HFMA
HFMA Certified Healthcare Financial Professional (CHFP)
HFMA CHFP Online Module Assessments and HFMA CHFP
Certification Exam
Course Title and Number: HFMA CHFP 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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CHFP Module 1 Exam Review HFMA Certified Healthcare
Financial Professional (CHFP) Exam Questions and Answers |
100% Pass Guaranteed | Graded A+ |
2025- 2026
HFMA CHFP Online Module Assessments and HFMA CHFP
Certification Exam
HFMA Certified Healthcare Financial Professional (CHFP)
Healthcare Financial Management Association HFMA.
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Which of the following describes the organization of primary
care providers into a coordinated team to meet a patient's
healthcare needs?
MEDICAL HOME
A medical home is a team-based delivery model led by a
physician that is intended to provide comprehensive medical
care to patients with the goal of maximizing health outcomes
and reducing overall costs. - =Answer>>
The Affordable Care Act encourages providers to form entities
called _________ which encourages them to work together to
keep patients healthy.
ACO
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An Accountable Care Organization (ACO) is a payment and care
delivery model, included in the Affordable Care Act, that ties
provider reimbursements based on quality metrics and
expected cost reductions for the care of a defined population of
patients. - =Answer>>
Which of the reimbursement models below establishes a single
prospective rate to all providers involved in a patient's care for
the providers to divide equitably among themselves?
Bundled payments are payments for specific healthcare
services that are intended to be shared among treatment care
teams. - =Answer>>
Health Plan Strategies
-Attractive provider network design that appeals to consumers
at prices they are willing to pay
Transparency tools that encourage the use of high-value
providers
Population health incentives that reward individuals for
managing their health - =Answer>>
Provider Strategies
Insight into how consumers want to access care and making it
easy for them to choose the health system every time
Price transparency tools, including cash prices for shoppable
services and procedures - =Answer>> -
There are three components of implementing business
intelligence. They are:
1. Data Strategy
2. Data Availability
3. Data Integrity - =Answer>>
Data Strategy (First Step)
A critical first step in implementing a business intelligence
function is to agree on a data strategy that specifies:
What data is gathered
What is measured
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A process to protect the accuracy of such data
Once this strategy is established, management must decide
what metrics will be monitored. In some cases, the metrics
monitored will be dictated by government regulators or private
health plans.
Also, the organization may want to measure other metrics that
indicate progress toward strategic objectives. - =Answer>>
Data Availability (Second Step)
For business intelligence data to be useful, it must be available
to decision-makers in time for them to take action on it.
Clinical measures indicating the quality of patient care should
be reported as frequently as possible (almost in real time if
possible). Other metrics, such as performance on a capitation
contract or income, do not need to be reported as often.
A schedule of priorities for the business intelligence function
should be established so that managers know when to expect
information. - =Answer>>
Data Integrity (Third Step)
A final critical element in business intelligence, particularly in
health [1] care, is a process for maintaining the integrity of
data. Data integrity is important not only for accurate reporting
of clinical data that could influence patient care, but also for
evaluating the costs of care under fixed or prospective
payment methodologies. - =Answer>>
Data strategy
Specifies what data is gathered and measured - =Answer>>
Data Integrity
Important for accurate reporting and for evaluating costs -
=Answer>>
Data Availability
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