Unit Code & Title :- HCM5001 Fundamentals of Health And Care Finance
Assessment Type :- Assignment
Assignment Brief :-
As part of the formal assessment for the programme you are required to submit a Fundamentals of Health & Care Finance assignment. Please refer to your Student Hand book for full details of the programme assessment scheme and general information on preparing and submitting assignments.
HCM5001 Fundamentals of Health And Care Finance Assignment – UK
On successful completion of this module students will be able to:
1. Explore and evaluate the financial environment under which health and social care services are provided.
2. Explain the accounting process to prepare financial statements in healthcare and analyse the role of the finance function in a healthcare organisation.
3. Interpret financial statements in healthcare and evaluate financial information
for the management of health care organisations.
4.Determine how to prioritise and evaluate investments in healthcare by applying
tools to assess their financial viability and their benefits/costs for the population of interest.
5. Graduate attributes: Professional Skills
Students will perform effectively within the professional environment. They will work within a team demonstrating interpersonal skills such as effective listening negotiating persuading and presentation. They will be flexible and adaptable to changes within the professional environment
Assignment Tasks
Task 1: Learning Outcome 1
(a) Outline the recent developments in the financial and legal/regulatory environment of health and social care service delivery.
(b) Considering the usefulness of 3 alternative funding options to draw a conclusion on what the best form of funding would be for the health and social care sector.
HCM5001 Fundamentals of Health And Care Finance Assignment – UK
Task 2: Learning Outcomes 3 & 4
a) Review the financial statement for BUPA Group and determine the profitability of the business.
i. Calculate and analyse the Return on Equity (ROE) Du Pont Analysis for 2021 and 2020.
ii. Explain how Du Pont Analysis could be used in decision – making. Is this business viable business in this case?
Industry Average for Healthcare
Sector ROE: 11.6 %
Debt Ratio: 35%
HCM5001 Fundamentals of Health And Care Finance Assignment – UK
b) BUPA has two possible mutually exclusive service offerings. The Finance Manager projected the following investment information. The company’s cost of capital is %10. Evaluate these investment options with Net Present Value (NPV) and Internal Rate of Return (IRR) techniques. Explain what each of these values mean and make a recommendation on which option the company should invest in justifying this decision.
Task 3: Learning outcomes 2 & 3
Assuming the role of a financial advisor write a briefing report to the board of directors of the BUPA Group to cover the following:
(a) Explain the process to prepare financial statement.
(b) Determine the Debt Ratio and include a statement on the solvency position of the company.
c) Critically appraise the role of the traditional finance function for healthcare organisations.
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