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If you are planning to take the AHIP AHM-520 Health Plan Finance and Risk Management exam, then you need to be well-prepared. The AHM-520 exam is designed to test your knowledge of the principles and practices of financial management and risk management in the health insurance industry. This exam is part of the AHIP Health Plans series, and passing it is a requirement for obtaining the AHIP Health Plans Certification. In this article, we will provide you with information on the topics covered in the exam, exam objectives, exam details, and related books to help you pass the AHM-520 exam.
Exam Objectives:
The AHM-520 Health Plan Finance and Risk Management exam covers the following exam objectives:
- Principles of Health Plan Finance
- Health Plan Financial Statements
- Health Plan Financial Analysis
- Financial Planning and Budgeting
- Health Plan Revenue
- Health Plan Expenditures
- Investments and Capital Management
- Health Plan Risk Management
The AHM-520 exam is designed for professionals who are working in the health insurance industry and are involved in financial management and risk management. This exam is recommended for individuals who have experience in health plan finance and risk management, and are looking to validate their knowledge and skills. Candidates should have a basic understanding of financial concepts and terminology, including financial statements, budgeting, revenue, and expenditures.
Exam Details:
The AHM-520 Health Plan Finance and Risk Management exam is a computer-based exam that is administered by AHIP. The exam consists of 50 multiple-choice questions, and candidates have 2 hours to complete the exam. The passing score for the AHM-520 exam is 70%, and the exam fee is $225 for AHIP members and $325 for non-members. The exam is available in English and Spanish, and candidates can take the exam at a Prometric Testing Center or through a remote proctoring system.
Related Books:
To help you prepare for the AHM-520 Health Plan Finance and Risk Management exam, we recommend the following books:
- Health Insurance and Managed Care: What They Are and How They Work, by Peter R. Kongstvedt
- Essentials of Health Care Finance, by William O. Cleverley, James O. Cleverley, and Paula H. Song
- Introduction to Health Care Finance and Accounting, by Carlene Harrison and William P. Harrison
- Health Care Finance: Basic Tools for Nonfinancial Managers, by Judith J. Baker and R. W. Baker
These books cover the principles and practices of health plan finance and risk management, and provide in-depth explanations of financial concepts and terminology. They also include case studies and exercises that will help you apply your knowledge to real-world scenarios.
Passing the AHM-520 Health Plan Finance and Risk Management exam requires a thorough understanding of the exam objectives and related concepts. With the right preparation and resources, you can pass the exam and obtain the AHIP Health Plans Certification.
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