Managing Financial Resources in the health and Social Care Organisations – CARETECH HOLDING PLS.

Coursework Regulations
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Outcomes and assessment requirements

Assignment title Managing Financial Resources in the health and Social Care Organisations – CARETECH HOLDING PLS

Learning Outcome (LO)

Assessment Criteria   In this assessment you will have the opportunity to present evidence that shows you are able to:
LO1 – TASK 1
Understand how systems are used to manage financial resources in health and social care   1.1   Explain the principles of costing and business control systems
1.2   Identify information needed to manage financial resources
1.3   Explain the regulatory requirements for managing financial resources
1.4   D1   Evaluate systems for managing financial resources in a health or care organisation
LO2 – TASK 2
Understand the role of
planning in the management of health and social care budgets   2.1   Discuss the diverse sources of income that may be encountered in health and social care
2.2M3, D2   Analyse the factors that may influence the availability of financial resources in health and social care organisations
2.3M3   Review different types of budget expenditure in health and social care organisations
2.4    D1   Evaluate how decisions about expenditure are made within a health or social care organisation
LO3 – TASK 3
Understand the importance of monitoring budget expenditure in health and social care organisations   3.1   Explain how financial shortfalls can be managed
3.2   Explain the actions to be taken in the event of suspected fraud
3.3 M1, D3   Evaluate budget monitoring arrangements in a health or social care organisation
LO4 – TASK 4
Understand how systems and processes for managing financial resources influence health and social care
services.    4.1   Identify information required to make financial decisions relating to a health and social care service
4.2D2   Analyse the relationship between a health and social care service delivered, costs and expenditure
4.3 M1   Evaluate how financial considerations impact upon an individual using the health and social care service
4.4D3   Suggest ways to improve the health and social care service through changes to financial systems and processes

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Learner declaration
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.

Student signature: Date:

In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades
Grade Descriptor Indicative characteristic/s Contextualisation
M1
Identify and apply strategies to find appropriate solutions

An effective approach to study and research has been applied To achieve M1 you must demonstrate that you have evaluated budget monitoring arrangements in a health or social care organisation with example and relevant citations(3.3)
To achieve M1 you must evaluate how financial considerations impact upon an individual using the health and social care service with example and relevant citations (4.3)
M2
Select/design and apply appropriate methods/techniques

A range of sources of information has been used To achieve M2 you must select appropriate resource materials for the assignment with the use of the internet, journals, publications and text. The bibliography must be presented in Harvard Referencing format. (ALL TASK)
M3
Present and communicate appropriate findings
The appropriate structure and approach has been used To achieve M3 you must analyse the factors that may influence the availability of financial resources in health and social care organisationswith example and relevant citations(2.2)
To achieve M3 you mustreview different types of budget expenditure in health and social care organisations with example and relevant citations(2.3)
D1
Use critical reflection to evaluate own work and justify valid conclusions
Conclusion arrived at through synthesis of ideas & justified

To achieve D1 you must critically evaluate how decisions about expenditure are made within a health or social care organisationwith supporting evidence from the case study/own experience and drawing a justified conclusion.(2.4)

To achieve D1 you must evaluate systems for managing financial resources in a health or care organisationwith supporting evidence from the case study/own experience and drawing a justified conclusion (1.4)
D2
Take responsibility for managing and organising activities
The importance of interdependence recognised and achieved To achieve D2 you must critically analyse the relationship between a health and social care service delivered, costs and expenditureshowing the relationship (interdependence) between service delivered, cost and expenditures. You analysis should be backed by appropriate research(4.2)
To achieve D2 you mustcritically analyse the factors that may influence the availability of financial resources in health and social care organisations. You must clearly show the relationship between these factors and how they influence financial resources(2.2)
D3
Demonstrate convergent/lateral/ creative thinking
Innovation/Creative thought have been applied To achieve D3your suggestion must demonstrated creative and innovative thinking on ways to improve the health and social care service through changes to financial systems and processes(4.4)

To achieve D3 you must critically evaluate budget monitoring arrangement in health or social care organisation. You should also suggest other innovative ways of budget monitoring with justification(3.3)

Assignment brief
Assignment title Managing Financial Resources in the health and Social Care Organisations – CARETECH HOLDING PLS
Purpose of this assignment
The health and social act 2012requires health practitioner and social care managers to be more innovative, more productive and more accountable while delivering the NHS, Adult Social care and Public health outcomes (quality, safety and patient experience)

By carring out this assignment learners will be equipped with the knowledge and understanding
needed to monitor costs, make predictions, evaluate the process of effective control of resource
allocation, including shortfalls, and make recommendations for expenditure in health and social care organisation
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

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 Holding PLC