Plan now for new standards

Posted on November 1st, by editor in Caring Times. No Comments

Operators of smaller care homes should plan now for the introduction of new regulations and standards next April, advises Joanne Rolls, care homes expert at accountants Begbies Traynor. Ms Rolls said many smaller care homes were owner-managed businesses that were already struggling with the national minimum wage and increasing costs of agency nurses. “The simple fact is that care home owners will need to deal with the loss of income by having fewer residents in more space. They will also need to allocate substantial sums towards improving their facilities,” Ms Rolls said. “Care home owners should ask their bank manager, accountant or other trusted adviser to help them draw up a financial plan that ascribes costs against any improvements or changes that need to be carried out. Ms Rolls said owners should not rely on the current level of income per resident received from local or health authorities increasing under the new regulatory body. – To contact Ms Rolls, tel 020 7242 6939.

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