If you are researching the care home sector to determine whether purchasing a care home unit is right for you then, like us, you will take comfort in the knowledge that it is a highly regulated area.
Care home providers, residential homes or nursing homes, must demonstrate compliance with extensive and rigorous regulations in order to register and operate their care business. As part of the application process the care home operator must provide evidence that shows they will be able to provide care that meets the government standards.
The Care Quality Commission (CQC) in England and the Care Inspectorate Wales (CIW) in Wales are the independent regulators of health and social care. Their objectives are to ensure that people have access to safe, caring, effective, responsive and well-led care services. They monitor, inspect and regulate these services to make sure that they meet fundamental standards of quality and safety. The CQC and CIW publish what they find and give each care home provider performance ratings. This transparency gives investors peace of mind that the care home of interest is being managed well and the residents are happy. All the care homes we have available for investment have their latest inspection reports available to download on the official CQC and CIW websites.
There are five key questions asked by the CQC of care providers. They are often referred to as Key Lines of Enquiry (KLOEs):
The care home provider we work with operate 14 care home facilities across England and Wales which are all rated as ‘GOOD’. The care homes in Wales are currently operating at 97% occupancy and they attract both local authority and self-funded clients. The care services provided include old age, Alzheimer’s, dementia, physical disability and cancer care.
If you are interested in learning more about the impact of CQC and CIW regulation in the UK care sector then call a member of our team today on 020 3875 0837 or email firstname.lastname@example.org