Caresolve in this month’s issue of Caring Times

How can care homes cope with the increases in the National Living Wage? The latest issue of Caring Times (March 2017) contains our article all about the impact of the National Living Wage on the care home sector. In it we talk about our work on the NLW increases and how they will have an impact the profits of operators. We believe that an increase in weekly fees of 2% per annum will result in profits dropping to 70% of current levels by the year 2021. And an increase of 3% will not be enough to keep profits at the current level bey...

Is your care home effective?

Of the five key questions that the Care Quality Commission (CQC) asks when carrying out care home inspections, arguably the two most important are: Are they caring? Are they effective? While the questions surrounding safety and leadership are the two were homes will typically fall down most, the caring and effectiveness issues get to the nub of the service our care facilities are there to provide. So what makes an effective care home and what does it take to give yourself the best chance of achieving not just a good CQC rating, but an out...

Caresolve to speak at Pro-Manchester’s Healthcare Group Event

We are delighted to be speaking at Pro-Manchester's Healthcare Group Event next week (Thursday, February 15th) in Spinningfields, Manchester. Scarcely a day goes by without the media discussing the 'funding crisis' in adult social care in the UK. Our presentation will look at the reality of British elderly care home system and the pressures our care home sector clients are experiencing. We know the increasing pressures faced today by operators and managers of care homes. Our team of specialists are increasingly being called on to hel...

Caresolve talks to Healthcare Business about the National Living Wage

The latest issue of Healthcare Business (February 2017) contains our article about the impact of the National Living Wage on the care home sector. We have carried out analysis showing the impact on an operator's profits based on the NLW increases coming soon. Our findings show that an increase in weekly fees of 2% per annum will result in profits dropping to 70% of current levels by 2021. An increase of 3% will not be enough to keep profits at the current level beyond 2019. We explain how care homes need to take immediate steps now to ...

Ten steps care home operators should take to combat impact of National Living Wage

Care homes are facing a “fight for survival” following the introduction of the National Living Wage, according to care home specialist Caresolve. The company has carried out analysis showing the likely impact on an average operator’s profits based on the phasing in of increases in the NLW during the period 2016-21. The Chancellor’s Autumn Statement in November confirmed that the NLW will increase to £7.50 per hour from April this year. Previous announcements have put in place a target of £9 per hour by April 2020. The analysi...

Helping care homes become Outstanding

What makes an Outstanding care home? We have been working with Paul Rowley of Heathfield Ladies Residential Home, one of the first in the North West to be awarded Outstanding. Heathfield Residential Home in Grappenhall, Warrington, is one of less than 1 per cent of homes in the country to be rated as ‘Outstanding’ by the Care Quality Commission. Family owned and operated, the 22 bed ladies only home prides itself on its elegant living, varied programme of activities and culinary excellence. We started working with the team at Heath...

Creating a well-led care home

The Care Quality Commission uses five key questions as the basis of its inspection of care homes in England. We know from our experience working with owners and their managers that the most complex and, often most difficult question they have to answer is: Is my service well-led? The main reason for this is that the subject covers a multitude of issues and challenges relating to both staff and residents. Ultimately, we are talking about the very culture of the organisation. The CQC defines “well-led” as: “The leadership, manageme...

Care in crisis

In The Times, columnist and interviewer Janice Turner recently wrote a moving article about her 93 year old mother and her ‘dread of dealing with the care system again’. “I wonder if a care home exists where I would be happy for my mother to go, if she needed it – or where I could imagine living myself,” she asked. Turner believes a ‘perfect storm’ is threatening to engulf the care industry as hospitals become more and more full of elderly people who are not able to return to their homes because there is not enough home help...

The care home trouble-shooters

Few sectors are under as much scrutiny and financial pressure as the care home industry. Recent figures produced by the Care Quality Commission revealed how over 1,500 homes have closed in the past six years. Operators of care homes are having to negotiate the ever-changing landscape determined by the CQC. A poor inspection report can have a hugely damaging impact on a care home. Worst case scenarios include loss of support from local commissioning teams to home closure. Caresolve are specialists in care home transformation and our ...

Caresolve Financial launched to give care homes clear insight

We are delighted to announce the launch of Caresolve Financial. Headed up by Finance Director Richard Shore, our new service has been designed to offer financial solutions to care homes. Caresolve Financial works with care homes to provide them with a clear insight into their operational, financial and compliance position. Our team can also help clients to negotiate CQC guidelines. As well as finance director services, our key services include comprehensive reviews, financial management support and advisory services including trading p...