Care leaders and stakeholders have predicted what they expect to come out of the Competition and Markets Authority (CMA) investigation into the sector.
The forecasts came during LaingBuisson’s Investing in Healthcare conference in London yesterday.
William Laing, director of LaingBuisson, said: “I think they will take the view that there is cross subsidisation and the changes they will recommend will revolve around that.”
John Goodey, senior vice-president of real estate investment trust (REIT) Welltower, said the CMA would “fudge” the issue of local authorities providing a fair cost of care.
Mike Parish, CEO of Care UK, said the CMA would probably find a lack of transparency amongst some care contracts provided by operators.
“I would expect at very least a strong code of conduct,” Mike added.
Dr Chai Patel , CEO of HC-One, (pictured) said: “I think it will be a tragedy if they come to conclusion that fees that are being charged to the self pay clients are high because those received by the local authorities are lower. While it’s so easy to do. It is so wrong.”
Dr Patel said the real issue is that providers are being paid the real cost of care.
The CMA launched its investigation of care and nursing homes in December (see BREAKING NEWS: CMA launches care and nursing home review).