Study suggests most providers are confident of long-term prospects
Research by The Consortium Care, an independent provider of care supplies and services, suggests that, despite the recession, most care home operators believe factors such as the rising numbers of elderly people requiring round-the-clock care mean they are ideally-placed to weather the economic storm and are confident about their long-term prospects for survival.
Consortium’s survey showed that increased staff pay, ever-decreasing local authority funding and spiralling fuel and food bills – coupled with the deepening recession – are forcing many care homes to cut costs in order to stay in business.
In addition an expected exodus of non-EU migrant workers is leaving many care home managers with hugely expensive gaps in their workforce to fill.
The Consortium Care survey report said some of the industry’s biggest names, including Four Seasons and Southern Cross, had reported difficulties recently, prompting widespread loss of confidence across the sector.
More than a quarter (27%) of respondents