Healthcare sector specialists Cushman & Wakefield team has examined average weekly fee spreads across the United Kingdom and identified the broad range of fees that care homes charged their occupiers varied according to location.
Tom Robinson, partner at Cushman and Wakefield, said: “the spread in average weekly fees highlights the way in which regional wealth impacts on profile and why so many buyers focus on the south and midlands.
“But underneath the regional zones, every micro location must be considered in detail as wealth pockets exist in all regions of the UK. Location remains a key factor when choosing to invest in a care home, both macro and micro.”
EBITDARM (Earnings Before Interest Tax Depreciation Amortisation Rent and Management) of care homes by bed is also explored. Scotland, where relatively low fees are charged, realised substantial profits and outperformed much of the regional … Read More »
The Competition & Markets Authority (CMA) has secured more than £2m in compensation for residents of care home operator Sunrise Senior Living as part of an investigation into compulsory ‘upfront fees’.
Sunrise has said it will give money back to the vast majority of residents who paid such fees since 1 October 2015. This will apply to residents who have left or leave within two years of moving in to one of the company’s care homes. If the resident dies within this time, their family will receive the compensation.
The move comes as part of the CMA’s ongoing investigation into how some care homes charge for their services. This uncovered that Sunrise’s description of its upfront fee – running to several thousands of pounds per person – and how it would be used, was unclear. Moreover, prospective residents were having to pay … Read More »
A ‘citizens’ assembly’ has been commissioned by Parliament to consider the best way to fund adult social care.
The Citizens’ Assembly on Social Care will be formed by 50 people who have been chosen to reflect the makeup of the wider population.
Building on existing public engagement, the assembly is being established as part of the inquiry into the long-term funding of adult social care, which is being carried out by the Housing, Communities and Local Government Committee and the Health and Social Care Committee.
Members of the assembly will hear from expert contributors with different views on how the sector should be funded, before then holding discussions around the issues and reaching a set of recommendations.
The findings and the evidence submitted to the inquiry will then be considered by the committees.
The assembly will be run by Involve, a public participation charity that … Read More »
Alzheimer’s Research UK, the UK’s leading dementia research charity, has hailed the announcement of £40m capital funding for the UK Dementia Research Institute (DRI), as well as a £300m boost for the Ageing Society Grand Challenge that forms part of the Government’s Industrial Strategy.
“This investment is an important boost to what is now the country’s biggest joint endeavour in dementia research,” said Alzheimer’s Research UK chief executive Hilary Evans.
“The essential research happening at the UK DRI has the potential to transform our understanding of dementia and as a founding partner, Alzheimer’s Research UK is delighted to see this additional support.
“It’s encouraging to see the commitment to the Ageing Society Grand Challenge: early diagnosis of diseases could revolutionise the way we treat dementia, for example, where we now know the underlying diseases begin to develop 15-20 years before symptoms appear. We … Read More »
Caring Times, April 2018
Provider representatibe body Care England has expressed disappointment that the rate of NHS Funded Nursing Care increase announced for 2018/19 of 2% will not meet the huge pressure being felt in the nursing home sector.
Care England chief executive Professor Martin Green said: “Whilst we recognise and welcome that this is an increase in the rate it does not address the current cost pressures for nursing in our sector. What we need to be clear on is that the cost of the rising dependency of nursing needs of residents exceeds the proposed rate rise. The shortage of nurses – over which we have no control – means that recruiting nurses is a costly challenge along with increasing agency costs associated with rising nurse vacancies.
“The cost of employing nurses is rising with auto pension enrolment and other staff costs … Read More »
A report by the Centre for Welfare Reform challenges the concept of health and social care integration and calls for a new, independent inspection body for social care.
Published in late March, ‘Reforming Social Care – time for radical change’ expresses doubt that any of the main political parties understand the seriousness of the situation facing social care or have the strategies to respond effectively to any of the challenges it presents.
The report’s author, Dr Robin Jackson, visiting research fellow at the University of Hertfordshire, debunks the idea of health and social care integration, citing Dame Denise Platt, the outgoing chair of the Commission for Social Care Inspection (CSCI) who, 10 years ago , said the values of social care might be similar to health but the underpinning policy assumptions were different.
“The argument that a merger of health and social care … Read More »
Norfolk County Council has agreed to investigate whether more care home residents have been incorrectly charged a top-up fee, after one family’s complaint was upheld by the Local Government and Social Care Ombudsman.
When the family placed their mother in a care home and needed to sell her house to pay for her care, the council should have offered the woman a so-called ‘affordable’ care home. This would not require the family to pay a top-up fee above what the council would contribute, for 12 weeks while the home was being sold.
Instead, the Ombudsman’s investigation found the council charged the family for those 12 weeks, wrongly arguing that because the woman’s capital, including her property, was above the £23,250 threshold, it did not have to offer her an affordable placement.
The council has waived the fee, and has agreed to check if … Read More »
Ninety-eight Westminster politicians have written to Prime Minister Theresa May, calling for a ‘Parliamentary Commission’ to look at a long-term funding solution for health & social care.
Among the signatories to the letter are 21 select committee chairs who say the proposed commission could examine witnesses and make recommendations by Easter next year.
The Government is already preparing a Green Paper on social care funding, expected to be published in the summer but the signatories say a broader approach is needed. Totnes MP and chair of the health and social care select committee Sarah Wollaston said the Government needed to act with urgency and take a whole system approach to the funding of the NHS, social care and public health.
“We need to break down the political barriers and to agree a way forward,” said Ms Wollaston.
“We believe this is the best way … Read More »
The proportion of care homes rated ‘inadequate’ or ‘requires improvement’ increased in one in five local authority areas in 2017.
An analysis by older people’s charity Independent Age has found that a dramatic variation in the quality of care homes at a regional and local authority level across England continues to exist. The North West is the worst performing region, while London and the East of England are the best performing regions.
In some areas such as Tameside or Portsmouth, older people and their families continue to face little choice of quality care, with around one in two homes rated not good enough by the Care Quality Commission. The main regional findings are:
The North West contains five of the eight worst performing English local authorities on care home quality, with more than one in four care homes across the region performing poorly;
The … Read More »
Three months after it was published, the Government has now responded to the Competition & Markets Authority report on the care homes market, accepting only “in principle” the CMA’s recommendations to address market sustainability.
Provider representative body Care England says much of the Government’s response pushes the actual plan and any action on sustainability and capacity of provision into the forthcoming Social Care Green Paper.
“As such we are no further forward on issues relating to funding and market confidence in meeting the care needs of vulnerable people across England,” said Care England chief executive Professor Martin Green.
“The Government notes that it ‘would expect to see an increase in the fee levels paid to providers over the remainder of the Spending Review’ but this makes absolutely no commitment to ensure that those increases (if they happen at all) should be enough to … Read More »