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CHFP:HFMA Certified Healthcare Financial Professional

Author: Delia R. Johnson
by Delia R. Johnson
Posted: Jan 14, 2015

The Person, world will look for:

CHFP is a CHFP Certification Course offered by the Healthcare Financial Management Association, It is an association who works for healthcare financial managers and is located in Illinois, United States. It has currently 40000 members which include all the financial executives like CFOs, Accountants and financial controllers, etc. It is an organization of high credibility and it has a huge reach all over the world. Its certification courses are very effective when it comes to accounting and finance. It enables any professional to be more efficient in their normal day to day financial tasks.

Certification Details:

This particular CHFP Certifications Guides is not for any person new to the field, it is designed in such a way that it suit candidates who have the professional working experience in the field of healthcare financial management, so it is the first requirement for this CHFP Preparation Material that a person must have 3 to 5 years healthcare financial experience in hand, because all the exam contents are related to the practices one is following professionally in the field. Since this certification is provided by HFMA, therefore it is a pre-requisite that candidate must have an active membership of HFMA. Third requirement would be passing the CHFP examination. This certification is recognized globally and can open up opportunities for the healthcare financial managers in this sector.

Topics included in CHFP Examination:

This CHFP Examination would test the basic as well as advanced knowledge of accountants and would be comprised of the topics like financial reporting, budgeting and forecasting, revenue cycle, contracting, disbursements, internal controls, etc. It is an ideal certification for any accountant or finance manager currently working in the finance department of any health care institution. After passing this certification exam one can use this designation after his/her name.

Registration and Exam Information:

  • Registration for this certification is handled by Castle Worldwide.
  • Fee associated with this exam is $395,which includes all the registrations, exam and application.
  • However, if you fail to pass the test in first attempt then second attempt would cost the candidate $200.
  • There are two options available for candidates to choose from, either they could opt for the live online test or can appear on test centers for the examination.
  • Test duration would be 4 hours.
  • There would be no theoretical practices involved in the test, but rather it would be an MCQ based exam.
  • There would be no programming enabled calculator allowed, only calculator with simple functions is allowed.

Preparing CHFP Exam:

This is a CHFP Exams which is primarily based on the professional experience of the candidate, but it does not mean that the candidate does not prepare for it, It is very important to prepare before this exam through a reliable source or there are high chances of failing. CHFP Online Exam Guide in PDF format can be purchased from the official HFMA website for $195 which includes all the sample questions and answers. Other means of preparation could be web sourced.

Conclusion:

In the concluding part it can be said that this exam is very beneficial for the finance and accounting professionals and can add a huge value on the resumes of such candidates, Also can open new ways of success in the future.

DirectCertify is a Popular Seller of Downloadable Study Guides for Chfp Drill Kits and HFMA-Certifications Guides.

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Author: Delia R. Johnson

Delia R. Johnson

Member since: Jan 08, 2015
Published articles: 135

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