HFMA'S CSAF Questions and Answers |
2026 Complete Study Guide | Grade A+
• Activity-based costing (ABC) -✓✓Method of determining product costs using
cost drivers or activity measures, which cause indirect costs to be incurred.
• Three main types of Cost standards. -✓✓Predetermined (Synthetic), Negotiated
(Historical), and Customized (Engineered)
• Four Types of Individual Cost behaviors -✓✓Variable, Fixed Cost Pattern,
Semi-Variable Cost Pattern, Semi-Fixed or Stepped Variable
• Three Principal Types of expense variances -✓✓Price, Volume, and Efficiency
• The 4 Primary payment methods used in managed care -✓✓Fee-for-Service, Per
Diem Rate, Case Rate, Capitation
• Healthcare providers should develop different modeling tools depending on -
✓✓the reimbursement method proposed in the contract
• The general categories of provider excess loss insurance are -✓✓per-person,
aggregate, and carve-out.
• A Strategic Plan allows organizations to -✓✓have a clear plan as to why they are
in business and how they can stay in business in the future.
• The main types of control budgets include -✓✓operating, capital, and cash.
, • A budgeting process develops assumptions for the following: -✓✓Admissions,
ALOS, Expense per visit, Inflation on expense, FTE per visit, Productivity on FTE
per visit, Labor cost per FTE, Net Rev per visit
• Operating budget's statistical factors include -✓✓Historical statistics, Historical
relationship of department volume, anticipated effects of new programs, clinical
practice patters, covered lives in global payment risk programs, changes in
regulatory environment, technical developments, process improvements, marketing
efforts, demographic trends
• The primary purpose of measuring productivity is -✓✓for management to
determine if resources are being used efficiently
• Budget types include -✓✓fixed and flexible
• The four budget variances used to explain by cause are -✓✓Volume, rate
(charged), price (of a supply), and efficiency (cost per procedure).
• Three common Capital Evaluation techniques -✓✓Payback, Net Present Value
Method, Return on Investment
• Users of ratio analysis -✓✓Board of Directors, Management, Health Systems
Agencies, Creditors, Employee Unions, Rate Regulators
• The categories of ratios used -✓✓Profitability Ratios, Liquidity Ratios, Activity
Ratios, Capital Structure Ratios
2026 Complete Study Guide | Grade A+
• Activity-based costing (ABC) -✓✓Method of determining product costs using
cost drivers or activity measures, which cause indirect costs to be incurred.
• Three main types of Cost standards. -✓✓Predetermined (Synthetic), Negotiated
(Historical), and Customized (Engineered)
• Four Types of Individual Cost behaviors -✓✓Variable, Fixed Cost Pattern,
Semi-Variable Cost Pattern, Semi-Fixed or Stepped Variable
• Three Principal Types of expense variances -✓✓Price, Volume, and Efficiency
• The 4 Primary payment methods used in managed care -✓✓Fee-for-Service, Per
Diem Rate, Case Rate, Capitation
• Healthcare providers should develop different modeling tools depending on -
✓✓the reimbursement method proposed in the contract
• The general categories of provider excess loss insurance are -✓✓per-person,
aggregate, and carve-out.
• A Strategic Plan allows organizations to -✓✓have a clear plan as to why they are
in business and how they can stay in business in the future.
• The main types of control budgets include -✓✓operating, capital, and cash.
, • A budgeting process develops assumptions for the following: -✓✓Admissions,
ALOS, Expense per visit, Inflation on expense, FTE per visit, Productivity on FTE
per visit, Labor cost per FTE, Net Rev per visit
• Operating budget's statistical factors include -✓✓Historical statistics, Historical
relationship of department volume, anticipated effects of new programs, clinical
practice patters, covered lives in global payment risk programs, changes in
regulatory environment, technical developments, process improvements, marketing
efforts, demographic trends
• The primary purpose of measuring productivity is -✓✓for management to
determine if resources are being used efficiently
• Budget types include -✓✓fixed and flexible
• The four budget variances used to explain by cause are -✓✓Volume, rate
(charged), price (of a supply), and efficiency (cost per procedure).
• Three common Capital Evaluation techniques -✓✓Payback, Net Present Value
Method, Return on Investment
• Users of ratio analysis -✓✓Board of Directors, Management, Health Systems
Agencies, Creditors, Employee Unions, Rate Regulators
• The categories of ratios used -✓✓Profitability Ratios, Liquidity Ratios, Activity
Ratios, Capital Structure Ratios
