Get Exam Ready. Attention Potential HFMA Certification Candidates! HFMA Certification Candidate Practicum

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Brittany Fox
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1 Get Exam Ready HFMA Certification Candidate Practicum Attention Potential HFMA Certification Candidates! Thursdays February 5, 2015 March 12, :00 pm to 2:00 pm cst The Certification Practicum is an intense and highly Course Instructor Christoph Stauder FHFMA, CPA, Owner, Stauder Consulting LLC

2 condensed learning exercise, akin to a graduate-level healthcare financial management class, but with a more practical, real-life orientation. It focuses on what healthcare financial managers do every day at work: analyze financial information, create budgets, analyze performance and profitability, measure key indicators, design and improve revenue processes, comply with laws and regulations, complete cost reports and 990 forms, report quality metrics, and adjust staffing levels. The board of directors of the Greater St. Louis Chapter has approved this education course to assist you in passing the HFMA certification exam. This course is offered free of charge to Greater St. Louis HFMA members. The course will be taught by Christoph Stauder who teaches the certification course at ANI for National HFMA. The course will be offered as five webinars on Thursdays from February 5 - March 12, A comprehensive study guide will be provided approximately 2 weeks prior to the course. Approximately hours of concentrated study time is recommended (this may vary by individual). Each attendee will be asked to sign a commitment to sit for the certification exam prior to April 30, Course Cost This course is offered FREE to Greater St. Louis HFMA Chapter members. Course time commitment is 9 hours. Study time is 20 to 40 hours post or pre course. You must commit to sit for the exam by April 30, The Greater St. Louis HFMA Chapter reimburses members exam fees upon successful completion of the exam. Please note the purchase of the CHFP online study guide is not necessary if you are taking the certification course. Click Here to Register Christoph Stauder FHFMA, CPA, Owner, Stauder Consulting LLC Christoph is the principal of Stauder Consulting LLC, an Oregon firm that provides revenue leadership and assistance to hospitals and physician groups nationally since Christoph previously worked for Arthur Andersen's audit, management information services and business consulting practices as well as for the Oregon region of Providence Health & Services. Christoph has taught certification for HFMA for 25 years. He wrote the original PFS study guide for the previous certification program and held certificates in all four specialties. In 2011 he created a professional practicum modeled on the National Association's new certification program. Christoph is a past president of Oregon HFMA. He graduated from Gettysburg College and holds a Master of Arts degree in Religious Studies from The Divinity School of The University of Chicago. Prerequisites A recommended 3-5 years in a management position in healthcare finance in a provider setting or equivalent experience in an allied healthcare organization.

3 CPE Field of Study National HFMA awards 8 hours of CPE for the Practicum Tools and Takeaways A 450-page certification practicum participant guide, ratio calculation reference tool, variance calculation reference tool, revenue process design tool, and Medicare cost report analysis templates. National Change As many of you are aware, HFMA s Certified Healthcare Financial Professional (CHFP) program changed in January HFMA s CHFP program is now entirely available online, allowing candidates to purchase study materials and access online resources such as the practice exam. Instead of the core exam and multiple specialty exams, there is now just one comprehensive certification exam. Additionally, the exam is no longer proctored. The exam can be taken at any Castle Worldwide location. Questions If you have any questions, please contact: Theresa Kipper Certification Chair, Greater St. Louis Chapter Theresa_kipper@ssmhc.com Greater St. Louis HFMA Certification Candidate Practicum Webinar Agenda

4 Date Thurs, Feb. 5 Time Knowledge Financial domain reporting Topics covered Outline of webinar Financial statements, ratio analysis Financial reporting ratio case studies; discussion of findings Thurs, Feb. 12 pm CST Budgeting & forecasting Variance analysis, breakeven/cvp, capital budgeting/roi Budgeting & forecasting variance, CVP & capital budgeting case studies; discussion of findings Thurs, Feb. 19 pm EST process, IPPS, OPPS, MPFS, Medicare billing fundamentals revenue process case studies; discussion of findings Thurs, Feb. 26 Internal controls, managed care, contracts and disbursements Various, incl. cost reporting and 990 reporting IC and compliance; contract mgmt; disbursements; case studies; wrap-up Case studies % of exam 16-20% 18-22% 21-25% 33-45% Prereading Pages 7-40 Pages Pages Pages Thurs, March 12 Review all six domains Special emphasis on the quantitative aspects of the curriculum Ratio and operating indicator practice assignment; variances; other topics as selected by the attendees Participants must answer 7-8 polling questions per webinar in order to receive CPE credit. HFMA Code of Ethics As a member of the Healthcare Financial Management Association, I will endeavor to promote the highest standards of professional conduct by: Practicing honesty and maintaining personal integrity, including avoidance of conflicts of interest with those of my employer or the Healthcare Financial Management Association; Striving for the objective and fair presentation of financial information; Fostering excellence in healthcare financial management by keeping abreast of pertinent issues [emphasis added];

5 Maintaining the confidentiality of privileged information; Promoting a greater understanding of financial management issues by others in the healthcare field, and seeking increased public understanding through communication about such issues; and Seeking to maintain a reasonable balance between the quality and cost of health care. Example Study Plan Plan (please complete BEFORE you begin studying) Actual (to keep track of your progress) Activity Date Date Create study plan Read about certification on HFMA website Take sample exam Participate in the Get Exam-Ready: HFMA Certification Candidate Practicum course Register for CHFP exam Take CHFP exam Submit exam fee to chapter treasurer for reimbursement Signature Date

Frequently Asked Questions

HFMA s 2015 Realigned CHFP Program Frequently Asked Questions Background Q: I have heard that the certification program is being revised. What are the changes? How will the exam(s) be structured? A: The