Certification

One good change requires another

National Change
As many of you are aware, HFMA's Certified Healthcare Financial Professional (CHFP) program changed in January of 2011. 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 Castle Worldwide; in Nebraska they have testing locations in Kearney, Lincoln, Omaha and North Platte.

Chapter Change
With the changes in the certification process our Chapter leaders have approved a change to the Chapter's policies and procedures to assist you in the successful completion of the Certification exam.

If you are a member of the Nebraska Chapter of HFMA, the Chapter will purchase for you one CHFP online study guide ($195). The online study guide is valid for one year from the date of purchase. The Chapter will also reimburse you for the CHFP certification costs of $395, upon successful completion of the exam within one year of the purchase of the online study guide. Should you not pass the examination, the re-examination fee is $200. The Chapter will not reimburse you for the re-examination fee, however if the re-examination is passed within one year of the online study guide purchase, the Chapter will still reimburse you for the $395 cost of the initial exam (which includes the application fee).

Please note - the following examples and characters are fictional and do not depict any actual people or events.

Example 1:
Peg Valentine decides to become certified to distinguish herself as a leader and role model in the healthcare finance community. She wants to be able to show her deep personal commitment, her sense of accountability that inspires credibility and her dedication to high standards. So Peg Valentine contacts one of the Chapter's certification co-chairs to obtain the CHFP online study guide. The certification co-chair then provides Peg Valentine with the password and link for her personal online study guide that she can access for one year. Three months later Peg has diligently studied and is ready to take the exam. Peg then contacts Castle Worldwide to register for the exam and set her testing day, during this process Peg pays the $395 fee. On testing day Peg travels to North Platte, successfully passes the exam and goes shopping. The next day Peg submits to the certification co-chair her receipt for the $395 and documentation indicating the successful completion of the exam (she does not submit the receipts for the shoes and clothing she purchased). Since the exam was successfully passed within one year of the purchase of CHFP online study guide the Chapter sends Peg a congratulations note and a check for $395 to reimburse her for her costs.

Example 2:
Bryce Crete decides to become certified to distinguish himself as a leader and role model in the healthcare finance community. He wants to be able to show his deep personal commitment, his sense of accountability that inspires credibility and his dedication to high standards. So Bryce Crete contacts one of the Chapter's certification co-chairs to obtain the CHFP online study guide. The certification co-chair then provides Bryce with the password and link for his personal online study guide that he can access for one year. Due to many unforeseen job demands a year and three months go by and he is ready to take the exam. Bryce then contacts Castle Worldwide to register for the exam and set his testing day, during this process Bryce pays the $395 fee. On testing day Bryce travels to Lincoln, successfully passes the exam and goes trap shooting. The next day Bryce submits to the certification co-chair his receipt for the $395 and documentation indicating the successful completion of the exam. Since the exam was not successfully passed within one year of the purchase of CHFP online study guide the Chapter sends Bryce only a congratulations note and no check.

Example 3:
Joe Omaha decides to become certified because he is being pressured by his boss (Harvey Seward) to complete the exam. So Joe walks to the office of one the Chapter's certification co-chairs to obtain the CHFP online study guide. The certification co-chair then provides Joe with the password and link for his personal online study guide that he can access for one year. Three months go by and he thinks he is ready to take the exam. Joe then contacts Castle Worldwide to register for the exam and set his testing day, during this process Joe also pays the $395 fee. On testing day Joe is unsuccessful, he does not submit any requests to the Chapter as he did not pass the exam. Another three months go by and Joe now knows he is ready to pass that exam or lose his job. He then contacts Castle Worldwide to register for the retake (please note that you must wait 90 days after an unsuccessful exam to retake an exam) of the exam and set his testing day, during this process Joe pays the $200 re-examination fee. This time Joe successfully passes the exam, then goes to the bar. The next day Joe submits to the certification co-chair his receipt for the $395 (original exam fee) and documentation indicating the successful completion of the re-examination to the certification co-chair. Since the exam was still successfully passed within one year of the purchase of CHFP online study guide the Chapter sends Joe a congratulations note and a check for $395 to reimburse him for the reimbursable portion of his costs (please note that the $200 re-examination fee was not reimbursed).

Example 4:
Chris Meddata decides to become certified because he has been a Chapter member for 14 years and has indicated he would complete the exam the last five years. So Chris goes through the same process as the other 3 examples. Nine months go by and Chris has studied on and off on various flights here and there. Time is running out so he contacts Castle Worldwide to register for the exam and set his testing day, during this process Chris pays the $395 fee. On testing day Chris drives to the testing site on his Harley and is unsuccessful, he does not submit any requests to the Chapter as he did not pass the exam. Another three months go by and Chris is freaking out, he now knows he has to pass the pass the exam or be mocked by his peers. He then contacts Castle Worldwide to register for the retake of the exam and set his testing day, during this process Chris pays the $200 re-examination fee. Unfortunately, Chris gets called away on wild boar hunt during the time he had set aside to study. Chris does not pass the re-examination. Since the exam was not successfully passed within one year of the purchase of CHFP online study guide the Chapter does not reimburse him for the initial fee of $395 or the re-examination fee of $200.

If you have any questions regarding the changes above or are ready to start the process to success, please contact one of the Chapter's certification co-chairs Brian Green BGreen@SeimJohnson.com or Randy Hoffman Rhoffman@SeimJohnson.com.

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Visit http://www.hfma.org/Content.aspx?id=508 for more information on the certification process.