FINANCE

Managing Financial Resources in Health and Social Care





Learning Outcome 13

1.13

1.23

1.33

1.44

Learning Outcome 24

2.14

2.25

2.35

2.45

Learning Outcome 36

3.16

3.26

3.36

Learning Outcome 47

4.17

4.27

4.37

4.48

Managing Financial Resources in Health and Social Care

Learning Outcome 1

1.1

Whatever the resources are being used are needed to be acknowledged. But, this may simply mean having access to the databases as well as the records of the service provider, patient's statistics, claims of the insurance and the corresponding household surveys can work wonders for them. Ideally speaking the consumption of funds that is carried out in the healthcare organizations such as Silloth must be wide-ranging in its nature and it should be convincing and representative. (Scott et al, 2001, p.191).

1.2

The asset allocation can be carried out in a improved method using secondary data that is taken from some of the national registers and database (McIntyre et al. 2006, p.858). Current cost breakdown and financial assessment studies have pointed out the primary and secondary data can be put into exercise when one talks about the information that is needed for healthcare systems (Scott et al, 2001, p.191).

1.3

Sometimes what regulatory bodies try to do is that they try to help larger social and healthcare institutes like Silloth to run productively, and thus it helps their foundation (McIntyre et al. 2006, p.858). There are diverse set of laws that can be seen having their result on the financial guidelines, most of the times, the organization such as Silloth will try to bargain with the regulatory authorities to discuss about some of the regulatory requirements.

1.4

Particulalry about Silloth Nursing Home, it can be seen that the way they are earning their revenues, there seems to be a certain trend that can be observed about it. One thing that can they may need to look at the future is that the targets that are being set by them are not very realistic. The revenue targets that are chalked out are unlrealistic to say the least and shows the over optimist of Silloth. The portfolio of the healthcare centre is also expanding and thus it s needed to be looked at either they want financial stability for some time or they want to opt for expansion.

Learning Outcome 2

2.1

Financial support that is needed to be given to the selected pensioners, people who are not working and sickness funds that are allocated by the Government are few of the sources that healthcare services collect from them. The most important source of income for the government is taxes. (Campbell et al, 2007, p.455).

2.2

One important factor that adds towards the general funding of healthcare group is that the healthcare expenditures seem to vary in the same manner as the GDP expansion rate (Campbell et al, 2007, p.455). There are many factors that can have an effect on the support of the healthcare organization. One of the more significant reasons is that the monetary and economic state of affairs that is prevailing in the country at that moment of time.

2.3

There are other expenditures that might be occurred by healthcare ...