Providing support for the NHS’s struggling services should be seen as a potential opportunity for care home providers, KPMG has said.
Speaking at the recent Care England conference, Steven Bunn, a director at KPMG, said care home providers can prosper away from the private pay market if they align their services to the changing market.
Steven said: “If you can be that last man standing and be the person that’s there when the supply is taken out and if you’ve got bargaining power with the local authority it’s a good place to be.”
The KPMG director stressed the increasing role care homes are likely to have as pressure on NHS beds mounts.
“People are slowly realising that, and making sure you’re in a position to do that and your local area is very important. It won’t be a panacea; it’s very much getting a relationship with Trusts and talking with them about where they can save money,” Steven added.
He concluded: “The King’s Fund estimated that the NHS spends over £800m a year looking after elderly people in hospitals that shouldn’t be there – so it gives you an idea of the opportunity that’s there.”
Self-paid currently accounts for roughly 45% of the market and is predicted to rise as the NHS looks to outsource. Steven noted that training and up-skilling staff makes care home businesses attractive to the NHS.