Calculating a fair market price for care
A toolkit for residential and nursing homes
- Author/Editor(s):
- William Laing
- Format:
- Paperback , 56) pages , 297 x 210 mm
- ISBN
- 9781847423153
- Published:
- 17 Sep 2008
£11.96 - List price: £14.95 You save: £2.99
North America customers can order this book here.
About This Book
This new and updated third edition of the best-selling "Calculating a fair price for care" estimates the potential cost to the public sector of paying fair market fees to a fully modernised care home sector. The demands resulting from an ageing population means that more care homes will be needed in the future. However, most public sector funding agencies do not currently offer fees that are sufficient to encourage care home operators to invest in new capacity for state-funded clients. "Calculating a fair market price for care" offers a transparent and evidence-based mechanism for working out what such fees should be, based on the costs borne by care homes in the financial year 2008/09. Updates for the third edition include a new and simplified approach to working out 'floor' and 'ceiling' fair fees; new staff input and other cost benchmarks derived from a survey of major corporate operators of care homes in 2008 and a downward revision in the target rate of return on capital from 13% to 12%. "Calculating a fair market price for care" is essential reading for commissioners and providers of care services throughout the UK, local councillors, advocacy groups for older people and social policy experts, as well as politicians, civil servants and other policy makers concerned with appropriate funding for long-term care.
Author Biography
William Laing is Chief Executive of Laing & Buisson, the health and care sector analysts. His position as an adviser to local authorities, care operators and financial institutions gives him unique access to relevant information and an understanding of the requirements of all parties.Contents
Summary and conclusions
Introduction
Method for calculating reasonable costs
Estimates of reasonable costs by category
Future changes in care home costs.
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