Maintenance Requirements for CHFP/FHFMA
HFMA members who have earned either the Certified Healthcare Financial Professional (CHFP) or Fellow of HFMA (FHFMA) designation must maintain their certification by meeting two basic requirements:
- Remain an active HFMA member in good standing
- Complete 60 contact hours* in eligible education programs every three years
*A contact hour is 50 minutes of continuous programming, excluding meals, breaks, or social activities.
Reporting Your Activities
You must show evidence of maintaining your CHFP or FHFMA designation every three years. Your three-year reporting period ends on May 31 of the "good through" year shown in your member record and begins on June 1 three years prior to your "good through" year.
Failure to meet the maintenance requirements by May 31 of the "good through" year will result in removal of your designation on July 15 of the "good through" year. The designation must then be re-earned by successfully completing the required certification exams and meeting the other requirements for certification. Please note that failure to renew your HFMA membership can also lead to removal of your designation.
It is your responsibility to self-report your education activities using the online reporting tool. The only activities that do not need to be self-reported are activities sponsored by HFMA National for which you have received CPE credit.
Access the online reporting tool (available to certified members only; login required).
Download a list of eligible CHFP/FHFMA maintenance activities.
to Maintenance Policy for CHFP/FHFMA - November 2014
HFMA's Certification Department and Board of Examiners continually monitor the certification program to verify that it is following industry standards. After a recent review, the current maintenance grace period policy is being adjusted from 90 days to 45 days.
This grace period gives certified members 45 days to meet the certification maintenance requirements (the new grace period ends on July 15, 2015-previously September 1). The 45 day grace period may be used to bring continuing education record into compliance with the stated maintenance requirements namely, 60 hours of acceptable continuing education across the 36 month (3 years) maintenance cycle. Failure to bring the continuing education record into compliance by the end of the 45-day grace period will result in the loss of certification designations.
Maintenance Requirements for CRCR
To stay abreast of all the changes occurring in healthcare today, you will need to maintain your CRCR certification every two years. The recertification process is straightforward: to re-certify as a CRCR, you must take an exam. This consists of a 75-question online test. The price for the test is $100. Several reminders will be sent to you leading up to your expiration date.
The recertification materials (study guide and examination) are available for purchase 6 months before your expiration date (the expiration date is always 5/31/XX). If you have any CRCR recertification questions please call the HFMA Career Services Department at (800) 252-4362, and press 311.