100+ Free CHFP Practice Questions
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Key Facts: CHFP Exam
65%
Passing Score (Module II)
HFMA
$465
Annual Membership Fee
HFMA (professional tier)
131
Total Exam Questions
75 MCQ + 56 case-study
4.5 hrs
Total Exam Time
90 min + 3 hours
14 CPEs
CPE Credits Earned
HFMA
$87.5K
Avg CHFP Salary
ZipRecruiter 2026
The CHFP certification demonstrates expertise across four pillars: business acumen, collaboration, financial strategy, and future trends. HFMA membership is required ($465/year professional) and includes access to both modules. Healthcare finance professionals with CHFP certification earn an average salary of $87,500 (ZipRecruiter 2026). The credential requires 60 CPE hours every 3 years to maintain and is a prerequisite for the Fellow of HFMA (FHFMA) designation.
About the CHFP Exam
The CHFP is HFMA's flagship certification for healthcare financial professionals. It is earned through two modules: Module I (Business of Health Care) covers 6 content areas with 75 multiple-choice questions in 90 minutes, and Module II (Operational Excellence) tests application through 8 case studies with 56 questions in 3 hours.
Questions
131 scored questions
Time Limit
4.5 hours (90 min Module I + 3 hrs Module II)
Passing Score
65%
Exam Fee
Included with HFMA membership ($465/yr) (HFMA)
CHFP Exam Content Outline
The Big Picture
Healthcare environment, reform, payment systems, and financial management roles
Financial Accounting Concepts
Accounting principles, financial statements, management reports, and ratio analysis
Cost Accounting Principles
Cost management, cost-finding methods, pricing strategies, and profit analysis
Strategic Financial Issues
Strategic planning, budgeting, variance analysis, and benchmarking
Managing Financial Resources
Revenue cycle, working capital, metrics and data, long-term financing
Looking to the Future
Evolving reimbursement, business intelligence, population health, clinician alignment
How to Pass the CHFP Exam
What You Need to Know
- Passing score: 65%
- Exam length: 131 questions
- Time limit: 4.5 hours (90 min Module I + 3 hrs Module II)
- Exam fee: Included with HFMA membership ($465/yr)
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
CHFP Study Tips from Top Performers
Frequently Asked Questions
What is the CHFP exam?
The Certified Healthcare Financial Professional (CHFP) is HFMA's flagship certification for healthcare finance professionals. It consists of two modules: Module I (Business of Health Care) with 75 multiple-choice questions in 90 minutes, and Module II (Operational Excellence) with 56 case-study questions in 3 hours. Both are administered online through HFMA's learning management system.
How hard is the CHFP exam?
The CHFP is considered moderately difficult. Module I tests foundational knowledge across 6 healthcare finance domains. Module II is more challenging, requiring you to apply Module I knowledge through 8 real-world case studies. The passing score is 65% for Module II. HFMA recommends 14-20 hours of study for Module I coursework. Success rates are not publicly disclosed.
What is the CHFP pass rate?
HFMA does not publicly disclose CHFP pass rates. However, the program provides extensive coursework in Module I to prepare candidates, and a key concepts guide is available for Module II. If you do not pass, there is a mandatory 30-day waiting period before retaking. The 65% passing score for Module II is achievable with thorough preparation.
How many questions are on the CHFP exam?
The CHFP has 131 total questions across both modules. Module I has 75 multiple-choice questions to be completed in 90 minutes. Module II has 56 questions presented as 8 case studies with 7 questions each, to be completed in 3 hours. You must pass both modules to earn the CHFP designation.
What salary can CHFP holders expect?
According to ZipRecruiter (2026), the average salary for CHFP holders is approximately $87,500 per year ($42/hour). Robert Half's 2026 Healthcare Salary Guide identifies CHFP as an in-demand certification that can command higher starting salaries. Roles range from finance directors and controllers to revenue cycle managers and consultants, with senior positions earning $100,000-$150,000+.