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Qualification
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Pearson BTEC Level 4 HNC in Health and Social Care
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Assessor name
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Dudley Ofori
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Unit Number and title
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UNIT 14: MANAGING FINANCIAL RESOURCES IN HEALTH AND SOCIAL CARE
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Student name
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Criteria Reference
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To achieve the criteria the evidence must show that the student is able to:
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Achieved?
(tick)
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LO 1
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Understand how systems are used to manage financial resources in health and social care
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1.1
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explain the principles of costing and business control systems
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1.2
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identify information needed to manage financial resources
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1.3.
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explain the regulatory requirements for managing financial resources
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1.4.
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evaluate systems for managing financial resources in a health or care organisation
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LO 2
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Understand the role of planning in the management of health and social care budgets
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2.1
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discuss the diverse sources of income that may be encountered in health and social care
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2.2
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analyse the factors that may influence the availability of financial resources in health and social care organisations
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2.3.
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review different types of budget expenditure in health and social care organisations
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2.4.
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evaluate how decisions about expenditure are made within a health or social care organisation
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LO 3
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Understand the importance of monitoring budget expenditure in health and social care organisations
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3.1
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explain how financial shortfalls can be managed
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3.2
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explain the actions to be taken in the event of suspected fraud
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3.3
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evaluate budget monitoring arrangements in a health or social care organisation
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LO4
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Understand how systems and processes for managing financial resources influence health and social care services.
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4.1
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identify information required to make financial decisions relating to a health and social care service
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4.2
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analyse the relationship between a health and social care service delivered, costs and expenditure
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4.3
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evaluate how financial considerations impact upon an individual using the health and social care service
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4.4.
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suggest ways to improve the health and social care service through changes to financial systems and processes.
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Higher Grade achievements (where applicable)
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Grade descriptor
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Achieved?
(tick)
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Grade descriptor
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Achieved?
(tick)
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M1 Identify and apply strategies to find appropriate solutions
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D1 Demonstrate convergent /lateral / creative thinking
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M2 Select/design and apply appropriate methods/techniques
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D2 Take responsibility for managing and organising activities
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M3 Present and communicate appropriate findings
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D3 Use critical reflection to evaluate own work and justify valid conclusions
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