Why is the Certification Program
Changing?
•
The healthcare reform environment has caused the
industry’s key stakeholders ‐ providers, payers and
physicians ‐ to fundamentally rethink existing business
models.
•
Care transformation is business transformation.
•
The existing certification program focuses narrowly on
applied finance and financial reporting and does not
address the business environment.
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Our Industry
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Business Reality
• Reform Requires Informed Talent
• HFMA role:
- Lead the industry through learning
- Develop careers through learning that makes people
effective with change
- All relevant learning is now available in one place
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Industry Need
Financial professionals who:
• Possess broad understanding of the health care industry
• Demonstrate deep technical skills
• Function productively multidisciplinary teams
• Exert business savvy to lead
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HFMA Response
Pledge
• Provide education focused on building business acumen
• Incorporate HFMA transforming strategic vision:
Multidisciplinary approach to healthcare integrating
physician/payer/provider;
• Connected to Careers
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CHFP Realigned
Strategic Vision
Business Environment :
Provider
Payer
High Value Health Care
Physician
CHFP Structure - 2 Modules
1. The Business of Healthcare
2. Stakeholder Concerns
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Program Comparison
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Certified Healthcare
Financial Professional (CHFP)
Program Features
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CHFP Program Objectives
 Strategic focus
 Focus is on Learning, not demonstrating expertise and
experience
 Relevant to broader industry
 Practical business savvy
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What Career Level is the New CHFP
Certification Program Designed?
•
Professional staff – new to field/early careerist
•
Management – experienced, seeking to advance career
•
Executive – experienced, need to develop staff
•
Those who aspire to be managers, leaders in Healthcare
roles, i.e. clinical, non‐clinical providers, vendors, and
payers.
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CHFP Program
 Available online from HFMA
 2 part structure:
1.
The Business of Healthcare
- Understanding the business environment from a
finance perspective
2. Operational Excellence
- Providers, Physicians and Payee business challenges
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Module I: The Business of Healthcare
6 courses:
1) Healthcare Finance: The Big Picture
2) Financial Accounting concepts
3) Cost Analysis Principles
4) Strategic Financial Management Issues
5) Managing Financial Resources
6) Looking to the Future
End of program assessment
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The Online Program
• Adult learning style
• Fresh new look
• Learner feedback as a learning strategy
• Learn at an individual pace
• Bookmarking
• Resources, tools
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Module II: Operational Excellence
• Providers – Payers – Physicians Stakeholders:
 Business partners
 Business savvy
 Business success
• A case study approach to validating knowledge
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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
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Earning the CHFP
CHFP Awarded:
 Work through both modules and pass both end of
module assessments
 HFMA membership
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New 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 = Member: $700 Member:

Module I - $400 Member, $450 Non-Member

Module II - $300 Member only

No cost to retake exams (must wait 30 days to retake)
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FAQ’s
Q: What is the estimated time commitment for going
through the certification program? Average completion
time?
A: The program is self‐paced so completion time varies.
Candidates can reasonably expect to spend a minimum of 20
hours in preparation.
Q: Is there a time frame to complete Module 2 after
completing Module 1?
A: To earn the CHFP both modules must be successfully
completed within a 24 month period.
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Other FAQ’s
Q: Are free practice exams for the new program available
through HFMA?
A: Yes, there will be sample questions for both modules of the
new CHFP program.
Q: Will there be a mobile app version (for Smartphone’s,
tablets, etc) available for the new program review?
A: No, currently there is not a mobile app version of the new
CHFP eLearning program available.
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Retaining CHFP
•
Maintenance Required
‒ 60 hours in a 3 year maintenance report period
‒ Grace period June 1 through July 15
‒ Retest is an option
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Interested in Becoming Certified?
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All registration is handled online through HFMA national’s
website.
•
More information available at
https://www.hfma.org/Content.aspx?id=511
•
KY Chapter Contact - Cindy Sharp at (502) 213-8976 or
Cindy.Sharp@passporthealthplan.com
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