Free Online HFMA CHFP Practice Test

Prepare Your HFMA CHFP Exam Questions with Free online CHFP Practice Test. Get Brilliant Certified Healthcare Financial Professional (CHFP) Exam Results with Valid CHFP Exam Dumps.

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Total 315 Questions | Updated On: May 15, 2024

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Question 1

The formula to calculate the present value of an amount to be received in the future is:

A : PV = FV – [1 + (1+n) i]

B : PV = FV + [1 + (1-n) n]

C : PV = FV * [1 / (1+i) n]

D : PV = FV / [1 / (1-n) i]

Answer: C

Question 2

Which measure a facility’s ability to meet short-term obligations, collect receivables and maintain a

cash position?

A : Benchmarking

B : Cash adjustments

C : Quick ratio

D : Liquidity ratios

Answer: D

Question 3

Debt service coverage is equal to:

A : (gross income + debts + depreciation + amortization) / maximum half year debt service payments

B : (net income + interest + depreciation + amortization) / maximum annual debt service payments

C : (net income + expenses + depreciation + amortization) / minimum annual interest service payments

D : (net income + revenues + appreciation + amortization) / minimum half year interest service payments

Answer: B

Question 4

Prescription drug coverage for Medicare enrollees, which offsets some of the out-ofpocket costs for medications, this covers:

A : Medicare Part A

B : Medicare Part B

C : Medicare Part D

D : Medicare Part F

Answer: C

Question 5

Requiring the patient to pay part of the health care bill and are used to prevent overutilization of

services refers to:

A : Copayment

B : Part-payment

C : Half-payment

D : Over-payment

Answer: A

Page: 1 / 63

Total 315 Questions | Updated On: May 15, 2024

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