Focus your efforts on the best opportunities
By harnessing the most up-to-date information you are able to contextualise new opportunities in terms of the characteristics of your current portfolio. Focusing on indicators of…
Local private pay demand & supply
The demography, house prices, and perception from local populations has been shown to have a major impact on the success of private pay residential care homes. We capture these factors through a combined view to enable us to understand at a site level:
A past, present, and future view for both supply & demand of care beds to understand the size and timing of the forecast headroom
The current demand for residential and nursing care versus the ability to pay privately
The quality and quantity of the competitive landscape, focusing on key brands of interest
Why not explore the demo dashboard below:
Local planning pipeline of care homes
When viewing the current opportunity in a new location, it is vital to have sight of the planned care home developments that will add to the competitive landscape. By accessing smart planning data relating to care developments, you are able to rapidly sense check opportunities to count potential sites in or out based on the likely level and quality of increased competition on the horizon. Temper your view on future opportunity with:
The number of beds in the planning pipeline
The number of new homes versus planned extensions to existing homes
The detailed location of these proposed developments
Why not explore the demo dashboard below:
The Local Authority opportunity
Over the past few years there has been increased pressure on local authorities to identify savings within their supply chain. Commissioning behaviours and the outcomes they are able to achieve within their adult social care service will have an impact on any nursing or residential home nearby. Understanding the individual pressures these authorities face, being able to communicate that back to them, and understanding what this means to the opportunity in a new location is a key part of most care businesses. Understand:
How much of your 65+ catchment will originate from each bordering Local Authority
The way target Local Authorities’ expenditure has tracked against budgets over recent years, and their budgetary plans for the future
The performance of Local Authorities in terms of key outcomes measures tracked by Central Government
Why not explore the demo dashboard below: