William C. Matheney FHFMA CPA MBA




Bill is a director at Matheney Stees & Associates (“MSA”).

Relevant Experience   

Bill has approximately 31 years of extensive experience in the healthcare industry.  This includes approximately two years with the State of Tennessee Medicaid Program fiscal agent, two years as a large SNF/ICF nursing home controller, and twenty-seven years in public accounting serving the healthcare industry.  Bill has managed and served as in-charge auditor for audits ranging from small rural hospitals to the largest tertiary facility in Southeast Tennessee.  He has served as reimbursement consultant to many healthcare providers with primary responsibility for cost report preparation, reimbursement maximization, and intermediary representation.  He continues to have excellent relationships with several MACs. Bill entered public accounting in 1984 with KMG Main Hurdman.  He remained with the firm through the merger with Peat Marwick Main & Co. and attained the level of manager at KPMG.

Professional Activities       

Bill maintains membership in: the American Institute of Certified Public Accountants, the Tennessee Society of Certified Public Accountants, and the Tennessee Chapter of the Healthcare Financial Management Association, having been President of the Tennessee chapter in 2001-2002.  He has served on the Board of Directors of various healthcare related organizations.  He is the recipient of the HFMA William G. Follmer, Robert H. Reeves and Fredrick T. Muncie Merit Awards, the Medal of Honor and has twice won the President’s award from the Tennessee chapter. 

Bill is certified as a Fellow in hfma with a specialty in accounting and finance. Bill served on the hfma National Advisory Council from 2008-2010 where responses to various issues and positions on healthcare as it relates to hfma members are discussed. The Council provides input to the National hfma on how they should respond to issues of importance to hfma’s members. 

Bill has also recently been appointed to the National hfma Board of Examiners that develops the proficiency testing and study material for National certification examinations. He will serve as area expert in accounting/finance.

Bill has been a presenter at the Tennessee Society of CPAs Healthcare Conference and has spoken frequently in other venues on healthcare topics.


Bill received his Bachelor of Science Degree in Business Administration with a major in accounting and Master in Business Administration with a concentration in accounting and information systems from Tennessee Technological University. During graduate school he was inducted into Beta Alpha Psi, the national business honor society