Certification
Benefits of Certification
Becoming certified distinguishes you as a leader and high-level professional in the healthcare finance industry. It reflects a deep personal commitment and sense of accountability that inspires credibility and confidence in your professional knowledge. Through HFMA Certification Programs, you can show your dedication to high industry standards.
BECOME CERTIFIED WITH HFMA CERTIFICATION PROGRAMS TO:
- Validate your skills and knowledge
- Enhance your credibility in the industry
- Support your professional development
- Demonstrate a high level of commitment to the field
Learn more about each of the following HFMA Certifications at www.hfma.org/certification
Questions?
- Email careerservices@hfma.org
- Call (800) 252-4362 and ask for career services.
CERTIFICATION OPTIONS
Certified Revenue Cycle Representative Program (CRCR)
The CRCR program provides the necessary framework to help set standards of performance and build technical expertise across the entire revenue cycle. By becoming certified in the CRCR program, you have the credentials that prove you have achieved a high-level of revenue cycle knowledge and excellence.
Certified Technical Specialist (CTS) Program
The CTS programs help mid-level managers expand their functional skills, knowledge, and prepare for certification programs like the CHFP or FHFMA. Available to HFMA members and non-members. These programs are offered in the following areas: Accounting & Finance, Physician Practice Management and Managed Care.
Certified Healthcare Financial Professional® (CHFP)
*NEW CHFP PROGRAM INFORMATION: www.hfma.org/chfp
The CHFP® is geared toward financial professionals, clinical and nonclinical leaders, and payers – all those positions require a deep understanding of the new financial realities of healthcare. CHFP certification demonstrates your qualifications to senior management, co-workers, and the industry highlighting your commitment to the profession and to maintaining up-to-date skills and knowledge.
Fellow of the Healthcare Financial Management Association® (FHFMA)
Achieving the FHFMA® recognizes your exemplary educational achievement, professional accomplishments and volunteer leadership and service in the healthcare finance industry. By earning the right to include the FHFMA designation among your credentials, you let colleagues and the industry know that you have been welcomed into a leading organization of healthcare finance professionals. Fellowship is open to financial management executives and other healthcare finance professionals.
CHFP Certification New Program Highlights
HFMA’s strategic vision characterizes the current healthcare business environment as the transformation of care to achieve value. Providers, physicians, and payers are all confronted with new business challenges. The nature of the business environment and its impact on industry stakeholders supply both the demand for and elements of a new approach to the CHFP. The necessary success factor for finance professionals today: Change-oriented business acumen.
New CHFP program features
- A learning program designed to build comprehensive industry understanding and sharpen business skills;
- Two-module structure:
- HFMA’s Business of Health Care – Healthcare finance overview, risk mitigation, evolving payment models, healthcare accounting and cost analysis, strategic finance, and managing financial resources.
- HFMA’s Operational Excellence exam – Healthcare Industry Stakeholder’s Business Challenges; exercises and case studies on the application of business acumen in health care.
- CHFP designation earned by successful completion of both modules;
- Online study materials created specifically to assist in mastering the business content;
- Module I and II exams are taken online (no need to travel to an exam site).
Earning the CHFP
The CHFP credential is awarded upon successful completion of Module I end of course assessment and Module II case study exercises and exam. HFMA membership is required for Module II.
CHFP Program Requirements and Costs
The new CHFP program includes two modules.
- Module I of the CHFP program: HFMA’s Business of Health Care program
- $400-Member, $450 Non-Member.
- No prerequisites/requirements.
- Exam comprised of 75 multiple choice questions; 90 minute time allotment for completion of exam.
- YouTube Training Videos
- Module II of the CHFP program: HFMA’s Operational Excellence exam
- $300- Member only.
- There are 2 requirements to purchase this module- HFMA membership (excludes student members) and completion of Module I.
- Exam comprised of 8 directed case studies with 7 questions each; 3 hour time allotment for completion of exam.
- Reference Materials
- Assessing Health Plan Ownership
- Partnering with Payers? Key Lessons to Keep in Mind
- Setting the Right Path and Pace for Integration
- Leveraging Mergers or Affiliations to Achieve Transformation
- ACOs and the Quest to Reduce Costs
- Health Care's New Game Changer: Thinking Like a Health Plan
- Preparing to Succeed in a Retail Healthcare Environment
- The 6 Lenses of Population Health Management
- Aligning with Physicians to Regionalize Services
- Organizing for the "Second Curve": Combining Health Plans and Provider Systems
- How Healthcare Organizations Can Strengthen an Affiliation Without Merging
- 2015 and Beyond: 6 Predictions for Health Care and Population Health
- 9 Steps to Effective Population Health Management
- ACOs: From Unicorns to Pacesetters in Four Years
- Preparing for Bundled Payments in Health Care
- Implementing Value-Based Physician Compensation: Advice from Early Adopters
- Building the Right Physician Platform
- Finding the 'Sweet Spot' in Value-Based Contracts
- Assessing the Value in Transactions Involving Multi-Provider Healthcare Networks
CHFP and FHFMA Certification Holders
Individuals who have earned the CHFP [and Fellowship] prior to 2015 are not affected. Also, the new CHFP and how the program integrates with the Fellowship (existing FHFMA) are not affected. Both programs are on the same “knowledge – competencies “continuum.
For more information, visit www.hfma.orgchfp or contact HFMA career services department at careerservices@hfma.org or (800) 252-4362.
