Certified Specialist Accounting & Finance Recertification
The CSAF recertification program is recommended for active, eligible HFMA CSAF certificants with an upcoming maintenance due date of October 1, 2020*. Not sure when your CSAF expiration date is? Sign in, click your profile image in the upper right corner, select My Development, and then click on the Certifications tab near the center of the page. You'll see your certifications along with their expiration date.
- Financial Planning and Budgeting
- Financial Reporting: Liabilities and Long-Term Debt
- Financial Reporting: Relationships and Procedures
- Financial Reporting: Revenue and Assets
- Accounting Oversight and Internal Control
Budgeting and Forecasting
This course introduces budgetary control and explains the principles of strategic planning. It also describes the components of a business plan, explains the types of control budgets, lists the types of budgeting techniques, and explains budget variables. The course describes reporting functions, including responsibility reporting and offers details about types of cost behaviors. It introduces ratio analysis and discusses the four broad categories of ratio analysis.
Operational Excellence Exam - Module II of CHFP
Demonstrate a deep understanding of healthcare finance when you earn HFMA's flagship certification, the Certified Healthcare Financial Professional (CHFP).
Dive into the new financial realities of health care and come up with a better business skill set, new ideas on financial strategy, and insights into future trends. Earning this certification indicates a level of knowledge and expertise across four essential pillars:
- Business acumen
- Financial strategy
- Understanding future trends
Once you complete the Operational Excellence exam, you will have the knowledge to work more effectively toward the shared goal of improving patient health.
Available online, 24/7, this key concepts guide, assessment, certification maintenance, and digital badging related costs are all included in HFMA membership.
"The Certified Healthcare Financial Professional credential was the missing piece in my extensive healthcare background. Being certified has broadened my possibilities in controlling my future or career path." - Isabelle M. Guembou, LEAN 6 Sigma Executive, Organizational Improvement and Planning
The intent of Module II of the CHFP is for you to exhibit your mastery of the information learned in Module I, HFMA's Business of Health Care. In the Operational Excellence exam, you will apply that learning through your careful responses to case study challenges that comprise the exam. The Module II concepts guide is provided as an instructional document is to assist certification candidates in earning the Certified Healthcare Financial Professional (CHFP) designation by identifying the primary business challenges faced by providers, physicians, and payers today.
The Operational Excellence exam is a 56-question case-study based exam. You are presented with 8 case studies and 7 questions for each. The passing score is 65%. If you do not pass on the first attempt, there is a mandatory 30-day waiting period. You'll have access to the exam summary and key concepts guide while you wait for your next attempt. The exam summary will show you how you did on the questions from each case study.
HFMA Business of Health Care (for CME)
Understand how your decisions impact the delivery of quality care with HFMA's Business of Health Care online program.
No matter your role in healthcare, this online program is designed to provide essential context around the business fundamentals of pricing, cost, revenue, payment, and delivery models.
Once you have completed this online program, you will have the knowledge to work more effectively toward the shared goal of improving patient health.
Available online, 24/7, and at no additional cost when you are a member of HFMA.
The Big Picture
Financial Accounting Concepts
Cost Analysis Principles
Strategic Financial Issues
Managing Financial Resources
Looking to the Future
The online course is hosted by Healthcare Financial Management Association and the assessment is hosted by Postgraduate Institute for Medicine. Instructions for accessing the assessment are at the end of the online program. The assessment has 75 multiple choice questions and you have 90 minutes to complete it in one sitting. The passing score is 70%.
Title: HFMA Business of Health Care®
Original Release Date: 3/1/2016
Renewal Date: 4/1/2020
Expiration Date: 4/20/2021
You have access to this course for 18 months from purchase date
HFMA Business of Health Care online study materials PIM cost: $399
Estimated time to complete activity: 14 hours
Click here for the Postgraduate Institute for Medicine details.
For CME/CE questions, contact Postgraduate Institute for Medicine at www.pimed.com