1. The Certified Healthcare Financial Professional (CHFP) Program
Chapter to add: DATE, PRESENTER NAME AND TITLE HERE

2. 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.

3. You Probably Don’t Know
Overall satisfaction
54% Excellent
41% Above Average
Program met objectives
49% Excellent
47% Above Average
The response to the program indicates that the CHFP is providing the necessary foundations for success as a finance leader.
The CHFP offers a multidisciplinary approach to health finance, addressing the business issues of the industry stakeholder groups: payers, physicians and providers.
HFMA is striving with the CHFP program to lead the industry be assisting health care finance professionals to develop fiscal literary and sound business judgment .
Successful CHFP candidates have continually noted how the program helped then to “Connect the Dots”.

4. CHFP – Driving 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, 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 words 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.

5. The 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

6. 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

7. 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.

8. CHFP Content Outline Module II: Operational Excellence
“Direct Question” Case Study
Content area: Contemporary Provider, Payer and 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.

9. 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.

10. Earning the CHFP
Successfully complete the End of Module 1 Examination
75 multiple choices questions to be completed in 90 minutes
And
Successfully complete Module 2 Examination
Handle 8 case studies, each with 7 multiple choice questions
56 questions to be completed in 3 hours
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).

11. CHFP Program Registration
Access CHFP registration via the HFMA website
CHFP Modules hosted via the HFMA LMS
CHFP course access through your HFMA eLearning account
Costs - Total = $700 Member:
Module I - $400 Member, $545 Non-Member (includes membership)
Module II - $300 Member only
HFMA Regular Membership is required to take Module II and to hold the designation. Student Membership is not acceptable.
LMS= Learning Management System (HFMA’s online learning portal)

12. Retaining CHFP Maintenance Required
60 hours in a 3 year maintenance reporting period
Grace period June 1 through July 15
Retest is an option
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.

13. your name Add the CHFP after Why Not Begin Now?
Demonstrate your know how to drive value in the current value-based health care environment: Earn the CHFP

14. Resources Available Resources Online FAQ’S
Sample Questions/Case Studies
HFMA National Website
Local Chapter Website
HFMA National Career Services Department
or call (800) and ask for Career Services
Online FAQ’S
Sample questions: Please note that the samples provided are examples of the types of questions in HFMA’s Operational Excellence and Business of Health Care exams - Not all of the content of the courses is covered within these sample questions and the samples provided are not a predictor of success for the two exams. The documents can be found on the Operational Excellence and Business of Health Care website pages.
HFMA National Website -
Local Chapter Website
HFMA National Career Services Department for further assistance and any questions: or call (800) and ask for Career Services

15. Questions and Discussion
Q & A
Questions and Discussion