The adult specialist care market has stood up well to the challenges presented by COVID-19, according to a new LaingBuisson report.
The 4th edition of the Adult Specialist Care UK Market Report says the pandemic is not posing the same existential threat to adult specialist care as that faced by older people’s care.
Report author, William Laing, (pictured) said: “Adult specialist care has demonstrated that it is among the most robust social care sectors. While this is in no small measure attributable to public willingness to see the lifetime costs of some of the most vulnerable in our society covered, it has ridden out the storm of COVID-19 well. Staffing levels returned to normal quickly and this sector did not experience the same negative impact as a result of a higher than usual number of deaths or reduction in admissions.
“It, moreover, continues to be attractive to investors, offering as it does relatively safe, long-term, index-linked returns and this is important given the predominance of the independent sector in service provision to this highly fragmented market. Adult specialist care would likely receive a further boost if it were to adapt well to the forthcoming digital revolution and gain from the efficiencies of being a pioneer of truly joined up care.
“While the sector is not without its risks, the most immediate being the long-awaited ruling from the Supreme Court on sleep-ins, as a whole it performs strongly and has shown its ability to respond flexibly in the face of a crisis.”
LaingBuisson said business impact on the sector, which focuses on caring younger adults with learning difficulties, mental health issues and acquired brain injury, had seen limited impact from COVID-19 related fatalities and fewer new admissions.