Offering funded places for the HFMA qualification and MBA

The South West Finance Academy is providing NHS staff in the South West with the opportunity to further their knowledge, enhance career opportunities and gain an MBA by enrolling in the HFMA qualification in healthcare business and finance with fully funded places.

What’s on offer?

There are 35 places for the qualification in healthcare business and finance, and eight places for the Executive MBA top-up programme on offer.

Who can apply and when?  

HFMA’s masters level qualification in healthcare business and finance is designed specifically for individuals working within the UK healthcare sector. It will help you to broaden your understanding of strategic management and business in the health service to help address the financial and operational challenges facing the system.

To be accepted to study on the HFMA qualifications programme you will need to demonstrate through your application that you can study at masters-level. Learners can work in a range of roles such as medical, clinical, managerial and finance in all sectors of the NHS as well as the commercial sector. There are no prerequisites required, and applications from finance professionals in a range of roles and banding are welcome.

We recommend that candidates with less than two years of professional experience in healthcare should complete the module ‘Making finance work in the NHS’ as part of their HFMA diploma. Qualified accountants with more than 2 years’ experience working in healthcare can gain exemption from the first 60 credits with HFMA if applying to study and wish to move onto the executive MBA.

The places are on offer across three intakes – October 2022, March 2023 and October 2023. This may be extended if places are still available after October 2023.

If you’d like to discuss your suitability for the programme please contact nick.passmore@hfma.org.uk

How do I find out more about the qualification and MBA?

We are running several informative sessions on Microsoft Teams on Thursday mornings through June and July 2022 to provide you with all the information you need and answer any of your questions.

9 June, 10:00 to 11:00 – Introduction to the qualification

16 June, 10:00 to 11:00 – Modules: Managing the Healthcare Business & Creating and delivering value in UK healthcare

23 June, 10:00 to 11:00 – Modules: Supporting quality care through patient-level costing & Personal effectiveness and leadership

30 June, 10:00 to 11:00 – Modules: Making Finance work in the NHS & Tools to support decision-making

7 July, 10:00 to 11:00 – Next steps to MBA

14 July, 10:00 to 11:00 – Hear from former students

Please note some sessions may take less than the full hour.

To book on some or all of these sessions please email becky.vine@hfma.org.uk. The sessions will be recorded and avaliable to watch on catch up at the bottom of this page.

How do I apply?

Email expressions of interest to becky.vine@hfma.org.uk and you will be given a brief form to complete asking for:

  • Your details
  • What you would like to apply for – masters qualification or MBA
  • Your line manager’s details and indication of their support
  • Why you’ve chosen to apply
  • How you feel the programme will benefit your career and your organisation
  • How you intend to fit study around your working commitments

The initial applications will be taken to the South West Finance Leadership Executive as governing body of the South West Academy, who will approve the funded place. Once approved the HFMA qualifications team will be in touch to complete your formal entry.

Deadlines for application

  • 5th September 2022 for October 22 intake
  • 13th February 2023 for March 23 intake
  • 4th September 2023 for October 23 intake

What support will I get as a learner?

The Academy will support learners throughout the application process, and once you are enrolled the HFMA qualification team provides:

  • Support from expert tutors
  • 24/7 accessible learning environment
  • Weekly live evening sessions
  • Guidance on academic study skills
  • Study breaks to allow catch-up

Informative session one – Introduction to the qualification

Informative session two – ‘Managing the Healthcare Business’ and ‘Creating and delivering value in UK healthcare’ modules

Informative session three – ‘Supporting quality care through patient-level costing’ and ‘Personal effectiveness and leadership’ modules

Informative session four – ‘Making finance work in the NHS’ and ‘Tools to support decision making’ modules