What is HFMA certification?
Get recognized as a valued contributor to your organization’s revenue cycle performance when you earn HFMA’s Certified Revenue Cycle Representative (CRCR) certification. HFMA’s CRCR is the only content available that provides a national-level certification for addressing the contemporary patient-centric revenue cycle.
What does Hfma stand for in healthcare?
The Healthcare Financial Management Association
The Healthcare Financial Management Association (HFMA) helps its members—both individuals and organizations—achieve optimal performance by providing the practical tools and solutions, education, industry analyses, and strategic guidance needed to address the many challenges that exist within the US healthcare system.
How to become a CHFP?
To take the CHFP exams, you must be a current HFMA member. You must successfully complete the Core exam and one specialty exam (Accounting and Finance, Patient Financial Services, Financial Management of Physician Practices, or Managed Care) within a 24-month period.
What is healthcare finance class?
This course covers the role of finance in the healthcare industry, with particular emphasis on the application of novel financing methods to facilitate drug discovery, clinical development, and greater patient access to high-cost therapies.
How long does it take to complete CHFP?
A: HFMA recommends both modules be successfully completed within a 24-month period.
What is the best revenue cycle certification?
Earning an AAHAM certification demonstrates a high level of achievement and distinguishes you as a leader and role model in the revenue cycle industry. The certification validates your proficiency and commitment to your profession and can play an integral role in your career strategy.
What is Fellow of HFMA?
Fellowship is awarded to HFMA members who have demonstrated financial expertise and leadership through the use of personal financial knowledge and skills in voluntary community service.
Is HFMA a non profit?
The nonprofit organization changed its name in 1968 to the Hospital Financial Management Association and in 1982 to its current name, to better reflect changes in the industry. It changed its membership model in 2019 to better serve the needs of healthcare finance professionals.
How long does it take to complete the HFMA certification?
Complete 60 hours* of eligible education activities every three years.
Is the CHFP certification worth it?
64% said earning their Certified Healthcare Financial Professional (CHFP) helped them make more money. 36% said earning their Certified Healthcare Financial Professional (CHFP) helped them get a job. 100% said they would recommend a family member or friend earn their Certified Healthcare Financial Professional (CHFP)
What is healthcare finance?
Healthcare financing refers to the management of funds for these medical resources. When patients cannot pay out-of-pocket medical expenses, healthcare financing works as credit and enables them to receive care.
Why is healthcare finance important?
The primary role of finance in health services organizations is to plan for, acquire, and use resources to maximize the efficiency of the organization. This role is implemented through specific activities such as planning and budgeting. financial effectiveness of current operations and planning for the future.
What are the benefits of being a HFMA member?
HFMA members get unlimited access to certifications as part of their all-access membership across topical areas like revenue cycle, accounting and finance, business intelligence, managed care and physician practice management.
What are the prerequisites for HFMA operational excellence exam?
The HFMA Operational Excellence exam includes exercises and case studies on the application of business acumen in healthcare. Module II Prerequisites: Successful completion of module I and active HFMA membership (paid student, business partner or professional*) is required to enroll in module II.
How do you get a chfp in HFMA?
The CHFP is earned and awarded upon successful completion of two modules. Both modules are included with your HFMA all-access membership subscription. Step 1: Enroll in CHFP Module I – HFMA Business of Health Care ®.
What can I do to improve my healthcare finance skills?
Extend your expertise and leadership by sharing your personal financial knowledge and skills in voluntary professional development activities and services in the healthcare finance industry. Take an online skill assessment to identify your unique strengths and areas of improvement for your current role or one for which you aspire.