The new edition of LaingBuisson’s Care Cost Benchmarks provides vital guidance to providers and commissioners of care home services in understanding the real costs behind the provision of care. First developed almost 20 years ago, Care Cost Benchmarks has become the industry standard tool for calculating care costs. Fast forward to 2023 and it is more important than ever for sector decision-makers to be equipped with the tool as we approach the imminent implementation of Section 18(3) of the Care Act 2014 and the constantly-evolving Fair Cost of Care.
This year’s study using the Care Cost Benchmarks tool has revealed a concerning financial disparity across many English councils. In conclusion, most local authorities pay less than care home costs, and although the exact amount varies from area to area, we found that in many areas the fee gap is over £150 per week. In Birmingham, for example, the 2023/24 fee shortfall is £177 per week for general nursing care to £208 per week for residential care of older people with dementia.
LaingBuisson’s Care Cost Benchmarks toolkit provides valuable, data-driven insights to help successfully navigate difficult negotiations, optimise business operations and secure financial sustainability as the sector approaches this watershed moment.
We have a team of over 40 consultants, many of whom are clinicians, and a large key opinion leader network with a broad range of expertise. Our firm delights in learning and sharing knowledge and enabling our team to engage productively with our clients.
LaingBuisson can help you find and reach your key audience quickly and effectively. We provide a range of contact and organisational data subscriptions and services to clients wanting to communicate with, market to or research a target sector.