HFMA
HFMA Healthcare Financial Management Association
Certification Exam
HFMA Professional Certification Exams
Course Title and Number: HFMA Certification Exams
Exam Title: Midterm, Finals, Certification and Assessment
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully and Answer All Questions
2. Use the provided answer sheet to mark your responses.
3. Please Ensure all you answer each question below and click Submit
when you have completed the Exam.
4. This test has a time limit, The test will save and submit automatically
when the time expires
5. This is Exam which will assess your knowledge on the course
Learning Resources.
Good Luck……...!
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HFMA Certification Complete Exam Review HFMA Certified
Healthcare Financial Management Association HFMA Exam
Questions and Answers | 100% Pass Guaranteed | Graded A+ |
2025- 2026
HFMA Healthcare Financial Management Association
Certification Exam
HFMA Professional Certifications
Healthcare Financial Management Association HFMA.
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Four steps to activity-based costing - =Answer>> 1. Gather
total cost and activity stats
2. Determine what drivers costs (in health care cost are usually
by time)
3. Measure cost drive
4. Convert cost drivers into cost and calculate the per unit caps
Gather total data - =Answer>> Establishes a rate per unit of
services for the activity the are used in a service.
Total Annual Cost - =Answer>> annual purchase cost +
annual ordering cost + annual holding cost (from Accounting)
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Activity used in service - =Answer>> Direct observation or
time and motion n study
Full-cost pricing - =Answer>> Offering a highly specialized
service or operating in a rural market where the entity may be
the only provider of health care service.
Marginal Cost pricing - =Answer>> Lower price for higher
volumes
Insurers, regulators, and suppliers are - =Answer>>
Participants in the delivery of medical care that are no directly
involved in treatment
Purchasing healthcare is a process best described as -
=Answer>> The purchaser is likely to contract with a third
party to pay for services
The "revenue cycle" in health care is - =Answer>> The flow
of money between the patient, the insurer and the health care
services provider
Prior to passage of the Patient Protection and Affordable Care
Act (PPACA), that insurance was usually provided by an
employer to the employee an additional form of compensation,
known as - =Answer>> An Employee Benefit
Insurers often require some out-of-pocket payment by the
patient to - =Answer>> incentive patients to use services
on when necessary
Medicare is over seen by - =Answer>> The federal Centers
for Medicare and Medicaid Services (CMS)
A fiscal intermediary is - =Answer>> An organization acting
on behalf of CMS to administer Medicare payments
Medicaid, the insurance program for the poor and medically
needy, is operated - =Answer>> As a joint program
between the federal government and the states
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