2022-12-07-莱坊-Care_Homes_Trading_Performance_Review_2022_17页_9mb

2022 UK Care Homes Trading Performance Review Summary

Overview

The 2022 Annual Healthcare Trading Performance Survey provides a detailed analysis of approximately 79% of the UK care market, covering over 100,000 beds across 781 towns and cities, representing around one-fifth of the market.

Key Findings

Occupancy & Fees

• Average occupancy reached 83.4%, an increase from 79.4% in 2021.
• Average weekly fees grew by approximately 3.3% to £980.
• London showed the highest year-on-year growth (14%) in occupancy, followed by the East Midlands (10%).

Staffing & Costs

• Staff costs accounted for 58.1-59.3% of income, remaining stable despite inflation.
• Agency staff costs as a percentage of total staff costs increased to 9.6%.
• Average nurse wages were £18.10 (up 4.1%), carer wages £9.71 (up 5.2%).
• Utilities costs made up approximately 34% of property costs.

Profitability

• EBITDARM improved slightly to 26.3% from 26.2%.
• Profitability varies by region: London and the South East showed higher margins.
• Homes rated 'Outstanding' had a 34% average margin compared to 22% for 'Inadequate'.

Regulatory Insights

• Across all sampled homes, 5% were rated 'Outstanding', 78% 'Good'.
• Contrastingly, the total UK market had 7% 'Outstanding' homes.
• The average age of care homes continued to rise, with most residents over 85.

Government Support

• Government support averaged around £3.35 per resident (£1,094 overall):
  • 5% of homes spent under £1,000 per bed.
  • 13% spent €£1,300 or more per bed.

Wellbeing & Trends

• Wellbeing initiatives saw increased spending on activities, spas, cinemas, and pet policies.
• The Knight Frank Wellbeing Index highlighted Scotland and the South East as top performers.
• Modern facilities (purpose-built, new developments) showed better cost efficiency despite higher initial investments.

Forward View

• Inflation remains a challenge; average weekly fees increased but may not fully cover rising costs.
• Focus is shifting towards managing energy costs and recruiting staff.
• Government and local authority funding face challenges, with providers struggling to cover operational costs.
• ESG and wellbeing are becoming increasingly important to the sector's future success.

Key Recommendations

1. Manage rising costs through efficient energy use and strategic investments.
2. Focus on quality of care and resident wellbeing to maintain occupancy and margins.
3. Explore partnerships and government support options.
4. Invest in modern, adaptable facilities to meet future demand efficiently.