FINANCIAL ANALYSIS

FINANCIAL ANALYSIS

Managing Financial Resources in Health and Social Care

BUPA case Analysis

Introduction

BUPA, Business United Provided Association is the global healthcare group. The quality health care is provided by BUPA all around the world in the range of settings such as the dental centres, clinics, hospitals and the care homes. Their span of the services complex acute care for the preventative wellbeing and they also engage millions of the people all over the world in their health by providing them the advice and trusted information. The business model of BUPA is shaped by their own commitments for serving their customers as the partner of the healthcare. They emphasis on the creation of the person centred health care system that delivers the right intervention for the right place and at the right time. They are also committed to meet thei needs of the customers all across the life stages.

BUPA is the leader of the healthcare group as it serves in more than one hundred and fourteen million customers. It also offers the financed health insurance along with the personal insurance. The medical subscription is also offered in their products. The firm is basically a private limited while there is no involvement of the shareholders. In the United Kingdom the BUPA is the largest medical insurer whith having almost 2.5 million people with having the detailed range of the medical schemes and facilities that exists between the business and the individuals.BUPA was established in the year 1947 in the United Kingdom and there initial purpose was to cure the every type of the sickness. There are almost more than 62000 employees working in different regions of the world and also BUPA purposes happy, healthy and long lives for the people.

1.1 Business Control System in BUPA

The core processes of business of BUPA is to include the planned activities which helps in guiding the directions of the cultural change. There are different departments in BUPA and each department of BUPA relies on the implementation of the new system depends on the needs and the expectations of the department. There is a flat system of the managementwith having the top and many second level managers. The problems of the management is carried out on the behalf of the judiciary system of the countries. The strategies are developed by the top level management for the purpose of the planning. This includes current and the future planning of the organization. This type of planning in BUPA helps their management for aligning the planning strategies in order to achieve their goal with having diverse and different speciality in the BUPA. This also plans for the advanacement in the technologies and other kep sources and process of the businesses. This includes the total quality management, the balanced scorecard, guidelinig for the strategy and the architecture, the balanced scorecards, the six sigma strategies along with that the activity based costing and the value addition (Armstrong, 2004).

1.2 Main Income Heads for BUPA

2012 2011

Note

£m

£m

Revenues

Gross insurance premiums ...