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Financial CHFP : Certified Healthcare Financial Professional (CHFP) Exam

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Test Number : CHFP
Test Name : Certified Healthcare Financial Professional (CHFP)
Vendor Name : Financial
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CHFP test Format | CHFP Course Contents | CHFP Course Outline | CHFP test Syllabus | CHFP test Objectives

Module I - Business of Health Care: Participation and successful end-of-course assessment of the HFMA Business of Health Care® online program offering participants an overview of healthcare finance, risk mitigation, evolving payment models, healthcare accounting and cost analysis, strategic finance, and managing financial resources.

Module II - Operational Excellence: CHFP aspirants must also complete HFMA's Operational Excellence exam, which includes exercises and case studies on the application of business acumen in health care.

Please note HFMA membership is a required aspect for earning and maintaining the CHFP credential.

Paid student members are eligible to register for and to take both modules of the CHFP certification program (included with membership). Student members who successfully complete the CHFP requirements (two modules) will earn their designation upon assuming Professional or Business Partner level member status.

The Big Picture Healthcare environment

- Reform/Current State of US Healthcare
- Transformation Under Reform
- Payment System Overview
- The Role of Financial Management in Health Care Organizations
- Management Roles & Hierarchy
- What Keeps CFOs Up at Night=>

Financial Accounting Concepts Accounting Principles

- Analysis of Financial Statements
- Management Reports
- Accounting Terminology
- Reports for financial analysis

Cost Analysis Principles Cost Management

- Definitions
- Traditional Cost-Finding Methods
- Setting Prices
- Profit analysis

Strategic Financial Issues Basics of Strategic Planning

- Budgeting Concepts
- Variance Analysis
- Revenue & Performance Budgeting
- Controlling Operating Results
- Benchmarking, Productivity, and Cost-Benefit/Cost-Effectiveness
- Analysis

Managing Financial Resources Financing the Healthcare System: Revenue Cycle

- Working capital management
- The Use of Metrics and Data
- Long-Term Financial Resources

Looking to the Future ACA, ACOs & Bundled Payments:
Evolving Reimbursement
The Need for Business Intelligence & Analytics
Population Health Management
Aligning Clinicians and Finance Professionals to Drive Value
Accountable Care Organizations – Payer Cancers
Premium Growth in a Shifting Environment
Denials of coverage
Limitations on profits
Health Insurance Exchanges
Payer consolidations
Unsustainable rates
Payer Differentiation
Rise of Business Process Outsourcing
Consumerism and physicians
Physician –Hospital alignment
Demand for Physician Collegiality
Emerging Ancillary Positions
Physician Burnout
Physician Independence
Physician Shortages (Leakage)
Physicians as Entrepreneurs
Reform and Physician Liability
Physician – Hospital Financial
Hospital Consolidations
Hospital – Physician Alignment
Hospital Facing Bankruptcy
Provider- Payer Consolidations
Physician Engagement and Leadership
Integrated Care Delivery
Physicians Remaining
Accountable Care Organizations
Sustainability of Physician

Module I Concept Guide – It is recommended that you preview this guide prior to working through the online materials. For example, the pages in this guide associated with the Patient Protection and Affordable Care Act (PPACA) may be viewed before working in the first course, Healthcare Finance -- The Big Picture. This preview indicates the key concepts that will be covered and attunes you to areas of professional practice that may be less familiar. Feel free to make notes in this document. By taking the time to customize this guide, you can develop a handy reference tool as you continue your work in health care.

• Module II Concept Guide - It is recommended that candidates preview the key=> concept guide prior to working through this online course. The module is itself an examination with three (3) hours allowed for completion. This preview indicates the key business challenges that will be presented and attunes candidates to areas of professional practice that may be less familiar. The learner guide can then be used to focus additional outside reading and study on unfamiliar issues

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CII presents free examination re-sit to all candidates who failed in July | CHFP Practice Questions and actual Questions

The Chartered insurance Institute is providing free re-sits to all candidates who failed remote checks in July amid a series of technical system faults. 

Advisers and planners sitting remotely invigilated tests with the professional physique had been affected by technology considerations in contemporary months, with FTAdviserfirst revealing programs had gone down last month.  

Candidates dubbed the efficiency an "absolute disgrace" and the examination device fell foul of further technical glitches last week when basically 10 per cent of candidates had been prevented from finishing the verify. 

but the CII has these days (August 27) told FTAdviser it'll offer a free October re-take a seat to all candidates who failed the far flung exams in July, even with whether or not they suggested technical considerations on the time. 

Gill White, learning and evaluation director at the CII, stated: "We realize that the exams didn't meet their requirements and given this and the cases introduced with the aid of Covid-19 this yr, they decided to offer a free resit to all who sat in July and did not move."

Ms White additionally mentioned "to a degree" the outcomes had been adjusted in a bid to make sure fairness in light of the technical challenges. 

Candidates who sat the R06 monetary planning practice, AF1 own tax and have faith planning, AF5 monetary planning procedure and AF7 pension planning assessments remaining month acquired their outcomes the day gone by. 

Of the 1812 candidates who tried to sit these 4 checks, 754 should be provided the chance to re-sit down in October - a fail expense of forty one per cent.

The CII noted despite the technical system defects the effects in comparison "very favourably" to the October sitting at which 2494 candidates sat the same papers and 1316 did not circulate - a fail price of fifty three per cent. 

Ms White introduced: "To deal with all candidates relatively we've taken these considerations into consideration throughout the board to be sure that the last marks are a good reflection of the test and the cases during which it turned into taken.

"we now have completed this by means of positively adjusting consequences in response to business benchmarks for disruptions of this nature."

What do you think about the considerations raised through this story? email us on to let us know.

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