Healthcare Financial Management Association HFMA amp Certified Healthcare Financial Professional CHFP November 14 2018 Michelle Earich CphT President of NEO HFMA Charleen Scott MBA CHFP Healthcare Financial Management Association HFMA ID: 772390
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Healthcare Financial Management Association (HFMA)& Certified Healthcare Financial Professional (CHFP) November 14, 2018 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 leadersBuilds consensus on solutions for challenges facing U.S. healthcareShares knowledge and best practices among multiple stakeholdersProvides 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)
Certified Healthcare Financial Professional (CHFP) The Business of Health Care Operational Excellence: Pursuing Strategy The Big Picture Accounting Principles Cost Accounting PrinciplesManaging Financial ResourcesStrategic Financial PlanningLooking to the Future: TrendsWorking with the Stakeholders: PayersPhysicians and othersProvidersPatients
CHFP: Program Objectives Strategic focusFocus is on Learning, not demonstrating expertise and experienceRelevant to broader industryPractical business savvy
CHFP: In Case You Hadn’t Heard Excellent program!Course material was excellent – provides powerful guidance about the Business of Health CareGreat Content Overall Love the use of case studies to validate the content Very well organized and informative
CHFP: Value In Your Career Credibility in the Marketplace (recognition)Enhances professional reputation Supports continued professional developmentDemonstrates a certain level of knowledge and skill Demonstrates a high level of commitment to the field of practice
CHFP: Content Outline Module I: The Business of HealthcareHealthcare Finance: The Big Picture Financial Accounting Concepts Cost Analysis Principles Strategic Financial Issues Managing Financial Resources Looking to the Future
CHFP: Content Outline Module II: Operational ExcellenceDirect Question Case StudyContent 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
CHFP: Tips for Learning Concept GuideIdentifies key concepts, terms and applications that you must know for the end-of-module examinationUSE IT!
CHFP: Requirements Study and Pass ExamsModule 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)
CHFP: Begin Now! Add “CHFP” after your name
Additional Resources Online Frequently Asked Questions (FAQ)National Website: www.hfma.org National Resources: careerservices@hfma.org or call (800) 252-4362Local 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)