AHIP Health Plan Finance and Risk Management : AHM-520 Exam Questions

  • Exam Code: AHM-520
  • Exam Name: Health Plan Finance and Risk Management
  • Updated: Aug 05, 2026
  • Q&As: 215 Questions and Answers

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AHM-520 Exam Reference

Reference: https://www.ahip.org/courses/health-plan-finance-and-risk-management-ahm520

Who should take the AHM-520 exam

  • Case administrators and medical directors who inquire a broader administrative background
  • Employees who work for health care providers or health insurance plans and want to get the educational background to proceed with a management position in the industry
  • Teachers at the school level who teach health care administration
  • Medical management employees working in hospitals, health systems, and, health insurance plans
  • Agents and brokers who expert in life and health insurance
  • Financial executives working with clients looking to maximize their health dollars

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AHIP AHM-520 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Assessment and Risk Management- Risk identification and evaluation
  • 1. Operational and financial risk
    • 2. Insurance risk
      - Risk mitigation strategies
      • 1. Risk adjustment
        • 2. Predictive modeling
          Topic 2: Medical Loss Ratio and Compliance- Compliance requirements
          • 1. Reporting obligations
            • 2. Rebate requirements
              - Medical Loss Ratio concepts
              • 1. Regulatory thresholds
                • 2. MLR calculation
                  Topic 3: Health Plan Financial Structures- Revenue sources and premium development
                  • 1. Premium setting principles
                    • 2. Administrative and medical cost allocation
                      - Financial reporting
                      • 1. Financial statements
                        • 2. Performance measurement
                          Topic 4: Claims Analysis and Utilization Management- Utilization management
                          • 1. Cost containment strategies
                            • 2. Efficiency improvement
                              - Claims data analysis
                              • 1. Trend analysis
                                • 2. Cost drivers
                                  Topic 5: Regulatory and Compliance Framework- Governance and reporting
                                  • 1. Compliance oversight
                                    • 2. Regulatory reporting
                                      - Healthcare regulations
                                      • 1. Affordable Care Act requirements
                                        • 2. State insurance regulations
                                          Topic 6: Actuarial Principles and Forecasting- Actuarial concepts
                                          • 1. Cost projection
                                            • 2. Reserve estimation
                                              - Forecasting methods
                                              • 1. Financial planning
                                                • 2. Scenario modeling
                                                  Topic 7: Provider Payment Models- Traditional and alternative reimbursement
                                                  • 1. Capitation
                                                    • 2. Fee-for-service
                                                      - Value-based payment
                                                      • 1. Financial incentives and provider risk
                                                        • 2. Shared savings arrangements

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