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Exam Overview
Exam Code CHFP
Exam Name Certified Healthcare Financial Professional
Vendor HFMA
Total Questions 310
Last Updated 26-Oct, 2026
Free CHFP Questions Get Premium Access
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Free CHFP Practice Questions

Explore 5 free practice questions for the HFMA CHFP exam and review the answers and explanations to support your preparation.

  1. Question 1

    True / False

    The difference between the initial amount paid for an investment and the future cash outflows that the investment brings in, adjusted for the cost of capital is called Net present value.

    • Option A: True
      Correct
    • Option B: False
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: B

  2. Question 2

    Single answer

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

    • Option A:

      Medicare Part A

      Correct
    • Option B:

      Medicare Part B

      Correct
    • Option C:

      Medicare Part D

      Correct
    • Option D:

      Medicare Part F

      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: C

  3. Question 3

    True / False

    The variable asset turnover ratio is a measure of how productive the fixed assets of the organization are in generating operating revenues.

    • Option A: True
      Correct
    • Option B: False
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: B

  4. Question 4

    Single answer

    The formula for calculating the horizontal analysis is:

    • Option A:

      (subsequent year -- current year / previous year) = percentage change

      Correct
    • Option B:

      (subsequent year -- previous year / previous year) * 100 = percentage change

      Correct
    • Option C:

      (current year -- previous year / current year) * 100 = percentage change

      Correct
    • Option D:

      (current year -- previous year / subsequent year) + 365 = percentage change

      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: B

  5. Question 5

    Single answer

    The formula for calculating the horizontal analysis is:


    • Option A:

      (subsequent year -- current year / previous year) = percentage change

      Correct
    • Option B:

      (subsequent year -- previous year / previous year) * 100 = percentage change

      Correct
    • Option C:

      (current year -- previous year / current year) * 100 = percentage change

      Correct
    • Option D:

      (current year -- previous year / subsequent year) + 365 = percentage change

      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: A