payers, and Policymakers (Jossey-Bass, 2004) and the author of Market-Driven Health Care: Who Wins, Who Loses in the Transformation of America's Largest Service Industry (Addison Wesley, 1997).

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