The HFMA Wisconsin Chapter is proud to support the next generation of healthcare business professionals.
Scholarship Purpose The HFMA Wisconsin Chapter Scholarship program:
Promotes awareness of the financial aspects of healthcare among current students
Provides learning and networking opportunities for those pursuing a career in the business of healthcare
Recognizes the contributions of those with demonstrated engagement in the business of healthcare
Increases the visibility of HFMA among current & future professionals
Awards Up to two $2,000 scholarships will be awarded annually for students to apply toward a college degree.
In addition to the monetary award, scholarship recipients plus up to five others from the applicant pool will receive a paid one-year HFMA student membership ($50 value, if eligible per HFMA membership guidelines) and waived registration fees for HFMA Wisconsin Chapter programs for one year from award notification date.
Eligibility Eligible applicants:
Are currently enrolled college students, either full- or part-time, in a degree-seeking program at the undergraduate or graduate level.
Have earned at least 40 post-secondary credits as of the scholarship application date.
Have earned a cumulative GPA of at least 3.0 (on a 4.0 scale) or a GPA of at least 3.0 (on a 4.0 scale) during the most recent completed college term prior to applying.
Have declared one of the following eligible majors: accounting, business/management or a business specialty, economics, finance, general business, healthcare administration, public health, public policy, or a related degree. *Other majors will be considered as part of the holistic application evaluation. Applicants may include a statement explaining the relation of their major to healthcare finance if not one of the specified majors above.
Show an interest in pursuing a position in healthcare post-graduation.
Demonstrate leadership, service, perseverance and/or a commitment to learning as displayed through work or volunteer experience, student association involvement, and/or current HFMA Wisconsin Chapter membership.
Are a Wisconsin resident or are attending a Wisconsin college or university.
Note: This scholarship is focused on the business of healthcare and therefore not for clinical providers of healthcare services. Applicants pursuing a clinical degree (e.g. nursing, physician assistant studies, medical laboratory science, etc.) are not eligible. Applications which do not meet eligibility requirements will not be evaluated.
Evaluation Process & Notification of Awards
Applications meeting all requirements are reviewed by HFMA Wisconsin Chapter leaders including the Awards & Recognition Committee.
Applications are rated based on several dimensions including: interest in pursuing a career in the business of healthcare, engagement in healthcare, experiences reflecting leadership, service, perseverance, and commitment to learning, essay (impact, understanding of healthcare trends and topics, clarity), and GPA.
Scholarship awardees and selected recipients of HFMA student memberships will be notified in late April/early May and will be invited to attend the HFMA Wisconsin Chapter Spring Conference virtual awards ceremony tentatively scheduled for May 20, 2021.
Application Requirements The HFMA Wisconsin Chapter Scholarship application consists of a completed scholarship form available on the HFMA Wisconsin Chapter website. An essay and transcript are required as part of the application.
Essay requirements: An essay containing up to 300 words is required as part of the scholarship application. You may wish to plan your essay and draft it separately before pasting into the application form.
Essay topics (select one of the following):
Discuss the changing payer landscape in healthcare and its potential effects.
Provide an argument for or against greater transparency in healthcare.
How could technology change the business landscape of healthcare?
In your view, what is the greatest challenge facing healthcare today?
Propose a change you would make to healthcare based on lessons learned from COVID-19.
Transcript requirements: A copy of the applicant’s post-secondary transcripts are required as part of the scholarship application. Unofficial transcripts are acceptable. Transcripts must be uploaded in a PDF format and contain the student name, credits completed, GPA, and if applicable, the degree/major working toward.