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CHFP Exam Questions & Answers

Exam Code: CHFP

Exam Name: Certified Healthcare Financial Professional

Updated: Apr 19, 2024

Q&As: 315

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Practice These Free Questions and Answers to Pass the Certified Healthcare Financial Professional Exam

Questions 1

An amount paid above and beyond the book value of an asset when it is sold, representing the value of intangible factors refers to:

A. Salvage value

B. Pro forma statement

C. Goodwill

D. Annuity

Show Answer
Questions 2

_______________are adjusted by multiplying hospital total discharges by a factor defined as gross patient revenue divided by gross inpatient revenue.

A. Operating margin

B. Profitability ratios

C. Discharges

D. Revenue adjustments

Show Answer
Questions 3

Total contribution margin is:

A. Total revenues * actual variable costs / total variable costs

B. Actual revenues ?Actual variable costs

C. Total expenses + total variable costs

D. Total revenues ?total variable costs

Show Answer
Questions 4

If the contribution margin per unit is positive and no other additional costs will be incurred, then it is in the best financial interest of the organization to continue to provide additional units of that service , even the organization is not fully covering all its other costs otherwise not, this is called:

A. Subcapitation margin rule

B. Additional margin rule

C. Contribution margin rule

D. Incremental / decremental margin rule

Show Answer
Questions 5

An amount paid above and beyond the book value of an asset when it is sold, representing the value of intangible factors refers to:

A. Goodwill

B. Pro forma statement

C. Salvage value

D. Annuity

Show Answer

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