CHFP Exam Webinar
Coming Soon! Live, Online-Proctored CHFP Exams
New Physician Practice Management CTS Certification
Get Ready for the Certified Healthcare Financial Professional (CHFP) Exam
Join HFMA Friday, Jan. 17 from noon to 2 p.m. (central time), for Get Ready for the Certified Healthcare Financial Professional (CHFP) Exam, a two-hour webinar developed for those interested in preparing to take the Certified Healthcare Financial Professional (CHFP) exam. In this presentation, participants will learn about the format and structure as well as the areas of focus covered in the exam. Participants will also learn tips and techniques to help them develop an effective study plan. Financial statement analysis, one of the most critical areas to understand, will be covered along with a detailed discussion of financial ratios.
Following the webinar, participants will be able to:
- Summarize the six knowledge areas (and relative weights) covered on the exam
- Organize an effective self-study plan to maximize their experience
- Describe the importance of financial analysis and the role of ratios in reviewing financial statements
- Joseph Abel, PhD, HFMA Director of Certification
- Diane Blaha, FHFMA, Past member, HFMA Board of Examiners
- Christoph Stauder, CPA, FHFMA, Stauder Consulting
Prerequisites: Basic knowledge of healthcare finance and budgeting
Pre-work: Selected readings will be supplied prior to the webinar
Coming Soon! Live, Online-Proctored, CHFP Exams
New! Coming in early November 2013, HFMA will be offering secure internet-based test administration for CHFP exam candidates. This new service will be in addition to the internet-based test administration at Castle’s Proctored Test Sites where candidates must schedule in advance and travel to a site. The CHFP exam cost of $395 (CHFP application and exam fee) remains the same for either testing option.
Live, online proctoring will be available 24/7/365 for scheduling and exam delivery, based on the availability of proctors. Candidates can schedule their exam at any hour of the day, any day of the week! Live, online proctoring eliminates the inconvenience of travel time and costs, allows for more flexibility.
Watch for more details on this new feature, as well as the system requirements for Live, Online proctoring.
Physician Practice Management is the Latest Certified Technical Specialist Certification
The latest Certified Technical Specialist Certification, Physician Practice Management, is aimed at accountants, financial analysts, and chief financial officers. Key areas of responsibility are medical practice operations, financial management, payer relations, and staff management in a medium to large medical group practice setting. This setting may be either an independent group practice or an integrated health care delivery system. The course is most appropriate for those individuals with a minimum of two years of experience.
This course discusses the full range of topics and techniques that are central to the effective management of physician practices. The course provides an overview of the revenue cycle, with emphasis on the accounts receivable and collection phases. Managed care payment issues, bad debts and charity accounts and use of collection agencies are among the topics covered. Coding and payment systems, which establish the potential revenue of the physician practice, also are explained. Other topics include fee schedules and relative value systems as well as compliance and rules for teaching physicians.
Information systems are a significant investment and this course describes the process of implementing an information system from the RFP stage to the integration of financial and clinical information.
Budget preparation techniques are presented, along with methods of assessing financial performance, projecting revenue, and evaluating capital projects. The course describes the value of cost accounting and how it is performed. In addition, the course explains methods for evaluating and negotiating payer contracts.
Cost for the course is $400. This is a self-study course. Participants are eligible for 10 hours of CPE credits. Chapters receive education hours for members who complete the course. Certified Technical Specialist certifications do not count toward the CBSC Certification goal.
Publication Date: Wednesday, October 30, 2013