Financial CHFP : Certified Healthcare Financial Professional (CHFP) - 2023 Exam Dumps

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Latest 2023 Updated Financial Certified Healthcare Financial Professional (CHFP) - 2023 Syllabus
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Exam Number : CHFP
Exam Name : Certified Healthcare Financial Professional (CHFP) - 2023
Vendor Name : Financial
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CHFP Exam Format | CHFP Course Contents | CHFP Course Outline | CHFP Exam Syllabus | CHFP Exam Objectives

Module I - Business of Health Care: Participation and successful end-of-course exam of the HFMA Business of Health Care® online program offering participants an overview of healthcare finance, risk mitigation, evolving payment models, healthcare accounting and cost analysis, strategic finance, and managing financial resources.

Module II - Operational Excellence: CHFP aspirants must also complete HFMA's Operational Excellence exam, which includes exercises and case studies on the application of business acumen in health care.

Please note HFMA membership is a required aspect for earning and maintaining the CHFP credential.

Paid student members are eligible to register for and to take both modules of the CHFP certification program (included with membership). Student members who successfully complete the CHFP requirements (two modules) will earn their designation upon assuming Professional or Business Partner level member status.

The Big Picture Healthcare environment

- Reform/Current State of US Healthcare

- Transformation Under Reform

- Payment System Overview

- The Role of Financial Management in Health Care Organizations

- Management Roles & Hierarchy

- What Keeps CFOs Up at Night=>

Financial Accounting Concepts Accounting Principles

- Analysis of Financial Statements

- Management Reports

- Accounting Terminology

- Reports for financial analysis

Cost Analysis Principles Cost Management

- Definitions

- Traditional Cost-Finding Methods

- Setting Prices

- Profit analysis

Strategic Financial Issues Basics of Strategic Planning

- Budgeting Concepts

- Variance Analysis

- Revenue & Performance Budgeting

- Controlling Operating Results

- Benchmarking, Productivity, and Cost-Benefit/Cost-Effectiveness

- Analysis

Managing Financial Resources Financing the Healthcare System: Revenue Cycle

- Working capital management

- The Use of Metrics and Data

- Long-Term Financial Resources

Looking to the Future ACA, ACOs & Bundled Payments:

Evolving Reimbursement

The Need for Business Intelligence & Analytics

Population Health Management

Aligning Clinicians and Finance Professionals to Drive Value

Accountable Care Organizations – Payer Cancers

Premium Growth in a Shifting Environment

Denials of coverage

Limitations on profits

Health Insurance Exchanges

Payer consolidations

Unsustainable rates

Payer Differentiation

Rise of Business Process Outsourcing

Consumerism and physicians

Physician –Hospital alignment

Demand for Physician Collegiality

Emerging Ancillary Positions

Physician Burnout

Physician Independence

Physician Shortages (Leakage)

Physicians as Entrepreneurs

Reform and Physician Liability

Physician – Hospital Financial

Relationships

Hospital Consolidations

Hospital – Physician Alignment

Hospital Facing Bankruptcy

Provider- Payer Consolidations

Physician Engagement and Leadership

Integrated Care Delivery

Physicians Remaining

Independent

Accountable Care Organizations

Sustainability of Physician

Employment

Module I Concept Guide – It is recommended that you preview this guide prior to working through the online materials. For example, the pages in this guide associated with the Patient Protection and Affordable Care Act (PPACA) may be viewed before working in the first course, Healthcare Finance -- The Big Picture. This preview indicates the key concepts that will be covered and attunes you to areas of professional practice that may be less familiar. Feel free to make notes in this document. By taking the time to customize this guide, you can develop a handy reference tool as you continue your work in health care.

• Module II Concept Guide - It is recommended that candidates preview the key‐concept guide prior to working through this online course. The module is itself an examination with three (3) hours allowed for completion. This preview indicates the key business challenges that will be presented and attunes candidates to areas of professional practice that may be less familiar. The learner guide can then be used to focus additional outside reading and study on unfamiliar issues

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Financial - dumps

Proplastics dumps Zimdollar loans

Proplastics chairman, Greg Sebborn, said doing away with Zimbabwe dollar sales will give a fuller picture of the group’s state of financial affairs.

ZIMBABWE’S biggest pipes and fittings products manufacturer said this week it had cleared and closed its domestic currency indexed borrowings and switched to lower interest US dollar credit lines.

The Zimbabwe Stock Exchange-listed Proplastics Limited, said in its 2022 annual report that this was only one of several bold measures being pursued by the group, including switching from local currency and greenbacks during trading.

Proplastics chairman, Greg Sebborn, said doing away with Zimbabwe dollar sales will give a fuller picture of the group’s state of financial affairs.

“This, in my view, will enable the group to report more appropriately on its performance going forward,” Sebborn said this week.

“As Zimbabwean dollar interest borrowing rates remain high, the group has extinguished all its Zimbabwean dollar debts and opened United States dollar credit lines with the banks,” he added.

The country, which reintroduced the Zimbabwe dollar as its key medium of exchange in 2019, has been moving towards full dollarisation in the past few months due to volatilities affecting trade as the local unit.

Over the past few weeks, Zimbabwe has been experiencing severe exchange rate volatilities, resulting in its currency depreciating by a whopping 60% against the United States dollar in May.

The result has been bad for companies, which have struggled to plan.“With the economic environment demonstrating a clear desire to settle transactions in United States dollars, indications are that the group will trade more in that currency in the new year as was the case towards the end of the reporting period. As a result, the group has shifted to United States dollars as its functional currency since the beginning of the new year,” he said.

On Tuesday this week, the Reserve Bank of Zimbabwe increased the bank policy rate from 140% to 150% per annum, in response to the recent increase in inflation.

It also increased the Medium-term Bank Accommodation (MBA) interest rate from 70% to 75% per annum, as well as the Statutory Reserve Requirements on local currency demand and call deposits from 10% to 15%, while maintaining savings and time deposit requirements at 5%.

Sebbon, however, said borrowing rates in Zimbabwe dollars had become unsustainable.

“The resultant impact on cash flows affected funding of the requisite raw materials despite an improvement in the availability of these worldwide,” Sebborn said.

He added that participation on the foreign currency auction system would be reduced as the group utilises internally generated foreign currency to fund its operations.

Proplastics’ need for foreign currency comes as it has budgeted capital expenditure of ZW$2,6 billion (about US$938 651) for the year to be acquired through the firm's internal resources and existing facilities.

The budgeted capital is an increase of over 100% from its 2022 comparative of ZW$1,15 billion (about US$1,68 million).

“The new 500mm PVC line is producing the desired outputs and is effectively fulfilling the demand for big bore pipes. Demand for these bigger bore pipes seem to be growing and this augurs well for this investment,” Sebborn said.

“Unfortunately, the power supply situation has not improved, and this will be the major risk going forward. The group is working hard to ensure this risk is mitigated and the market does not suffer supply gaps.”

Last year, the group’s profit after tax dropped by 86,24% to ZW$110,44 million (about US$161 387,05) from a 2021 comparative of ZW$802,75 million (about US$1,17 million).

The drop in profit after tax was due to administrative costs of ZW$2,93 billion (about US$4,28 million), up nearly 86% from 2021’s comparative of ZW$1,57 billion (about US$14,53 million), driven largely by exchange losses.

Provided by SyndiGate Media Inc. (

RUMOR: Will Warriors make a salary-dump trade as payroll explodes even higher?

The Golden State Warriors franchise finds itself in a bit of a transitory phase. They recently said goodbye to longtime general manager Bob Myers, while the team’s heart and soul, Draymond Green, will be hitting unrestricted free agency. However, with the Warriors already footing an expensive luxury tax bill to surround Stephen Curry with the best team possible, they may have to give up on one crucial member of the team so they could bring back Green without straining the team’s finances even further.

Two of the most obvious candidates for a trade are Jordan Poole and Klay Thompson. Poole’s rookie max contract extension will be kicking in, while Thompson will be making $43 million next season — and the two didn’t necessarily end the Warriors’ 2023 NBA playoff run on the highest of notes.

Nonetheless, as Anthony Slater of The Athletic wrote, the Warriors will not just be making a trade for the sake of cutting costs, especially with the new CBA’s more punitive measures not kicking in until the 2024-25 season.

“Sources indicate that there is no plan for a salary dump trade this summer that’s purely about cutting the bill,” Slater wrote. “[The timing of the new CBA] gives the Warriors time and an extra layer of flexibility as they figure out how best to remain competitive without handcuffing their future. [Team owner Joe] Lacob’s appetite to win only seems like it has been ignited more by Myers’ departure.”

It’s certainly unbecoming of the Warriors to pull off a trade for the sake of it. Even the James Wiseman trade this past February, which was the easiest way for the Dubs to alleviate their luxury tax burden, brought back Gary Payton II, a player that fit their need for defense as well as someone who knew the system, instead of being a pure salary dump.

At the end of the day, Klay Thompson has done so much in a Warriors uniform for him to become a cap casualty. Meanwhile, Jordan Poole’s contract isn’t the most onerous. After all, he is a young scoring guard who averaged 20+ points who may very well just need a change of scenery after a tumultuous season at the Bay.

Thus, fans must stay tuned for whatever trade trickery the Dubs front office has up its sleeves as they try to flex their financial might once more.

The post RUMOR: Will Warriors make a salary-dump trade as payroll explodes even higher? appeared first on ClutchPoints.

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