A standard cost of care calculation will generally cover items such as staffing costs, other direct costs and overheads. This is true whether the cost calculation comes from you as a provider, or as a template for completion from, for example, a Local Authority as part of an annual review of fees. The issue of profit (or cost of capital) if often less straightforward. It is important providers understand the level of reasonable profits they should be looking to make, and to be in a position to have appropriate discussions with commissione...

Caresolve's Ben Challinor was featured in the Caring Times earlier this month (August 1st), where he explained how it is possible to regain trust should your care home be rated as 'inadequate'. You can read the full piece here. Ben has also been speaking to Caring UK, giving his thoughts on the latest CQC report. You can read this piece in full here....

Talk to us about our new Care Home Management Service. Our service is aimed at operators wishing to take a step back from day to day involvement in managing their homes, are looking to sell the business and require an interim solution, or who would just like to remove the stress of dealing with CQC and the Local Authority. We have found that an increasing number of operators have been asking us for help with the operational and financial running of their care home. Whether it’s a short term engagement or a longer term contract coveri...

Calculating the true cost of care is increasingly important for care homes and it was an issue we tackled at a recent Lancashire Care Association Seminar. Caresolve’s Consultancy Director Ben Challinor and our Finance Director Richard Shore spoke to an audience of care home operators, proprietors and owners at the event in Preston. We also tackled issues such as how to deal with an inaccurate CQC report before it goes into the public domain and affects your reputation. We know that the care sector is under ever increasing financial p...

How do you gain the trust of the authorities after an inadequate CQC? We know that a poor inspection report can have a dramatic and detrimental impact on a care home. The consequences can often be severe and, if remedial work and required improvements are not made within the timeframes given, operators may end up being forced to contend with anything from loss of support from local commissioning teams to home closure. We tackled the issue in a recent issue of Healthcare Business. In the article, our Consultancy Director Ben Challino...