Staying afloat and becoming more competitive

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

Nursing home operators are facing increasing pressures on their businesses. Andrew Stoneman, partner at Buchler Phillips, a corporate recovery and financial restructuring group, offers some tips on how to avoid the worst problems. The introduction of the National Minimum Wage, the Working Time Directive and the level of local authority fee levels are all impacting on the running of nursing homes. Those businesses which are well managed, and where the owners have considered the implications, will survive. Unfortunately, there is no standard solution to remedy all a home’s ills, but there are certain areas on which home owners can focus to increase their security . Stay close – These are dangerous times for care home operators and owners need to have a real proprietorial influence. A matron can make or break a home and if the matron is not the owner, the owner needs to be sure that he or she knows what is going on, on a day to day basis. Building good relationships with social workers, doctors and care profess

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