Care is always priority number one in the industry, but without a steady supply of funds it can be hard to provide quality levels of service. Here we offer some top tips on how to improve the bottom line of your care home.
According to the think-tank ResPublica, as many as 37,000 beds - the equivalent of about 1,500 care homes - are under threat in the next few years due to financial pressures facing the industry. Not only would this cost the NHS an estimated £3bn extra each year, but it would seriously decrease the level of support and service available to residents and the elderly across the care sector.
But, despite the predictions, it doesn’t have to be all doom and gloom; there are still many care homes across the UK that are thriving thanks to a combination of great management and sound fiscal policies. Paramount to this is increasing performance and efficiency, so here are a few of our tips to help you get your care home thriving.
Moving to centralised procurement can be a daunting prospect. The idea of making someone in charge of overseeing procurement seems as though it will take up a huge amount of time and cause headaches, but actually it can really help to give visibility and spend control, while offering customised flexibility for individual staff and sites.
Having a centralised procurement system will allow staff members who have been overseeing this role in their own care homes to focus more on other parts of their role, thereby making them more efficient and saving you money. Systems such as #GlobalConnect can help with the process too, offering backup support and on-site implementation that streamlines the workload.
Standby for savings
Did you know that the average household wastes £76 per year simply by leaving devices on standby when they’re not in use? Furthermore, according to the ‘Powering the nation’ study completed by Energy Saving Trust, up to 16% of electricity consumed in homes is used to power appliances that are on standby. This is because items such as your TV, laptop and phone charger suck up vast amounts of energy from the power grid, even when they’re supposedly ‘off’. Now multiply that one household’s costs by the many electrical devices that you have around your care home and imagine just how much energy (and money!) is being wasted. Switch all devices off from the mains when not in use, and encourage all residents to do so with their own personal equipment too and you’ll see the savings soon start to roll in.
Perhaps just as importantly, not only will this add a healthy glow to your bottom line, but it will also have the added bonus of helping to prevent fires; switching appliances off at the mains means there is no electricity going to the device, preventing the chance of it catching fire should there be an error or electrical fault.
Get a new perspective
When someone new joins an organisation they will often have questions about the way something is done or carried out in the business. This inquisitive nature can be a blessing, as it may allow you to see ways that current processes are inefficient or more costly than they should be. An attitude of ‘that’s just the way we’ve always done things’ leads to people wasting time, effort and money, so listening to these fresh faces and new ideas is recommended. Encouraging these ideas to be fed back to the top of the command chain, such as via meetings or an online feedback form, to be implemented across the network will enable you to drive efficiency and save money across your business as a whole.