Care Analytics sustainable pricing service provides a comprehensive review of your commissioning of care home placements. As part of this service, we provide:
Cost models and price benchmarks for standard care categories, each configured to your local market and commissioning.
Inflation forecasts and recommendations for managing the annual uplift process.
An assessment of the sustainability of individual providers and the overall local market.
An extensive range of supporting evidence about your commissioning and marketplace.
A key feature of our service is that we do not simply provide cost models in isolation from local commissioning, nor take a national model and minimally adapt it to a local market. In our experience, the ‘true’ cost of care in an area cannot be considered separate from local market forces, which in turn are influenced by a range of factors:
- Public sector commissioning numbers, available capacity, and changing occupancy levels.
- Differences in cost between new-build care homes and older stock with ‘sunk’ capital.
- Differences in facility standards across the market and the homes most used by the council.
- Differences in cost between corporate groups and independent operators.
- The cost of increased staffing levels in the context of ever-higher levels of acuity.
- The cost implications of material differences in staff remuneration among local providers.
- The impact of the Covid-19 pandemic and the cost of the ‘new normal’.
In short, as well as robust cost models and price benchmarks, our care home sustainable pricing service gives you the wider market intelligence and insights needed to make evidence-based decisions for years to come.
