Healthcare Financial Management Association (HFMA) & Certified Healthcare Financial Professional (CHFP) November 14, 2018 Chapter to add: DATE, PRESENTER NAME AND TITLE HERE Michelle Earich, CphT, President of NEO HFMA Charleen Scott, MBA, CHFP

Healthcare Financial Management Association (HFMA) Membership comprised of 38,000+ U.S. healthcare finance leaders Builds consensus on solutions for challenges facing U.S. healthcare Shares knowledge and best practices among multiple stakeholders Provides education, analysis, tools and solutions for professionals Membership: $0 for students, $105 for faculty, $335 for most others Benefits: HFM Magazine, local chapter membership, newsletters, career center, live/on-demand webinars, certification opportunities hfma.org

HFMA Certification Programs Certified Healthcare Financial Professional (CHFP) Certified Revenue Cycle Representative (CRCR) Certified Inpatient Coding Auditor (CICA) Specialist Programs Certified Specialist Physician Practice Management (CSPPM) Certified Specialist Accounting & Finance (CSAF) Certified Specialist Business Intelligence (CSBI) Certified Specialist Managed Care (CSMC) -CHFP program cost is $599 -CICA program cost is $300 -All others are $400 *CHFP is the most well rounded program certification to demonstrate an understanding of all financial disciplines.

Certified Healthcare Financial Professional (CHFP) The Business of Health Care Operational Excellence: Pursuing Strategy The Big Picture Accounting Principles Cost Accounting Principles Managing Financial Resources Strategic Financial Planning Looking to the Future: Trends Working with the Stakeholders: Payers Physicians and others Providers Patients The CHFP program is structured in two (2) modules: HFMA’s Business of Health Care and Operational Excellence: Pursuing Strategy. Module I consists of six courses-listed here; module two contains a series of randomize case studies examine payer, physician and provider business issues. 2 part structure: The Business of Health Care - Understanding the business environment from a finance perspective Operational Excellence - Providers, Physicians and Payee business challenges

CHFP: Program Objectives Strategic focus Focus is on Learning, not demonstrating expertise and experience Relevant to broader industry Practical business savvy Purpose of the CHFP Program: learning, not demonstrating experience and expertise

CHFP: In Case You Hadn’t Heard Excellent program! Course material was excellent – provides powerful guidance about the Business of Health Care Great Content Overall Love the use of case studies to validate the content Very well organized and informative HFMA CHFP certification was revised in 2015 to reflect the health care reform environment. Intent shifted from using certification to ratify experience and verify expertise to learning. Focus shifted from applied finance with emphasis on financial reporting to dynamics involved in a value-based payment environment. Objective of the change: having people understand the context that produces the number rather than the number alone by itself. The revised CHFP has enjoyed strong reviews from candidates.

CHFP: Value In Your Career Credibility in the Marketplace (recognition) Enhances professional reputation Supports continued professional development Demonstrates a certain level of knowledge and skill Demonstrates a high level of commitment to the field of practice Credibility (in the Marketplace) - Recognition by a third party (list credential on business cards, email signature) Enhances professional reputation (including career advancement and/or increased earnings) Supports continued professional development Demonstrates a certain level of knowledge and skill Demonstrates a high level of commitment to the field of practice Practically –how does the CHFP benefit you and your career? The CHFP will help you be developing your fiscal literacy – the understanding of how money works and is managed and it will help you make sound business judgments by examining the business environment in which you will apply that fiscal literacy. The CHFP provides a method for focusing on what’s truly important and aligning to that. When that alignment occurs, you transition into a value driver. Further, you will know why and how you operate as a value driver and can help others to do the same.

CHFP: Content Outline Module I: The Business of Healthcare Healthcare Finance: The Big Picture Financial Accounting Concepts Cost Analysis Principles Strategic Financial Issues Managing Financial Resources Looking to the Future Here is a high level outline of the content of the first module. A few items to note: The focus is on understanding the business environment from a finance perspective. Our profession's financial skills are situated into a broad perspective aimed at developing business acumen; The broader perspective is the business realities for payers and physicians as well as providers A fundamental business assumption in building the content: CHFPs will have to work in a collaborative, multidisciplinary workplace resulting from the transformation of care. Preparing for exam drives individuals to learn more about other financial disciplines outside of their particular comfort zone; financial performance is driven off of reimbursement-it’s important to understand implications of changes in the payer landscape

CHFP: Content Outline Module II: Operational Excellence Direct Question Case Study Content area: Current Provider, Payer & Physician business challenges Focus: Application of Module I concepts Awareness of issues Ability to synthesize learnings - application Understanding environment factors Display range of knowledge Outline for module II – Operational Excellence – payer, physician and provider business concerns. Utilizes case studies to present candidates the opportunity to see real-world business situations and test their ability to apply the learning gained in Module I. This module encourages multi-disciplinary thinking and appreciation of other professional’s business concerns.

CHFP: Tips for Learning Concept Guide Identifies key concepts, terms and applications that you must know for the end-of-module examination USE IT! The Concept Guides are available in the eLearning course materials as part of the purchase price. Module I - The Business of Health Care is designed as an online learning experience. Each course is designed to assist you in learning at your own pace. There are brief knowledge demonstration exercises through each course as well as a quiz to conclude each course. Additionally, once you have completed all courses, there is a comprehensive examination to validate your knowledge. In addition, there is a Concept Guide that can be used as a study guide as you review each course. The guide includes answers to the learning exercises. Module II – Operational Excellence This preview (guide) indicates the key business challenges that will be presented and attunes candidates to areas of professional practice that may be less familiar. The concept guide can then be used to focus additional outside reading and study on unfamiliar issues. Both Modules focus learing on the changing landscape in reimbursement and provokes thought on the impact to the healthcare industry

CHFP: Requirements Study and Pass Exams Module 1 Exam: 75 multiple choice questions (90 minutes) Module 2 Exam: 8 case studies with 6 questions/each (3 hours) Maintain Continuing Professional Education 60 hours in a 3 year maintenance reporting period (or retake test) Cost $599 for members ($749 for non-members; includes membership) The CHFP- Certified Healthcare Financial Professional - is awarded upon the successful completion of both modules’ examinations as noted here. The examinations are part of the online course and may be taken in a office or at home. Both examinations are 4 part multiple choice question format. There is a 30 day waiting period to retake the exam if necessary. The exam may be taken as many times as needed to successfully complete the program (within the 12 month access period).

Add “CHFP” after your name CHFP: Begin Now! Add “CHFP” after your name Demonstrate your know how to drive value in the current value-based health care environment: Earn the CHFP

Additional Resources Online Frequently Asked Questions (FAQ) National Website: www.hfma.org National Resources: careerservices@hfma.org or call (800) 252-4362 Local Website: www.neohfma.org Local Resources: Char Scott: cscott3@metrohealth.org (for more information regarding CHFP) Tom Henderson: hendert6@ccf.org (for more information regarding CHFP) Barb French: Barbara.French@Uhhospitals.org (for membership information) Michelle Earich: Mearich@wellingtongroup.biz (NEO Chapter President) 3 year cycle 6/1 thru 5/31 The grace period is for reporting activities- not earning them. Retest for maintenance requires taking both modules over to earn the CHFP and be reinstated.