Homecare worth £7.7bn says Laing¹s market review

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

Nursing and residential homecare of older people remains by far the largest sector of the independent health and community care industry, with a 2002 revenue of £7.7 billion according to the recently published Laing¹s Healthcare Market Review 2002-2003. The public sector (local authorities and NHS) provides a further £1.8 billion of care in residential settings. The overall level of demand for care of older people in residential settings fell by 15,000 to 460,000 in the year to April 2002. Capacity also fell by 15,000 to 511,000 places. As a result, private care home occupancy fell marginally, but remained above 90% at April 2002. On the bright side for care home operators, the April 2002 round of local authority baseline fee levels saw unprecedented increases of 10% or more for some client types in about a third of all authorities. Further significant increases are expected in the April 2003 round as cash-strapped local authorities are forced by the market to pay more realistic rates. Mental health servic

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