Healthcare Financial Management Association
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 Ratios HFMA Certification 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: -
ACO accountable care organization - =Answer>> A
coordinated group of health care providers including physicians
hospitals and other types of providers organized to improve
quality and lower the costs of care to a defined group of
patients
Accounting identity - =Answer>> Also called accounting
equation, Assets = liabilities + equity.
Accounts Payable - =Answer>> A current liability where
funds are owed to suppliers
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Accounts payable distribution - =Answer>> An accounting
computer system report that details the amounts paid to
vendors by date purchase order and expense classification
Accounts receivable aging - =Answer>> A report that
summarizes accounts receivable from different sources such as
Medicare or commercial insurance by 30 day increments
Accrual - =Answer>> Accounting methodology that
recognizes revenue when it is earned (not received) and
expenses when they are incurred (not paid)
Accrual basis of accounting - =Answer>> As opposed to the
cash basis of accounting the accrual basis of accounting uses
estimates of revenue and expense to match revenue in the
period they are earned with the expenses incurred in that same
period.
Accrued payroll and benefits - =Answer>> An estimate of
salaries and associated benefit costs (such as payroll tax
matching) earned by employees but not yet paid by the
employer
Accumulated depreciation - =Answer>> A balance sheet
account with the total amount of depreciation recognized as
expense overtime is compiled
Activity-based costing - =Answer>> A method of
establishing a cost of a process or transaction based on the
cost of individual steps (or activities) in that process.
Acuity - =Answer>> A measurement of the severity of an
illness or the resources required to treat an illness or injury.
Administrative cost - =Answer>> In a health plan those
expenses not paid for medical costs on behalf of plan members
but instead associated with administrative functions such as
sales customer services claims processing and finance
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Administrative load ratio - =Answer>> In a health plan the
percentage of total premiums collected expended for
administrative costs
Ambulatory payment classification - =Answer>> The unit of
reimbursement to use by insurers primarily Medicare to
determine payment for outpatient facility services by grouping
of services into a finite number of classifications.
Asset - =Answer>> And item of value possessed by
business entity.
Audit trail - =Answer>> And accounting system report that
shows the details of transactions posted into revenue or
expense account.
Average length of stay - =Answer>> Average stay counted
by days of all or a class of inpatients discharged over a given
period Calculated by dividing the number of inpatient days by
the number of discharges
Bad debt - =Answer>> Amount not recoverable from a
patient following exhaustion of all collection efforts
Balance billing - =Answer>> Practice of a provider billing a
patient for balance is not paid by third-party
Balance sheet - =Answer>> Financial statement that
presents a snapshot of the financial condition of a healthcare
organization at a specific point in time; statement that lists the
financial resources (assets) financial obligations (liabilities) and
ownership rights (equity/fund balance) within the organization.
Benchmarking - =Answer>> Process of identifying industry
standards and best practices
Beneficiary - =Answer>> A person on behalf of which an
insurance plan payment is made to a healthcare provider
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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……...!
📝
Are you Struggling with University Exams or Job Certification
Assessments?? 📌I Got You Covered 💯.!!!
✍I Specialize in Taking the Exam On your Behalf.
💻 Get Professional Exam Assistance with 100% Pass
Guaranteed.⏬ GET STARTED HERE CLICK LINK BELOW ⏬
https://yourassignmenthandlers.ck.page/92498b9b86
, I can Help BYPASS PROCTORED EXAM 📑
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
Click Here To <<ORDER NOW >> Follow Link
https://yourassignmenthandlers.kit.com/93b2309b47
!!!.ORDER NOW.!!! << TO GET INSTANT EXPERT HELP >> !!!.ORDER
NOW.!!!
CHFP Ratios HFMA Certification 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: -
ACO accountable care organization - =Answer>> A
coordinated group of health care providers including physicians
hospitals and other types of providers organized to improve
quality and lower the costs of care to a defined group of
patients
Accounting identity - =Answer>> Also called accounting
equation, Assets = liabilities + equity.
Accounts Payable - =Answer>> A current liability where
funds are owed to suppliers
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, I can Help BYPASS PROCTORED EXAM 📑
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
Accounts payable distribution - =Answer>> An accounting
computer system report that details the amounts paid to
vendors by date purchase order and expense classification
Accounts receivable aging - =Answer>> A report that
summarizes accounts receivable from different sources such as
Medicare or commercial insurance by 30 day increments
Accrual - =Answer>> Accounting methodology that
recognizes revenue when it is earned (not received) and
expenses when they are incurred (not paid)
Accrual basis of accounting - =Answer>> As opposed to the
cash basis of accounting the accrual basis of accounting uses
estimates of revenue and expense to match revenue in the
period they are earned with the expenses incurred in that same
period.
Accrued payroll and benefits - =Answer>> An estimate of
salaries and associated benefit costs (such as payroll tax
matching) earned by employees but not yet paid by the
employer
Accumulated depreciation - =Answer>> A balance sheet
account with the total amount of depreciation recognized as
expense overtime is compiled
Activity-based costing - =Answer>> A method of
establishing a cost of a process or transaction based on the
cost of individual steps (or activities) in that process.
Acuity - =Answer>> A measurement of the severity of an
illness or the resources required to treat an illness or injury.
Administrative cost - =Answer>> In a health plan those
expenses not paid for medical costs on behalf of plan members
but instead associated with administrative functions such as
sales customer services claims processing and finance
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Administrative load ratio - =Answer>> In a health plan the
percentage of total premiums collected expended for
administrative costs
Ambulatory payment classification - =Answer>> The unit of
reimbursement to use by insurers primarily Medicare to
determine payment for outpatient facility services by grouping
of services into a finite number of classifications.
Asset - =Answer>> And item of value possessed by
business entity.
Audit trail - =Answer>> And accounting system report that
shows the details of transactions posted into revenue or
expense account.
Average length of stay - =Answer>> Average stay counted
by days of all or a class of inpatients discharged over a given
period Calculated by dividing the number of inpatient days by
the number of discharges
Bad debt - =Answer>> Amount not recoverable from a
patient following exhaustion of all collection efforts
Balance billing - =Answer>> Practice of a provider billing a
patient for balance is not paid by third-party
Balance sheet - =Answer>> Financial statement that
presents a snapshot of the financial condition of a healthcare
organization at a specific point in time; statement that lists the
financial resources (assets) financial obligations (liabilities) and
ownership rights (equity/fund balance) within the organization.
Benchmarking - =Answer>> Process of identifying industry
standards and best practices
Beneficiary - =Answer>> A person on behalf of which an
insurance plan payment is made to a healthcare provider
Need Writing 📝Help? We've Got You Covered! ✍️
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