Daily Mail - 18th October 2016

Care crisis: The cost of a room in a care home, presently about £750 a week, will be £1,000 a week by 2020, experts warn The firms running care homes will try to plug the gap by raising fees, experts say. Valuing Care, a respected care fees analyst, predicts they will rise 8 per cent a year 'for the next decade'. That would mean the average fee reaching £1,020 a week by 2020, or £53,040 a year and that accounts only for a place in a residential care home. Fees for elderly people needing specialist medical care may be even higher than that.Care crisis: The cost of a room in a care home, presently about £750 a week, will be £1,000 a week by 2020, experts warn Most people will have to pay this themselves as local authorities currently cover your care bills only if you have less than £23,250 in savings, investments, properties and other assets (£26,250 in Scotland and £24,000 in Wales). Read the full article here

Daily Mail - 16th October 2013

This is Money the popular finance arm of the Daily Mail features Valuing Care on how to negotiate care home fee rates. Many people who move into residential homes do so at a time of great stress, often following a period of illness. Usually, they don’t think to scrutinise the price charged by their chosen home until it’s too late - but even a discount of £50 a week can save thousands in the long-term. Ray Hart, creator of the Valuing Care Fees Calculator, talks This is Money through the best ways to negotiate costs. Read more here

Healthcare Leader - 17 May 2017

Continuing Healthcare (CHC) packages demand significant amounts from healthcare budgets. Care for patients with complex needs could cost thousands of pounds per week, for many years, so working out a better deal on the prices quoted could create much-needed, sustainable savings. Yet NHS re-organisation has left some areas of CHC to drift, creating an opportunity for providers to inflate their prices, particularly for specialist placements. Price squeezes from other purchasers, such as councils, means that providers are looking more and more towards the health sector as a major source of profit. Read the full article here

HTN - 23 November 2016

The cultural change of using technology to purchase CHC placements: are we ready? Ray Hart, director at Valuing Care, discusses the cultural change of using technology to improve the purchasing process for CHC placements. He discusses the benefits, and explains why training is essential to its success. In most industries, for people in the workforce whose roles have purchasing responsibilities, there are processes in place, and access to data, to help decision making. This information is largely technology-based and helps the purchaser get the best price whilst still ensuring sustainable supply. In Continuing Healthcare (CHC), this isn’t always the case. Nurses and assessors for instance, commonly purchase CHC packages over the telephone or via face-to-face meetings without any pricing information to back those transactions. They are responsible for purchasing thousands of pounds worth of care, and yet often this task is completed without challenge to the prices providers quote, and without question on the breakdown of those costs. Read the full article here