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Certified Healthcare Financial Professional (CHFP)

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Test Number : CHFP
Test Name : Certified Healthcare Financial Professional (CHFP)
Vendor Name : Financial
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CHFP test Format | CHFP Course Contents | CHFP Course Outline | CHFP test Syllabus | CHFP test Objectives


Module I - Business of Health Care: Participation and successful end-of-course assessment of the HFMA Business of Health Care� online program offering participants an overview of healthcare finance, risk mitigation, evolving payment models, healthcare accounting and cost analysis, strategic finance, and managing financial resources.

Module II - Operational Excellence: CHFP aspirants must also complete HFMA's Operational Excellence exam, which includes exercises and case studies on the application of business acumen in health care.

Please note HFMA membership is a required aspect for earning and maintaining the CHFP credential.

Paid student members are eligible to register for and to take both modules of the CHFP certification program (included with membership). Student members who successfully complete the CHFP requirements (two modules) will earn their designation upon assuming Professional or Business Partner level member status.

The Big Picture Healthcare environment

- Reform/Current State of US Healthcare
- Transformation Under Reform
- Payment System Overview
- The Role of Financial Management in Health Care Organizations
- Management Roles & Hierarchy
- What Keeps CFOs Up at Night=>

Financial Accounting Concepts Accounting Principles

- Analysis of Financial Statements
- Management Reports
- Accounting Terminology
- Reports for financial analysis

Cost Analysis Principles Cost Management

- Definitions
- Traditional Cost-Finding Methods
- Setting Prices
- Profit analysis

Strategic Financial Issues Basics of Strategic Planning

- Budgeting Concepts
- Variance Analysis
- Revenue & Performance Budgeting
- Controlling Operating Results
- Benchmarking, Productivity, and Cost-Benefit/Cost-Effectiveness
- Analysis

Managing Financial Resources Financing the Healthcare System: Revenue Cycle

- Working capital management
- The Use of Metrics and Data
- Long-Term Financial Resources

Looking to the Future ACA, ACOs & Bundled Payments:
Evolving Reimbursement
The Need for Business Intelligence & Analytics
Population Health Management
Aligning Clinicians and Finance Professionals to Drive Value
Accountable Care Organizations � Payer Cancers
Premium Growth in a Shifting Environment
Denials of coverage
Limitations on profits
Health Insurance Exchanges
Payer consolidations
Unsustainable rates
Payer Differentiation
Rise of Business Process Outsourcing
Consumerism and physicians
Physician �Hospital alignment
Demand for Physician Collegiality
Emerging Ancillary Positions
Physician Burnout
Physician Independence
Physician Shortages (Leakage)
Physicians as Entrepreneurs
Reform and Physician Liability
Physician � Hospital Financial
Relationships
Hospital Consolidations
Hospital � Physician Alignment
Hospital Facing Bankruptcy
Provider- Payer Consolidations
Physician Engagement and Leadership
Integrated Care Delivery
Physicians Remaining
Independent
Accountable Care Organizations
Sustainability of Physician
Employment

Module I Concept Guide � It is recommended that you preview this guide prior to working through the online materials. For example, the pages in this guide associated with the Patient Protection and Affordable Care Act (PPACA) may be viewed before working in the first course, Healthcare Finance -- The Big Picture. This preview indicates the key concepts that will be covered and attunes you to areas of professional practice that may be less familiar. Feel free to make notes in this document. By taking the time to customize this guide, you can develop a handy reference tool as you continue your work in health care.

� Module II Concept Guide - It is recommended that candidates preview the key=> concept guide prior to working through this online course. The module is itself an examination with three (3) hours allowed for completion. This preview indicates the key business challenges that will be presented and attunes candidates to areas of professional practice that may be less familiar. The learner guide can then be used to focus additional outside memorizing and study on unfamiliar issues



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Financial outline

Federal executive to define support for municipalities hit difficult by using pandemic | CHFP PDF Braindumps and Practice Test

Municipalities are dealing with income gaps partly on account of a sharp decline in transit ridership. (CBC)

The federal executive is accelerating the delivery of infrastructure cash to help struggling municipalities taking a monetary hit from COVID-19 — however mayors say they need a whole lot greater to evade mass layoffs, property tax hikes and service cuts.

prime Minister Justin Trudeau noted the $2.2 billion in annual infrastructure funding for communities, paid out of the gas tax fund, will be delivered in a single payment in June. That offers municipalities earlier entry to prior to now allotted cash.

"this is a delivery," he said.

Trudeau pointed out the federal govt will work with the provinces, which have jurisdiction over municipalities, to supply greater emergency aid.

"The reality is they deserve to do greater, and they are able to do greater," he observed.

Communities could have the flexibleness to use the funds for capital initiatives that meet local needs, reminiscent of growth of high-speed internet networks, advancements to water and street methods and construction of new bike and walking paths.

Watch: Trudeau on fiscal aid for municipalities

prime Minister Justin Trudeau says $2.2 billion in annual infrastructure funding could be speedy-tracked to municipalities hit tough by means of COVID-19 pandemic. He calls the early funding a delivery and says that the government will do extra. 1:38

but mayors say their cash-strapped cities want operating cash immediately to offset earnings losses from falling transit and service expenses.

Vancouver Mayor Kennedy Stewart noted his city already has needed to lay off 1,800 people and is projecting losses of $300 million this yr.

'Welcome first step'

He referred to as modern-day announcement a "welcome first step," but warned that cities need operational funds to get the capital tasks off the floor.

"The complete national economic system runs via cities," he talked about in an interview with the CBC's Rosemary Barton. "If they would not have the team of workers to approve enables, to do building inspections, to get the engineers and the construction groups going, then the complete economic system creeps to a stall."

Winnipeg Mayor Brian Bowman observed cities can't run deficits because they're restrained via balanced funds legislations. He referred to officials face "primary selections" between elevating taxes and reducing features.

"These other two stages of governments need to coordinate in a means this is extraordinary and rises to the occasion and the need at this time in a deadly disease," he instructed Barton.

The Federation of Canadian Municipalities (FCM) has mentioned local governments are dealing with a short-time period financial hole of $10-15 billion because of a sharp decline in transit fares and user fees and deferred property taxes.

The FCM has pressed the govt for $10 billion in emergency operating funding, with allocations to be according to population and transit ridership.

FCM president bill Karsten stated stated the "modest, preliminary step" announced these days does not doesn't tackle the stark choices municipalities face, but he's encouraged by using Trudeau's promise to come forward with greater helps.

"Municipalities nonetheless need at the least $10 billion in emergency operating funding to preserve frontline capabilities going effective, and to be able to drive Canada's healing," he observed.

NDP: Too little, too late

The NDP's critic for infrastructure and communities Taylor Bachrach noted the executive need to do extra to help municipalities avoid deep cuts to the services on which Canadians depend.

"it's first rate to listen to the government eventually renowned it has a accountability to help municipalities through this disaster but modern day announcement has been sluggish to reach ... too sluggish for the heaps of municipal laborers already laid off," he mentioned in an email.

"now not most effective is the quantity insufficient to handle the financial disaster Canada's cities face, brand new announcement is with ease an enhance on cash municipalities are already scheduled to obtain for capital tasks. What municipalities need most, and had been calling for, is assist with operating shortfalls."

Cities are also dealing with income shortfalls related to tourism. Ottawa, as an instance, could lose out on about $1.4 billion due to the cancellation of fairs, conferences and other pursuits.

On Sunday, the executive introduced hundreds of thousands of dollars in new funding to promote domestic go back and forth and tourism.

Watch: Andrew Scheer on federal aid for municipalities

Conservative leader Andrew Scheer is waiting to hear how the federal government will assist struggling municipalities right through the COVID-19 pandemic, however says it has a "horrific checklist" on infrastructure tasks. 0:44

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