The Northern New England (NNE) HFMA Chapter offers three (3) scholarship programs for students, HFMA members and their families annually. These programs are designed to:
a. Engage with students majoring in healthcare finance or administration in the three schools with whom we partner in each of the Northern New England states.
b. Recognize chapter members who are involved in the chapter either through volunteerism, leadership, etc.
1. Student Engagement Scholarship
We have either selected, or are in the process of selecting, one college or university in Maine, New Hampshire and Vermont that has a healthcare finance and/or healthcare administration major or degree with whom to partner. As of April 2022 we have selected University of New Hampshire and Champlain College as partners and are in the process of selecting a Maine to with whom to partner. The criteria provided to the schools for nomination is that the students must be majoring in a healthcare finance or administration program, be a resident in one of the northern New England states during the school year such that they would be able to attend the chapter annual meeting as described in the following paragraph.
The goal is to provide up to 40 students with student membership in HFMA and subsidize their attendance at the chapter’s annual meeting/conference that normally occurs in the Spring. These students would be nominated for the scholarship by the director of the respective program. As student members they would also be able to avail themselves of the numerous webinars that we provide to chapter members at no charge. As these student members engage with HFMA through education and networking with other chapter members they will see the value in their membership and seek to maintain their membership post-graduation as they enter the workforce.
2. Chapter Member Continuing Education
- What is it?
The NNE HFMA Chapter would like to provide a benefit to its members who have demonstrated their involvement in, or volunteerism with, HFMA at the chapter or national level and who wish to continue their formal education in healthcare financial management or administration through a scholarship program. The successful recipient will receive an award of the lesser of $1,000, or the cost of the specific course.
- Who may benefit?
Any NNE HFMA regular member in good standing who has been involved in the chapter or HFMA which can be demonstrated with at least 10 Founders award points may apply for the scholarship. The member must be enrolled in an accredited college or university in a bachelors or masters program concentrating in the field of healthcare finance or administration. The applicant must apply for one course per college term, and is limited to two NNE Chapter HFMA Continuing Education scholarship awards in their lifetime.
- When is it awarded?
Applications will be accepted from the successful candidate on a prospective basis, i.e., prior to the beginning of their course work. The application must be submitted to the chairperson of the Scholarship Committee in writing by July 1 for coursework beginning during the fall or spring term prior to your attendance. The Scholarship Committee will consider all applications and will base its recommendations for awards, subject to Chapter board approval, which will be based on availability of scholarship funds, based on the candidate’s ability to prove financial need, service to the Chapter, and ultimately the scholastic performance of the member in the course. The Chapter is currently limited to an annual expenditure of $1,000 at the discretion of the Board of Directors. Payments will be made directly to the school for the benefit of (f/b/o) the recipient.
- How to apply?
The member must complete the scholarship application and submit all required material prior to July 1, as described above, of the year prior to their enrollment in the specific course, which would be covered by the scholarship.
3. NNE HFMA Family Member
The final program also is intended to benefit those chapter members who have demonstrated their involvement with or volunteerism with the NNE Chapter or HFMA nationally. This program allows an immediate family member of an HFMA member to receive a $1,000 scholarship if they are enrolled in a four year degree at an accredited college or university, and are majoring in a financial management related field, and maintain a 3.0 or better grade point average on a 4.0 scale. Initially one $1,000 scholarship will be awarded.
Applications for the NNE HFMA Family Member Scholarship are due to the committee by July 1, 2022 so that the award can be made in time for the Fall 2022 semester.