HFMA CHFP Exam Topics

HFMA CHFP Exam Overview :

Exam Name:	Certified Healthcare Financial Professional
Exam Code:	CHFP
Certifications:	HFMA CHFP Certification
Actual Exam Duration:	120 minutes
Expected no. of Questions in Actual Exam:	90
See Expected Questions:	HFMA CHFP Expected Questions in Actual Exam

HFMA CHFP Exam Objectives :

Section	Objectives
The Business of Healthcare	This module provides an overview of the US healthcare system, reform efforts, and the financial management role within healthcare organizations. Candidates will be assessed on their understanding of the hierarchy of management roles and their impact on financial decision-making.
The Big Picture of Healthcare	This section sets the foundation by covering the current state of the US healthcare system, payment systems, and reform initiatives. It provides context for the financial management role within healthcare organizations and how it interacts with other departments.
Accounting Principles and Financial Statements	Here, candidates delve into fundamental accounting concepts, including analysis of financial statements, management reports, and cost analysis principles. They will be tested on their knowledge of accounting terminology and how it applies to healthcare organizations.
Cost Management and Strategic Financial Issues	This section focuses on cost-finding methods, price setting, and profit analysis. Candidates will explore revenue and performance budgeting, variance analysis, and strategies for controlling operating results. It equips them with tools to make informed financial decisions.
Basics of Strategic Planning and Budgeting	This part of the module shifts the focus to strategic planning. Candidates will learn about budgeting concepts, performance measurement, and how these tools assist healthcare organizations in achieving their financial goals.
Revenue Cycle and Working Capital Management	The revenue cycle is a critical aspect of healthcare financial management. Candidates will explore its impact on cash flow, working capital management, and the role of metrics and data in making informed decisions.
Evolving Reimbursement and the Need for Analytics	As the healthcare industry evolves, so does the reimbursement landscape. This section covers the Affordable Care Act, accountable care organizations (ACOs), and bundled payments. Candidates will be assessed on their understanding of these topics and the growing need for business intelligence and analytics.
Population Health Management and Aligning Clinicians and Finance Professionals	This section highlights the importance of aligning clinical and financial perspectives to drive value-based care. Candidates will explore how collaboration between these two areas can lead to improved healthcare outcomes and enhanced patient experiences. It showcases the interdisciplinary nature of healthcare financial management.
Official Information	https://www.hfma.org/certified-healthcare-financial-professional/

Updates in the HFMA CHFP Exam Topics:

HFMA CHFP exam questions and practice test are the best ways to get fully prepared. Study4exam's trusted preparation material consists of both practice questions and practice test. To pass the actual Certified Healthcare Financial Professional CHFP exam on the first attempt, you need to put in hard work on these questions as they cover all updated HFMA CHFP exam topics included in the official syllabus. Besides studying actual questions, you should take the HFMA CHFP practice test for self-assessment and actual exam simulation. Revise actual exam questions and remove your mistakes with the Certified Healthcare Financial Professional CHFP exam practice test. Online and Windows-based formats of the CHFP exam practice test are available for self-assessment.

Limited Time Offer

50%

Off

Get Premium CHFP Questions as Interactive Practice Test or PDF