Covid recovery and social care reforms – where next for care homes?
The 32nd edition of LaingBuisson’s Care Homes for Older People UK Market Report is indispensable reading for advisors, investors, commissioners, policymakers and service providers involved in this dynamic and changing market. Read together with Homecare and Supported Living UK Market Report and Retirement Housing UK Market Report, Care Homes for Older People completes the series to give anyone with an interest in the care and support of the over 65s a comprehensive market picture not found anywhere else.
The report offers a backward view over the impact of the Covid pandemic. Loss of income from reduced occupancy continues to affect the sector, and occupancy is not expected to return to pre-pandemic levels until 2023. As a silver lining, NHSX is sufficiently convinced of the need for the digitisation of care homes following the pandemic that it seems likely to make NHS funding available.
Social care reform is the sector’s next major challenge, in particular the implementation of Clause 18(3) of the Care Act 2014 and the Fair Cost of Care. These elements of the reforms are likely to reverse the trend to private pay driven by a growth in personal wealth – and which has been cross-subsidising publicly funded care home places. While popular politically, these reforms are likely to be highly disruptive to the care home market. Finding the balance between the state and the individual will be delicate.
These challenges and opportunities for UK care homes, alongside the potential for this important market, are fully discussed, alongside insight into the future potential for this dynamic market.
What the report covers
- Government policy and regulation
- Historic market growth
- Future market growth
- Demand and supply
- Operational metrics – cost, fees and occupancy rates
- Operational models
- Investment models
- Performance measures
- Major providers
- Market structure
- Market potential
Who the report is for
- Operators of residential care and nursing homes
- Homecare agencies and providers
- Nursing agency operators
- Local authority commissioners
- CCG commissioners
- Directors of adult social services
- Care advisors
- Banks and investors
- Management consultants
- Business advisors
- Long-term care insurance providers
- Central government
- Think tanks
- Policy writers