The future of long term care

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

|By Geoff Hodgson| As part of CareExpo 2002, an informal discussion was held to consider the future directions of long term care, sponsored by Christie & Co. One of the early questions discussed was whether big corporate providers would dominate the scene in years to come. Views were mixed, with Craegmoor Healthcare chief executive Frank Richardson pointing out that, during the last 10 to 15 years, the 10 biggest operators in long term care had accounted for only 12 per cent of the market. “I think that, while there will be some further consolidation, there will be a place for everybody,” Mr Richardson said. However, Hallmark Healthcare commercial director Avnish Goyal said there was the question of how many of the smaller operators would be willing to stay if the sector remained under-funded. Mr Richardson agreed, saying providers needed incentive to create capacity and that would need a commitment from government. Independent consultant Richard Lambert pointed to developments in the hospitality sector which

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