HFMA CHFP Full Exam Review (Qns & Ans) 2025

Certified Healthcare Financial Professional

Full Exam Review (Qns & Ans)

2025



1. **Multiple Choice**: Which of the following is a core
component of business acumen?
- A) Time management
- B) Strategic thinking
- C) Project coordination
- D) Cost allocation
**ANS**: B
**Rationale**: Business acumen primarily involves strategic
thinking and understanding the broader implications of decisions.




©2025

,2. **Fill-in-the-Blank**: Business acumen often requires a deep
understanding of ________ to align organizational goals with
market trends.
**ANS**: Market dynamics
**Rationale**: Understanding market dynamics is crucial for
aligning organizational goals effectively.


3. **True/False**: Business acumen focuses solely on financial
decision-making.
**ANS**: False
**Rationale**: It encompasses a broader scope, including
strategic planning, operations, and market insights.


4. **Multiple Response**: Which attributes are integral to
business acumen?
- A) Risk awareness
- B) Leadership skills
- C) Operational expertise
- D) Emotional intelligence
**ANS**: A, B, C, D
**Rationale**: All these attributes contribute to a well-rounded
business acumen.


©2025

,---


**Collaboration**
5. **Multiple Choice**: Effective collaboration relies on which
key factor?
- A) Individual performance
- B) Clear communication
- C) Independent task execution
- D) Structured decision-making hierarchy
**ANS**: B
**Rationale**: Clear communication is essential for
collaboration to ensure alignment and mutual understanding.


6. **Fill-in-the-Blank**: Collaboration within a team often
requires ________ to resolve conflicts and achieve shared goals.
**ANS**: Mediation skills
**Rationale**: Mediation is crucial for resolving conflicts
within teams.


7. **True/False**: Collaborative efforts are more effective when
team roles overlap significantly.
**ANS**: False
©2025

, **Rationale**: Defining distinct roles prevents redundancy and
ensures efficiency.


8. **Multiple Response**: What factors influence successful
collaboration in an organization?
- A) Trust among members
- B) Alignment with organizational goals
- C) Advanced technical skills
- D) Team diversity
**ANS**: A, B, D
**Rationale**: While advanced technical skills are useful, trust,
alignment, and diversity are critical.


---


**Financial Strategy**
9. **Multiple Choice**: What is a primary objective of financial
strategy within healthcare organizations?
- A) Maximizing patient satisfaction
- B) Reducing operational costs
- C) Ensuring sustainable profitability
- D) Increasing employee satisfaction
©2025