Do you manage personal funds of the individual?
Here’s what you need to know.
WHY IS ASSISTANCE WITH PERSONAL FUNDS SO IMPORTANT?
Protects the individual from loss of funds/property
Establishes clear parameters for all team members
Reduces amount of time providers spend trying to reconcile accounts and receipts
Minimizes the amount of time spent in internal and external investigations
Establishes well defined expectations for support staff
Provides a clear definition of requirements in all settings
STEPS TO IDENTIFY THE NEED
The individual makes their needs and wants known
Assessment is completed
Amount and type of support is determined and placed in the Individual Service Plan
Provider implements those supports
SPECIFIC REQUIREMENTS
When it has been assessed that an individual needs assistance managing his or her personal funds, there are specific requirements to ensure high quality service delivery and compliance. Check out the training links below:
MONITORING
WestCON provides a monitoring service in accordance with the DODD rule in effect in order to make sure that the individual being supported is receiving proper personal funding services. Monitoring is NOT an audit and does include an individual interview.
ITEMS THAT WE LOOK AT
DOCUMENTATION
RECONCILIATIONS
CASH ACCOUNTS IN THE HOME
RECEIPTS
