Certification

Becoming certified distinguishes you as a leader and high-level professional in the healthcare finance industry. It reflects a deep personal commitment and sense of accountability that inspires credibility and confidence in your professional knowledge. Through HFMA Certification Programs, you can show your dedication to high industry standards.

Become Certified with HFMA Certification Programs to:

  • Validate your skills and knowledge
  • Enhance your credibility in the industry
  • Support your professional development
  • Demonstrate a high level of commitment to the field
Certified Revenue Cycle Representative Program (CRCR)

The CRCR program provides the necessary framework to help set standards of performance and build technical expertise across the entire revenue cycle. By becoming certified in the CRCR program, you have the credentials that prove you have achieved a high-level of revenue cycle knowledge and excellence.
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Certified Healthcare Financial Professional® (CHFP)

CHFP® is designed for mid-level healthcare finance professionals who aspire to the executive level or desire confirmation of financial management expertise in US healthcare. CHFP certification demonstrates your qualifications to senior management, co-workers, and the industry highlighting your commitment to the profession and to maintaining up-to-date skills and knowledge.
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Fellow of the Healthcare Financial Management Association® (FHFMA)

Achieving the FHFMA™ recognizes your exemplary educational achievement, professional accomplishments and volunteer leadership and service in the healthcare finance industry. By earning the right to include the FHFMA designation among your credentials, you let colleagues and the industry know that you have been welcomed into a leading organization of healthcare finance professionals. Fellowship is open to financial management executives and other healthcare finance professionals.
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A list of McMahon-Illini Chapter Certified Members can be found on the website here.

Certified Specialist Programs

Healthcare finance is rapidly changing. More than ever before, healthcare finance managers need to acquire and maintain comprehensive skill sets to provide the financial management demanded today.

Developed to provide comprehensive technical education, Certified Specialist programs further enhance healthcare finance skills through expansion of the knowledge and skill sets required by specific functional areas.

Certified Specialist Accounting & Finance (CSAF)

The critical role of accounting and finance requires technical competencies used in decision support for all areas of healthcare management. The course provides an overview of healthcare accounting and finance to strengthen these competencies and address financial reports and statements unique to healthcare. In addition, the program provides a practical overview of risk-sharing arrangements, managed care contracts and profitability ratios.
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Certified Specialist Managed Care (CSMC)

This course describes the “nuts and bolts” of managed care and thoroughly covers the issues surrounding healthcare reform. Selected modules from this course are valuable for management and clinicians throughout a hospital or health system.

This certification program covers:

  • Various managed care models (HMO, PPO, POS)
  • Carve-outs, inpatient stop-loss, short-stay stop-loss, and withhold pools
  • Payment models proposed under healthcare reform and their differences
  • Physicians’ role in addressing utilization and quality of care
  • Key negotiation strategies
  • How payers evaluate their risks
  • Changes to HIPAA privacy laws included in ARRA
  • Principles behind outcomes-based reimbursement and incentives related to pay-for-performance programs
  • Relevant legislative changes affecting Medicare managed care

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Certified Specialist Physician Practice Management (CSPPM)

This course discusses the full range of topics and techniques that are central to the effective management of physician practices. The course provides an overview of the revenue cycle, with emphasis on the accounts receivable and collection phases. Managed care payment issues, bad debts and charity accounts and use of collection agencies are among the topics covered. Coding and payment systems, which establish the potential revenue of the physician practice, also are explained. Other topics include fee schedules and relative value systems as well as compliance and rules for teaching physicians.

Information systems are a significant investment and this course describes the process of implementing an information system from the RFP stage to the integration of financial and clinical information.

Budget preparation techniques are presented, along with methods of assessing financial performance, projecting revenue, and evaluating capital projects. The course describes the value of cost accounting and how it is performed. In addition, the course explains methods for evaluating and negotiating payer contracts.
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Certified Specialist Business Intelligence (CSBI)

Healthcare organizational data has a wide range of uses. Healthcare business intelligence can provide organizations with the ability to use their data to:

  • Improve quality of care
  • Increase financial efficiency
  • Strengthen operational effectiveness
  • Conduct innovative research
  • Establish strategic directions and monitor progress towards goals
  • Identify and manage risk

Useful business intelligence requires people with the capabilities to inspect, clean, transform, and model data with the goals of highlighting useful information, suggesting conclusions, and supporting decision-making. This course presents methods for looking at the right data and using tools to ensure that useful information is illuminated and used to enable powerful actions and decisions in healthcare organizations.
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