Cost:

Free for HFMA Members
$399 for Non-members

Audience:

Hospitals and Other Providers
Business Partners

Career level:

Experienced Professional
Mid-Senior

Recommended for:

Financial Planning
Treasury
Budgeting
Accounting
Auditing
Cost Containment

Delivery Method:

QAS Self Study

Advance Preparation:

General knowledge and familiarity with cost accounting principles, budgeting concepts, cash management, financial reports, and internal control concepts

Field of Study:

Accounting: 3.5 hours
Finance: 10.5 hours

Prerequisites:

Two or more years in health care is recommended

Course Availability:

18 Months

On Demand Webinar | Overview | Accounting and Financial Reporting
Most healthcare provider organizations perform patient accounting transactions and general accounting transactions in separate systems. Even though recent advances in technology have increased the opportunity to collect patient level activi...
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Live Webinar | Accounting and Financial Reporting
<div>Sponsored By <a title="" href="https://www.infor.com/" target="_blank">Infor</a><br><br>Most healthcare provider organizations perform patient accounting transactions and general financial accounting transactions in separate systems. E...
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Certification | Overview | Accounting and Financial Reporting
The CSAF recertification program is recommended for active, eligible HFMA CSAF certificants with an upcoming maintenance due date of May 31, 2020. Not sure when your CSAF expiration date is? Sign in, click your profile image in the upper ri...
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Podcast | Accounting and Financial Reporting
In this episode sponsored by Strata Decision Technology, CEO Dan Michelson talks about the future of value-based care and the joint effort between HFMA and Strata to introduce the industry's first cost accounting adoption model.
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Fact Sheet | Accounting and Financial Reporting
This document provides an overview of the CMS requirement that Medicare/Medicaid crossover balances be recorded as bad debt expense.
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Certification | Intermediate | Accounting and Financial Reporting

Certified Specialist Accounting and Finance (CSAF)

Certification | Intermediate | Accounting and Financial Reporting

Certified Specialist Accounting and Finance (CSAF)

Description

Get recognized as a valued contributor to your organization's financial performance when you earn HFMA's Certified Specialist Accounting and Finance (CSAF) certification.

Those who earn this certification have demonstrated mastery in reading and analyzing financial reports and statement, risk-sharing arrangements, managed care contracts, and profitability ratios.

Available online, 24/7, this certification, online program, certification maintenance, and digital badging related costs are all included in HFMA membership.

Course Outline:
Cost Analysis and Management
Reimbursement and Managed Care
Financial Planning and Budgeting
Capital Planning and Financing
Investments and Cash Management
Accounting Oversight and Internal Control
Financial Reporting: Liabilities and Long-Term Debt
Financial Reporting: Relationships and Procedures
Medicare and Medicaid Reimbursement Systems
Fraudulent Acts and Other Compliance Risks
Malpractice Insurance and Risk Management
Financial Reporting: Revenue and Assets

Assessment information:
The online program includes the course modules listed above and a certification assessment. The assessment has 75 multiple choice questions and you have 90 minutes to complete it in one sitting. The passing score is 70%. If you do not pass the assessment on the first attempt, there is a mandatory 30-day waiting period. You'll have access to the exam summary and the course modules while you wait for your next attempt. The exam summary will show you how you did on the questions from each course module of the online program.

Estimated course completion time: 12-14 hours

If you need to recertify, please click here.

Note: If you are an HFMA member and currently registered for this program and need additional time because it is expired or expiring soon, please email elearning@hfma.org to request an extension.
After this program, you'll be able to..
  • Compare various types of budgets
  • Identify types of cost behaviors
  • Recognize the types of risk-sharing arrangements in managed care contracts
  • Identify capital investment evaluation techniques
Online program last updated: 5/24/2018

Related Courses | Accounting and Financial Reporting

On Demand Webinar | Overview | Accounting and Financial Reporting

How to connect financial results with clinical outcomes

Most healthcare provider organizations perform patient accounting transactions and general accounting transactions in separate systems. Even though recent advances in technology have increased the opportunity to collect patient level activity data at the time of resource utilization, Enterprise Resource Planning (ERP) applications have traditionally focused more on resource procurement and maintenance, than resource utilization. For reason this reason, it continues to be difficult to accurately connect financial results with clinical outcomes.

This webinar will discuss how healthcare organizations can better leverage data about patient activities and resource utilization to overcome the challenge of connecting financial results to clinical outcomes.

On Demand Webinar | Basic | Revenue Cycle

Managing financial complexity: Synchronizing revenue cycle and finance teams

Healthcare finance teams face many unique challenges that can slow down processes and negatively impact the patient satisfaction. Provider consolidation, new reimbursement models, and rising consumerism and technology changes can make insurance and patient payment processes time consuming, expensive and prone to error. This webinar will examine new strategies providers are simplifying processes, reducing costs, and building stronger collaboration between the revenue cycle and finance teams. Hear how these strategies can help your organization decrease cost to collect, reduce AR days, improve working capital, and enhance the patient payment experience.

Original live webinar date: 11/20/19

On Demand Webinar | Basic | hfma:content/topic/strategic_partnershipsmergersandacquistions

Getting the full value out of your transaction/acquisition plan

As the health care industry continues to consolidate, health system leaders are facing increasing pressure to aggressively acquire scale. With opportunities including acquisition or divestiture of individual hospitals, health systems, and physician practices, the M&A landscape has become even more complex. Additionally, shrinking margins and changing payment mechanisms also put greater pressure on realizing the expected value of a transaction through strategic, operational, and financial alignment.

This webinar will explain strategies for achieving the full value of your transaction by exploring frameworks and case studies for developing transaction value and defining strategic intent; conducting value focused diligence across 6-8 high value areas; and transitioning from deal planning and execution to integration planning and implementation.

We will present approaches to develop a replicable playbook that addresses that continuum, from due diligence and deal structure, Day 1 Readiness planning, and post-merger integration approaches. In addition to sharing some tested methodologies to enable achievement of the strategic and operational premise of any transaction, we will also share lessons learned from more challenging, and even failed transactions.

Original live webinar date: 11/19/19

Certification | Overview | Accounting and Financial Reporting

Certified Specialist Accounting & Finance Recertification

The CSAF recertification program is recommended for active, eligible HFMA CSAF certificants with an upcoming maintenance due date of May 31, 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.


HFMA requires that eligible CSAF certificants gain continuing competence in the accounting and finance arena by taking a short assessment every two years. This program provides healthcare organizations with a means to ensure that their staff has the body of knowledge necessary to meet their demands. 

CSAF recertification course outline:
  • 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
Assessment information:
This online program includes the above recertification courses and a recertification assessment. The assessment has 50 multiple choice questions and you have 90 minutes to complete it in one sitting. The passing score is 70%. If you do not pass on the first attempt, there is a mandatory 30-day waiting period. Please keep this in mind, as the deadline to complete the recertification assessment (to maintain your certification) is May 31, 2020.