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CHFP Exam Questions & Answers
Certified Healthcare Financial Professional • HFMA
310 Questions
120 min
Updated Sep 2026
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Sample CHFP Questions
Practice with real exam-style questions, each with the verified correct answer and explanation.
Q1
MultipleChoice
The formula to calculate break-even is:
Correct Answer: B
Q2
MultipleChoice
A budget that accommodates a range or multiple levels of activities is known as:
Correct Answer: A
Q3
MultipleChoice
A method in which interest is calculated on both the original principal and on all interest accumulated since the beginning of the investment time period refers to:
Correct Answer: B
Q4
MultipleChoice
A fixed-fee payment system instituted by CMS to shift the financial risk of care to the provider in the provision of outpatient services to Medicare recipients is called:
Correct Answer: A
Q5
MultipleChoice
Risk pool is:
Correct Answer: B
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Unlock All CHFP QuestionsFrequently Asked Questions
To be eligible for the CHFP exam, candidates must have a minimum of three years of healthcare financial management experience within the past five years. Additionally, applicants need to hold a bachelor's degree from an accredited institution or have equivalent work experience that substitutes for educational requirements.
The CHFP exam consists of 150 multiple-choice questions that must be completed within a four-hour testing window. The exam covers various domains of healthcare financial management including financial accounting, managerial accounting, and financial management.
A score of 70% or higher is required to pass the CHFP certification exam. The exam uses a scaled scoring method, which means the final score is adjusted based on the difficulty of questions presented to each candidate.
Candidates who do not pass the CHFP exam may retake it, but there is typically a waiting period before attempting the exam again. HFMA allows retakes, and candidates should consult the current HFMA guidelines for specific retesting policies and any associated fees.
The CHFP certification is typically valid for three years from the date of passing the exam. Certified professionals must complete continuing education requirements and maintain their membership with HFMA to renew their certification after the three-year period expires.