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Managing Financial Resources in Health and Social Care BTEC

Managing Financial Resources in Health and Social Care – BTEC

Scenario

You are one of the home managers for CareTech Holdings PLC, a leading UK provider of specialist social care services. You have been invited to present a report to the Directors of the company, MONITOR (NHS) and some CCG representatives as part of government review and monitoring of your care home

The evidences towards this assignment should include: Report

This Report is aimed to demonstrate your understanding and knowledge in Planning and managing budget in your home, it will show your skills in resource control and managing shortfall with your ability to make prediction and make recommendation for the future expenditure in CareTech Holdings Plc.

Your report should cover and incorporate all tasks and learning outcomes within the suggested word count of 4,500 (± 10%) words.

You should refer to the assessment criteria and the relevant unit content, when preparing your evidence of assessment.

You can access the Annual report of CareTech Holdings Plc for 2016 the link below:

http://www.caretech-uk.com/~/media/Files/C/Caretech-UK/reports-and-presentations/annual-report-2016.pdf

A shorter version of the annual report on STP Moodle, Assignment Pack folder.

Learning outcome 1 (1.1, 1.2, 1.3, 1.4)

1.1     Explain the principles of costing and business control systems that may be adopted in CareTech Holdings Plc.

1.2     Identify the information needed to manage financial resource for CareTech Holdings Plc in financial ending.

1.3     Explain the regulatory requirements need to be satisfied while managing financial resources in CareTech Holdings Plc.

1.4     Evaluate the systems for managing financial resources in CareTech Holdings Plc.

Learning outcome 2  (LO 2.1, 2.2, 2.3, 2.4)

2.1     Discuss the diverse sources of income available to CareTech PLC in the financial year in 2016

2.2     Analyse the factors that may influence the availability of financial resources in CareTech Plc

2.3     Review different types of budget expenditure in CareTech Plc.

2.4     Evaluate how decisions about expenditure could be made in CareTech Plc.

Learning outcome 3 (LO 3.1, 3.2, 3.3)

3.1     Assuming there was financial shortfall in CareTech PLC; explain how this situation could be managed.

3.2     Explain what action you would take if you suspect occurrence of financial fraud in your organisation.

3.3     Evaluate budget monitoring arrangements in CareTech Plc.

Learning outcome 4 (LO 4.1, 4.2, 4.3, 4.4)

4.1     Identify information required to make financial decisions relating to CareTech Plc.

4.2     Analyse the relationship between care service delivered and ‘costs and expenditure’.

4.3     Evaluate how financial considerations impact upon a service user.

4.4     Suggest ways to improve the care service provided by CareTech Plc. through changes to its financial systems and processes.

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