Full Answer
What is HFMA?
HFMA helps healthcare financial management professionals and their organizations succeed.
Should I pursue an HFMA certification?
The answer to all these questions is – ‘Pursue an HFMA certification!’ I can attest firsthand to the positive impact an HFMA certification can have on your career – and hope to convince you to pursue a certification in the near future! Introduction: My name is Jackie Lucas, I’ve been a member of HFMA for over 6 years.
What are the requirements for fhfma® certification?
Requirements for FHFMA® certification include: Hold the Certified Healthcare Financial Professional (CHFP) designation Minimum five (5) years professional membership in HFMA (student membership does not count toward this total) Evidence of bachelor's or master’s degree
What is the HFMA fellowship program?
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. HFMA Fellows recognize and accept the responsibility of utilizing healthcare finance professional skills for community benefit.
What are HFMA certifications?
The HFMA Business of Health Care® online program offers participants an overview of healthcare finance, risk mitigation, evolving payment models, healthcare accounting and cost analysis, strategic finance, and managing financial resources.
Are HFMA certifications worth it?
And, the benefits of getting certified range from higher salary to increased job fulfillment to improved organizational performance. If you're personally interested in earning one or more HFMA certifications, know you're taking the first step in increasing your earnings potential and standing out among your peers.
What does HFMA stand for in healthcare?
Healthcare Financial Management AssociationThe 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 long is a HFMA CRCR certification good for?
every two yearsHFMA CRCR and CS certificants must maintain their certification every two years. The recertification process is straightforward: to re-certify as a CRCR or CS, you must take a 50-question online assessment. To help you prepare for the recertification assessment, you will have access to an updated eLearning course.
What is the best revenue cycle certification?
Certified Revenue Cycle Executive (CREC) It is not always clear what is meant by Certified Revenue Cycle Executive, but it is the highest level of revenue cycle management certification. It offers three different credential levels: basic, advanced, and master.
How do you become a member of Hfma?
Who can be an individual member of HFMA? Anyone with an interest in healthcare finance and operations and wants to improve the health of their career and the healthcare industry is welcome to belong to HFMA.
What is the purpose of Healthcare Financial Management?
The primary role of financial management in healthcare organizations is to manage money and risk in a way that helps to achieve the financial goals of the organization. When a healthcare organization has strong and organized financial management plans, they're able to provide efficient healthcare to all their patients.
How do I get a CRCR certificate?
Prerequisite: One or more years of experience in revenue cycle activities. Assessment Information: This online program includes a key concepts guide, course modules and a certification assessment. The assessment has 75 multiple-choice questions, and you have 90 minutes to complete it in one sitting.
What are the 4 elements of financial management?
There are four recognized elements of financial management: (1) planning, (2) control- ling, (3) organizing and directing, and (4) decision making. The four divisions are based on the purpose of each task.
How much is CRCR certification?
Designed for members of revenue cycle teams with one or more years of experience, the CRCR certification is an accredited program offering up to 14 CPE Credits. Study materials and examination are $400 per individual candidate while discounts are offered to organizations having more than 10 CRCR candidates.
How many questions are on the CRCR?
When you are ready launch the exam: You have 90 minutes to answer 75 multiple choice questions. If possible, take the assessment on a computer with a wired connection.
How many questions are on the Chaa exam?
115 multipleThe Certified Healthcare Access Associate program was established in 1999 and is available to patient access staff who meet the eligibility requirements. The CHAA examination consists of 115 multiple choice questions and candidates are limited to two (2) hours to test.
HFMA's Certified Healthcare Financial Professional (CHFP)
Maintaining Your Certifications
HFMA - Healthcare Financial Management Association
Who is a CRCR Healthcare Professional? CRCR Exam Information
What is HFMA membership?
Please note HFMA professional or business partner all-access membership is a required aspect to hold and maintain the CHFP credential. Paid student members are eligible to register for and to take both modules of the CHFP certification program (included with membership). Student members who successfully complete the CHFP requirements (two modules) will earn their designation upon assuming Professional or Business Partner level member status.
How to contact HFMA?
For more information about the HFMA Certification Programs, contact the Career Services Department or (800) 252-4362.
What are the prerequisites for HFMA module 2?
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.
What is CHFP certification?
Demonstrate a deep understanding of healthcare finance when you earn HFMA's flagship certification, the Certified Healthcare Financial Professional (CHFP). Dive into the new financial realities of health care and come up with a better business skill set, new ideas on financial strategy, and insights into future trends. Earning this certification indicates a level of knowledge and expertise across four essential pillars: business acumen, collaboration, financial strategy, and understanding future trends. The CHFP is geared toward financial professionals, clinical and nonclinical leaders, and health plans—all those whose jobs require a deep understanding of the financial realities of health care.
How to request a press release template for HFMa?
Please contact [email protected] to request a press release template if you would like to announce your new designation in your organization’s newsletter or other media channel (s).
What is CHFP in healthcare?
The CHFP is geared toward financial professionals, clinical and nonclinical leaders, and health plans—all those whose jobs require a deep understanding of the financial realities of health care. The CHFP is earned and awarded upon successful completion of two modules.
No Surprises Act
No Surprises Billing Act regulations begin phasing in Jan. 1, 2022, for providers, facilities and air ambulance services. HFMA is providing ongoing resources to help members navigate the new rules. Learn more >
For some 340B hospitals, the COVID-19 pandemic has brought an unanticipated and unwelcome loss of eligibility
Bringing longer stays and higher rates of deferred care, the COVID-19 pandemic is adversely affecting 340B eligibility for some hospitals.
Medical device management: How to rein in elusive costs
This research paper shares the awareness, perceived value, and use of medical device management services by healthcare executives. It introduces the need for three capabilities: technology-enabled clinical engineering, clinical asset management informatics, and cybersecurity to achieve results.
How to Maximize your Medigap Market Share
A refreshed look at Medigap revenue, the opportunity that exists to increase market share, and the financial impact it has on healthcare organizations. This white paper presents three important considerations for healthcare finance leaders as they look to expand revenue streams and access a growing population of insured Medigap patients.
Optimize Physician Reimbursement with Comprehensive, Technology-Enabled RCM Services
Learn how to reassess your revenue cycle management and consider new approaches that can leverage automation, incorporate advanced analytics, and improve patient collections to help ensure your practice is reliably and consistently collecting every dollar you’re entitled to.
Revenue Cycle Insights: February 2022
This month's issue leads off with the news that the federal government is taking a look at provider billing in the COVID era through audits by the Office of Inspector General.
A checklist for successful hospital cost reporting in the time of COVID-19
COVID-19 will have long-term impacts on the operations of hospitals, and on their costs in particular., making it imperative that hospitals be mindful of how those impacts extend to their cost report data.
What is HFMA certification?
Healthcare Finance Management Association (HFMA) certification is a certification which helps healthcare finance and business leaders successfully navigate today’s complex environment while advancing their careers and organizations. It establishes and maintains a clear competitive edge for today’s changing economy for individuals and organizational leaders. It also gives and demonstrates someone an edge by enhancing their knowledge and providing them proficiency with HFMA’s certification programs. There are various types of HFMA certification. These types include:-
What is a bonafide certificate?
A bonafide certificate is a certificate issued by the School/ college to prove that the student has studied in a particular school/ college during the period so and so to prove that the student continued studies and resided in a particular location. This is used as many proofs, like current address proof , identity proof, or it may be used for certain schemes of government.
What is SAP HR/HCM?
2. SAP HR/HCM - It is one of the essential modules of SAP which takes care of all the tasks from entry to exit of an employee in an organisation. It comprises various components, namely, Organizational Management (OM), Personnel Management, Time Management and Payroll.
How often do you need to renew your HFMA certification?
HFMA members who have earned either the Certified Healthcare Financial Professional (CHFP) or Fellow of HFMA (FHFMA) designation must maintain their certification every three years by meeting two basic requirements: *Effective June 1, 2020, the revised education requirement mandates that continuing education include a 20-hour minimum of HFMA ...
When is the HFMA maintenance due date?
HFMA implemented a temporary change to the 2021 maintenance due date as a result of launching its new online learning platform. The maintenance deadline for Certified Revenue Cycle Representatives (CRCR) and Certified Specialists (CS) was extended from May 31, 2021, to Aug. 15, 2021.
What is HFMA certification?
Your certification is a designation of your achievement and professionalism. HFMA's precision-crafted frames have a stately, prestigious design providing a fitting display for this important symbol of your professional identity. Order your HFMA certification frame.
What is HFMA fellowship?
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. HFMA Fellows recognize and accept the responsibility of utilizing healthcare finance professional skills for community benefit.
What is HFMA adjunct?
2. Service as an adjunct instructor at an accredited (post-secondary school) educational institution. 3. Service in an education, certification, or leadership committee role within the local HFMA chapter or service on one of the HFMA association boards or committees. 4.
How to contact HFMA?
For more information about the HFMA Certification Programs, contact the Career Services Department at [email protected] or at (800) 252-4362 and ask for Career Services.
Do fellow candidates have to meet all requirements before applying?
Note: Fellow candidates must meet all the requirements prior to applying. More details can be found here.
