Certification

One good change requires another

National Change
As many of you are aware, HFMA's Certified Healthcare Financial Professional (CHFP) program changed in June of 2015. 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 is delivered via HFMA’s learning management system on the HFMA website.

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 ($299). 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 $300, upon successful completion of the exam within one year of the purchase of the online study guide. Should you not pass the examination, there are no retake fees. As long as the examination is passed within one year of the online study guide purchase, the Chapter will reimburse you for the $300 examination 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 goes online and purchases Module I.  She submits her receipt to one of the certification co-chairs and gets reimbursed for her purchase. Three months later Peg has diligently studied and is ready to take the exam. Peg then goes online to the HFMA website to register and set her testing day, during this process Peg pays the $300 fee. On testing day Peg successfully passes the exam. The next day Peg submits to the certification co-chair her receipt for the $300 and documentation indicating the successful completion of the exam. 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 $300 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 goes online and purchases Module I.  Afterwards, he browses the internet looking for tips to improve his trap shooting.. Due to many unforeseen job demands a year and three months go by and he is ready to take the exam. Bryce then goes to the HFMA website to register and set his testing day, during this process Bryce pays the $300 fee. On testing day, Bryce successfully passes the exam and goes trap shooting. The next day Bryce submits to the certification co-chair his receipt for the $300 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 goes to the HFMA website and purchases Module I.. Three months go by and he thinks he is ready to take the exam. Joe then goes to the HFMA website to register for the exam and set his testing day, during this process Joe also pays the $300 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 goes back to the HFMA website to register for the retake (please note that you must wait 30 days after an unsuccessful exam to retake an exam) of the exam and set his testing day. 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 $300 (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 $300 to reimburse him for the reimbursable portion of his costs.

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 goes to the HFMA website to register for the exam and set his testing day, during this process Chris pays the $300 fee. On testing day Chris 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 schedules the retake of the exam and set his testing day via the HFMA website. 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 Module I the Chapter does not reimburse him for the initial fee of $300.

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 Justin Hope jhope@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.