Ausschreibungen

The Care Quality Commission (CQC) is the independent regulator of health and social care in England. We ensure that health and social care services provide people with safe, effective, compassionate, and high-quality care and we encourage services to improve. CQC has a new legal requirement from April 2015 which aims to provide an early warning of possible business failure so local authorities can ensure continuity of care for individuals should providers face financial difficulty. CQC seeks to engage with the market to: Support a developing in-house team who will need some external expertise in arriving at an appropriate judgement on financial risk. This could include: — Access to very specialist advice, such as property and landlord intention; — A second opinion on deliverability and appropriateness with regard to complex restructuring issues raised in risk mitigation plans; — Additional capacity if the level of risk and restructuring activity in the market is more than we have predicted. We have based the size of the in house team on our best assessment of the level risk in the ASC market, but this is by necessity a relatively blind guess, as there is no oversight currently in the ASC market, if there is more risk than assumed, we will need the resource to provide additional support both in initial and ongoing analysis of quarterly returns, and potentially in leading the risk based engagement with providers of concern. In addition to the above there may be a need to commission an Independent Business Review(s) based on market information. There are currently 42 providers of who currently meet the defined entry criteria for market oversight, The market oversight operating model and the legislative framework gives CQC the ability to commission an Independent Business Review (IBR). An IBR is a common tool used by banks in assessing risk and the viability of the business to be turned around, and allows for a thorough assessment of the business. The definition of an IBR is ‘a financial review based on facts and figures that provides an unbiased view on a company's forecasts. A deep and thorough analysis will develop or refine a structured plan with strategic options for the different stakeholders. An IBR can also be tailored towards rescuing a troubled company which is quite different from dealing with a healthy business and requires specialised knowledge’. As this is a new service being commissioned it is unclear how many of these reviews are to be commissioned (if any), this will be very dependent upon market conditions. Therefore there is no commitment in quantity to this service and these reviews are not indicated in the value identified below. The key skills for both of the above points are: — Expertise and experience at financial risk assessment in businesses; — Extensive knowledge and experience in successfully navigating insolvency and restructuring; — Strong relationship and stakeholder engagement skills.

Market Oversight Services in Adult Social Care.

Informiere dich täglich über neue Ausschreibungen zum Thema Financial auditing services

Informiere dich täglich über neue
Ausschreibungen zum Thema Financial auditing services