Arden Healthcare: Resource Planning and Management for New Project

This report analyzes resource planning and management strategies for Arden Healthcare, a specialist in health provision, specifically focusing on their 'Mental Health Supported Housing' project. The report examines the importance of achieving optimal service user outcomes in care, exploring ...Read More

Planning & Managing
Resources

Table of Contents
INTRODUCTION...........................................................................................................................1
Question 1: ......................................................................................................................................1
a) Reflecting on the importance of attaining best service user outcomes in care.......................1
b) Analyse at least three different sources of funding and consider two you will use to support
your resource planning strategy ..............................................................................................2
Question 2........................................................................................................................................4
a) Discuss how effective resource management would support the performance of staff, the
care team and the organisation as a whole..................................................................................4
CONCLUSION................................................................................................................................7

INTRODUCTION
Planning & management of the resources is one necessary aspect, which deals with pure
and complete allocation of tangible & intangible entity to give direct benefits to the business.
Here, it means when, any new business is starting, there are some necessary resources such as
money, manpower, machine etc. to carry out business activities. In the current business era, right
planning to collect and manage resources is priority to at-least save business from loss making
condition. This report will cover on Arden Healthcare Ltd is specialist of the health provision
and deals into providing health facilities to its customer. In addition to this, Arden healthcare is
planning and developing strategy for ‘Mental Health Supported Housing’ project. This report
will cover on importance of attaining best service user outcomes in care, different sources of
funding and how effective resources management would be helpful to give support to
performance of the staff, care team and organisation business too. Moreover, a kind of critical
analysis is required here to gather right outcomes.
Question 1:
a) Reflecting on the importance of attaining best service user outcomes in care
Mental healthcare sector is one of the empowered sector, which deal with treatment and
care of the people. Adaptation of the best user services is vital in healthcare to serve people, in
case, they are in need for healthcare satisfaction. Resource planning is a process of allocating
task to human and non-human resources in a way that is useful to higher overall business level
efficiency. Resource planning is one of the process of allocating tasks to human and non-human
resources with purpose to gather resources availability and capacity. It is called as strategy for
prearranged and cautions utilisation of resources. In health and social care sector, resource plan
is necessary to led initiatives, which is important to manage activities for mental care of people.
The importance of effective planning is based on proper allocation of resources such as
man, machine, manpower, tools or equipments required at time of healthcare projects. During the
planning, key stakeholder of Arden healthcare such as customer, organisation, suppliers etc.
which put influence over healthcare organisation to act into right way.
These key stakeholders mainly contributes to performance, activity and revenue of the
Arden healthcare and their demand to bring adaptation in form of services to led healthcare
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sector work in very right manner. Here business planning is very much necessary for stakeholder
planning to grow healthcare business with accurate support of mental healthcare patients.
Apart from this there are so many tools and techniques which is implemented and
generated by stakeholders, shareholders and so many people who work together to achieve
targeted goals towards health cares. By giving huge contribution towards health services they can
make better ways to run healthcare services effectively. Therefore, resource planning is one of
the important tools within every business which help firm to increaser level of business at higher
level. Thus, Health care is a better services for each and every people across the globe.
Therefore, it is most effective tool in which humans are able to achieve their targeted goals
without facing any issues.
b) Analyse at least three different sources of funding and consider two you will use to support
your resource planning strategy.
For starting of any new project, vital is to arrange and develop resources such as money,
machine & manpower to carry out activities for that project. Arden Healthcare Ltd is looking for
‘Mental Health Supported Housing' project to enable effective caring to the mental need people.
For starting of the project, various funding strategies such as borrowings, FDI, issuing debenture
can be useful to get funds. Arden is mixed among different sources of funds, so for this detailed
analysis of different sources of funding is pre-requisite (Angel Investor, 2018). Different mode of
funding such as bank loan, investment through angel investor, crowdfunding, financial institution
etc., are major option to access money to start project. There are various factors such as
reputation of the firm, past user experience and capability to repay debt are some factors that
would help Arden to influence decision making in a right manner to manage healthcare funding.
It is necessary to give importance to discussion of major sources of funding for supporting
resource planning strategy are as follows:
Bank loan: It is the most common form of capital for business or any new project. A
bank loan use to provide medium or long term finance and sets fixed period which loan capital is
provided, say for 3, 5 or 10 years. Bank loan is an advance given to common people and firm in
contract for its repayment in instalment + interest or total lump-sum. One can say, bank loan is
easy access to money and other can say, its a liability to be settle-off. This source of funding can
be good option for Arden to access to ease money for new project. Advantage and disadvantage
of the bank loan are as follows:
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Advantage: Bank loan provides ease access to money with formalities matches firm
credentials. Also, option is here having to pay settlement in both instalment or lump-sum. With
bank loan, right and positive image of the company, which is measured by credit scorecard.
Disadvantage: Bank demands collateral security before prior approval of loan. If in case,
party failed to repay amount, security can be captured by bank in return of the loan amount.
Bank loan is overdue liability to the bank , if in case not repaid.
Angel investor: The one who is affluent individual ho provides capital to new business
or existing one, who wants to start new project operation. Funds is mainly provided in exchange
of convertible debt or ownership equity. Angel investor usually gives support to business start-up
or say new ventures, as they have tendency to valuation of their operation in the market. But, in
case of Arden, mental health housing project will boost capabilities of the firm to rise its ability
to work. Moreover, angel investor is having freedom to release money by giving simple
notification to government. Arden can access to money at any point of time. Advantage and
disadvantage of angel investor are as under:
Advantage: There is no need of depositing collateral security or personal assets. Angel
investor provides funds at every round of setting up new project, hence transferring of funds is
less obligatory. There will be better discipline due to outside scrutiny and third party pressure.
Disadvantage: Cap on the funds is limited to £10,000 or more than £500,000. Also, it is
difficult to find angel investor under environment of strict investment proceeding regulation
inside of the UK. Arden can be asked to issue of shares of their business.
Crowdfunding: It is a use of small amounts of capital from a large number of
individuals to finance new business venture. Crowdfunding makes use of the easy availability of
vast networks of people through social media and crowdfunding websites to bring investors and
entrepreneurs together. Now a days, social media platform is huge and vast to find suitable
investor and attracts them to business structure. Some of the popular crowdfunding website such
as Kick-starter & Indiegogo. Arden is having good option to build social channels and ascertain
investors for their business operation. Advantage and disadvantage of the crowdfunding is as
follows:
Advantage: It is the fastest way of raising finance with no up-front fees or investment
surge charges. Also, it is a good way to test public reaction via social media on product/project
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of the company. It is an alternative sources of funding, in case business failed to gather finance
from bank loan or angel investors.
Disadvantage: There is lack of trust on investor via social media, as there is no face to
face discussion or conduction of the mutual agreement. When investor releases funds, they set a
targets to give another instalment of funding.
Outcomes: From the above discussion, it is being suggestible that Angel investor and
bank loan will be good option to pursue resource planning strategy for the new ‘Mental Health
Supported Housing’ project. As, Arden healthcare is looking for new project, so funding through
angel investor & bank loan will be best option to gather easy access to the money. Hence, Arden
will use these two as major sources of funding to finance their new project. Here, Arden needs
to ascertain their capabilities to pay off bank loans and increase valuation to impress angel
investors. Bank loan is best suitable for Arden healthcare to gather easy access to money with
signing of the legal formalities to support of legality of bank loan amount.
From the above funding sources this can be said that if Mental Health Supported Housing
project will take loan from various aspects then they can achieve its targeted goals and able to
achieve better outcomes for future. But by having this type of funding systems they can have
disadvantage as well in which they have return money to the bank or any other person with
whom they took. On the other side with heavy investment they can take their better decision
towards making project successful and beneficial for future outcomes. Therefore, it is more
effective and efficient tools and techniques to achieve targeted business goals in a perfect way.
Question 2
a) Discuss how effective resource management would support the performance of staff, the care
team and the organisation as a whole
Resource management is defined as efficient and effective development of organisation's
needs of resources, in case of requirements. When managing any resource, there includes human
skills, financial benefits, inventory, production resources and information technology. In
healthcare based sector, resource management is required to get easy access of material or input,
in case, care organisation is coming out with new healthcare project to serve at its best. Arden
healthcare is proceeding with new ‘Mental Health Supported Housing’ to give welfare to people
suffering with mental health issues. If Arden is required to manage their resources, they would
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have to plan in advance tools that will help to lead it properly and direct right to firm's project
goals. Along with this resource planning is one of the best process in order to allocate so many
task to humans as well as non-humans in a different way by which they can increase their
efficiency of resources in a perfect way. On the other side it help firms to gain better results and
overview of resources which is available and capacity in firm to satisfying consumers needs and
wants as well. If talk about Mental Health Supported Housing it helps for those sorts of humans
who are facing such kind of issues like health issues which is not good for them. Then this
project will provide them better ways to make them happy and able to achieve their desired
goals.
Resources for this new ‘Mental Health Supported Housing’ such as mental health
policies, care planning, financing to infrastructure, care delivery, human resources, medicines,
and information systems. These resources are necessary to provide services and care for people
with mental disorders based issues. As patients are huge in number, but supply of the resources
are limited to provide. There are some other resources such as skills & competencies of the care
team individual, use of the advance technology to treat and policies to structure setup to save
information of mental patient for project purpose. In mental healthcare, number of patients are
too high and infrastructure for their treatment are less in number. Hence, this is the agenda for
implementation of this project to provide housing facility to mental healthcare patients.
As already discussed that skilled and competent manpower are prominent for Arden to
build an effective care team, training is essential to enrich their performance and assist mental
care firm to achieve its best place in the industry.
With this project of ‘Mental Health Supported Housing’, Arden is expecting expansion of
their business to higher healthcare relief and satisfaction by providing proper infrastructure to
treat and care people.
There are different issues faced by Arden healthcare, while expansion of their business
such as:
Economic condition: Financial & economic condition of the healthcare sector is not
growing at the profitable due to lack of adequate revenue model. This sector is having limited
occupancy of the patient related to mental healthcare. When healthcare expands its operation,
they also seeks for increasing infrastructure and working structure to build care and welfare.
Hence, this issue of economic crisis is being critical for Arden healthcare. Apart from this,
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respective project should focus on their weak points by which they can make their working
structure successful and able to provide large number of services to their customers frequently.
Therefore it is the best way to learn new concept towards effective economy.
Lack of skilled manpower: Due to lack of skilled care people, healthcare cannot rise its
actual ability to stated ones, as there is less scope for development and performance of a people
has been realised. These sector mainly operates at smaller core level, hence lack of perfect
people is still exist. This can become threat for Arden healthcare to expand its business through
new healthcare housing project. Therefore, they should use numerous effective tools and
techniques in order to increase their level in a proper way. If they have effective number of
services so that they can work accordingly and able to achieve their successful goals and
competitive advantages in a present scenario.
Shortage of planning & co-ordination: In the healthcare sector, there is higher storage of
planning & co-ordination to treatment of the healthcare people. This may be due to lack of funds
to carry out healthcare activity. It is also observed that, majority of a care people are not properly
trained in Arden, so as a result, failures of planning and co-ordination has been realised as major.
Both planning and management of the resources such as skilled and empowered people
etc., are vital for Arden healthcare to increase ability of the care team people and organisation as
a whole. As previously discussed that resources such as mental health policies, care planning,
financing to infrastructure, care delivery, human resources, medicines and information systems
etc., are necessary to build suitability for success of this healthcare housing project.
With planning of the resources, Arden healthcare would get assistance to allocate given
resources and managing at the end led this project to accomplish its actual potential or results.
If Arden healthcare would plan less, it would become critical to manage performance of
a staff, care team and organisation as a whole. Obviously, absence of healthcare management
leads to another extreme that people may be confused and might be they surely trying to do what
makes sense to them, it doesn’t make sense to the whole organisation. Lack of alignment leads to
poor overall performance and lack of purpose in the organisation.
Moreover, accountability has proved relevant to ensure about appropriate resources usage
into the right manner. In mental healthcare system, perfect accountability is vital to ensure that
use of resources should be linked to healthcare based organisational goals. In context of Arden
healthcare, responsibility of resources is lies to top management to utilise effectively. Moreover,
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accountability of the resources are based on three elements: clear definition of desirable goals or
objectives, ability to measure & monitor goal achieved and pair of consequences for providers or
organizations.
While accountability is challenging to improvement of the healthcare sector, due to lack
of tools and equipments which are necessary to utilise resources in an effective manner. It is
being necessary for Arden to have proper command on accountability of the resources to ensure
effective performance of a care team, people and organisation as a whole.
Fiscal policy refers to the use of government budget to provide support to healthcare
system and facilities. In the current fiscal climate, there are lots of restriction on the budgetary
system, where access to funds are limited and not easily accessible. Long-term fiscal projections
give the basis to discuss sustainability of current government policy by extending period (ten
years or more) against select summary fiscal indicator. They do so by modelling projected future
government revenues and expenditures based upon number of demographic, macroeconomic,
microeconomic and other assumptions.
In healthcare sector, it is necessary to gather budgetary planning, so as to accumulate
every activities of healthcare sector in given point of time to gather its right usage. The purpose
of regulation over fiscal policy is to sure that fund should be rightly provided to businesses based
on healthcare sector. Moreover, peoples spending has lower down and it has led down healthcare
to restructure their fiscal policies to have major control on budgetary regulation.
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CONCLUSION
From the above report, it is concluded that planning & management of the resources has
proved necessary to start any new business or may be new business venture. If in case, any new
firm is looking for pursuing any new project, for that funds are necessary to go for work based
proceedings. Also, angel investor and bank loan has proved adequate to go for easy access to
funds to start new project or business. Moreover, effective resource management is necessary to
rise performance of the staff, increasing potential of the care team along with building output
capabilities of the healthcare based care firm. It is also said that healthcare firm should setup
short, medium and long term goals to develop their efficiency to serve people at the best.
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