Offering funded places for the HFMA qualification and MBA

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

What is the qualification in healthcare, business and finance

What is on offer?

There are 12 places available for the HFMA qualification in healthcare, business and finance on offer. This is one place per ICS and one for the NHS England regional team.

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. 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.

If you are in an NHS Finance team and employed by the NHS in the Midlands region, this opportunity is open to you. These places are open to the October 2023 and March 2024 cohort and you can select the cohort that suits you availability best. There are no other prerequisites required, and applications from finance professionals in a range of roles and bandings are welcome.

Please note, all funding is subject to strength of application, the number of applications we receive per ICS and is dependent on approval through the various governing bodies of the Midlands Finance Academy.  

How do I find out more about the qualification?

There are various ways you can find out more about the qualification. Firstly, you can visit the HFMA website page, in which you can learn about the tutors, specific modules and view the prospectus. Secondly, the South West Finance Academy ran some online informative sessions on the qualification, as they are supporting colleagues within their region access this. The recordings of these sessions are available to watch below. Any sponsored opportunities mentioned within these recordings are relevant to the South West Finance Academy, not the Midlands. Lastly, you can have an informal discussion with colleagues about the HFMA qualification. Please contact to arrange this.

How do I apply?

We recommend discussing your suitability with Nick first ( Then you can complete an application form to be considered for this opportunity. This application will be taken to the Midlands Finance Academy for approval. In the instance that there is more than one suitable application per ICS, the Midlands Finance Academy will approach the finance directors in the system to discuss the applications further.

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

Hear from former students