Market Oversight Interim Solution

Descriptions

Primarily the contractor is required to provide resources to carry out an assessment of the thirty seven ASC providers’ company finance, accounts and debt structures. Core capabilities required include the ability to provide: •interpretation of information from providers, based on information provided to CQC from the providers, via by a financial submission template covering standard financial indicators; . •timely, detailed financial advice and analysis to service risk assessment judgments; •Assessment of likely or imminent failure. 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 careservices 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 CQC has published draft guidance for providers for consultation. The draft guidance is in Appendix B and will explain how CQC intends to operate its obligations. The tasks and activties set out below support the delivery of the MO operating model.