Certified Healthcare Financial Professional (CHFP) - HFMA

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Sample CHFP Exam Questions & Explanations

Practice with real question formats, multiple choice options, and detailed answer explanations for HFMA CHFP.

Question #1 Verified Q&A
The key factors that have contributed to the higher cost of health care include:
A Aging population, chronic disease, performance payment and litigation
B Technology, aging population, chronic disease and litigation
C All of the above
D Technology, performance payment and litigation
Correct Answer: Technology, aging population, chronic disease and litigation
Question #2 Verified Q&A
What change the basis of payment for hospital outpatient services from a flat fee for individual services to fixed reimbursement for bundled services?
A Cost compliance and litigation
B Ambulatory payment classifications
C Cost payment system
D None of the above
Correct Answer: Ambulatory payment classifications
Question #3 Verified Q&A
when providers try to get one payor to pay for costs that have not been covered by another payor, this refers to:
A Cost capitalization
B Cost-shifting
C Cost Capacity
D Prospective cost
Correct Answer: Cost-shifting
Question #4 Verified Q&A
The combination of age and technology has increased cost with the passage of time.
A True
B False
Correct Answer: True
Question #5 Verified Q&A
Prescription drug coverage for Medicare enrollees, which offsets some of the out-ofpocket costs for medications, this covers:
A Medicare Part D
B Medicare Part F
C Medicare Part B
D Medicare Part A
Correct Answer: Medicare Part D

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Frequently Asked Questions

Common questions about the HFMA CHFP certification practice test

How many questions are in the HFMA CHFP practice exam on ExamsQA?
Our CHFP (Certified Healthcare Financial Professional) practice question bank currently includes 309 verified questions with comprehensive explanations.
Are the CHFP exam practice questions up to date for 2026?
Yes, all HFMA CHFP practice questions are regularly updated and verified against current exam objectives.
Will the CHFP practice questions help me pass on my first attempt?
The CHFP (Certified Healthcare Financial Professional) question bank is built to mirror the real exam's format and topics, with detailed explanations for every answer so you understand the reasoning — not just memorize responses.
Is there a free demo available for CHFP Certified Healthcare Financial Professional?
Yes, ExamsQA offers free demo questions for the CHFP exam so you can test the interface and question quality before purchasing full access.