By guest blogger BOB FERGUSON
Although post-Budget celebrations have been understandably muted, social care providers might derive some consolation from the Chancellor’s sub-text. The improvement measures planned for councils that struggle to reduce delayed transfers of care (DTOC) could offer wider-ranging potential.
Given the impracticability of isolating issues around DTOC from general commissioning practice, the likely ripple effects of external intervention could constitute the thick end of a regulatory wedge – especially if implemented by CQC. Providers have long been frustrated by local authorities’ in-house replacement for independent oversight of commissioning: LGA’s buddy scheme in which performance is assessed at mates’ rates. Now Whitehall also seems to have become exasperated.
At the request of the Department of Health, the Chartered Institute of Public Finance and Accountancy (CIPFA) has directed councils towards the straight and narrow with an idiot’s guide to providers’ costs*. This, remember, … Read More »
By Caring Times editor GEOFF HODGSON
The great and the good have comprehensively welcomed the extra £2bn over three years of our money which the Government has committed to fund the social care needs of those who lack the means to pay for it themselves.
It would have been churlish and mean-spirited to dismiss the Chancellor’s announcement as nothing more than the bare minimum the Government can do in order to avoid significant long term damage, if not the general collapse of the publicly-funded social care system, and the equally significant knock-on effects on the beleaguered NHS.
But I do wonder at the absence of any howls of protest at the insult implicit in the promise of yet another ‘green paper’ on a long term solution to social care funding. I see no evidence that this one will have any more legs … Read More »
Greensleeves Care, a not-for-profit provider operating 20 care homes, including two nursing homes across the Midlands, South and East of England, has arranged for the issue of charity bonds to diversify its sources of funding and allow the organisation to expand its services.
The bonds will be issued by Retail Charity Bonds plc, a special purpose issuing vehicle that connects charitable organisations seeking unsecured loan finance with investors looking for fixed income bonds listed on the London Stock Exchange.
The funds raised will be loaned, via a loan agreement, to Greensleeves Homes Trust. The bonds are available to wholesale and retail investors and will pay a fixed rate of interest at 4.25 % per annum. They have a minimum initial subscription amount of £500 and are available in multiples of £100 thereafter.
The offer period is expected to close at 24 March 2017 … Read More »