More providers on CQC’s market oversight list
Caring Times, July/August 2018
The number of care operators included on the Care Quality Commission’s market oversight list has increased by 44%, rising from 39 in July 2015 to 56 in May 2018.
At a public board meeting of the CQC in May it was reported that the risk profile had deteriorated to such an extent that there has been a 36 percentage points increase in the number of providers that are subjected to higher levels of scrutiny.
The report said the CQC’s market oversight team’s workload had substantially increased and the unit had recently obtained agreement to increase its establishment headcount.
Market oversight data showed that profit margins had remained fairly resilient despite an almost 50% increase in agency expenditure across the market oversight portfolio since December 2015 but the overall level of return was insufficient to attract meaningful new investment into local authority funded capacity or prevent continued provider exit from the sector.