CQC PSO 064 Financial Assessment of Adult Social Care Providers

THE REQUIREMENT

Primarily the contractor is required to provide resources to carry out an assessment of the forty four ASC providers’ company finance, accounts and debt structures.

Core capabilities required include the ability to provide:

This is a highly specialised area and the skill set and experience required for the task is a key requirement to meet the overall objective of assuring CQC that the financial and business aspects of companies providing care services are viable.

Commercial expertise and/or a detailed banking or restructuring background is a key asset in enabling this role, as highly specialised skills and knowledge is required of complex company accounting, lending, refinancing, debt and repayment strategies.

CQC has published guidance for providers. The guidance is available on the CQC website The tasks and activties set out below support the delivery of the MO operating model.

The tasks:

There are 3 key blocks of activity being sought

Activity One:

In delivering these activities, please note that CQC has developed a Financial Submission template. In Appendix C is a summary of this template, which lists the indicators which are included. CQC has a secure portal for information exchange between CQC and the providers and this will be needed to be used as the primary storage of information

Activity Two:

Confirm that the following have not changed

This task may be completed by analysing publicly available information; information provided by the provider and may need to be supplemented with discussions with the providers in question.

Activity Three

• Each quarters performance can be assessed against recent performance and anticipated future performance from the business plan