The U.K. care home industry has had to work through increasing staff and care costs without an equally increasing reimbursement coverage, putting strain on the bottom line.
At A&M, we have seen that when care home occupancy begins to fall below 80 percent, a care home often becomes loss-making. The significant impact of COVID on the residents of care homes, and the subsequent fear of the public to move into a care home will require a rethink of how the industry is going to survive.
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It is pessimistic, but for care home bosses reeling from the first wave of the pandemic – which killed more than 17,000 of their customers – it does not seem impossible.
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