Cost of Care - Market Management

Tender description

"Our approach satisfies the following policy (Market Sustainability and Fair Cost of Care Fund: purpose and conditions 2022 to 2023) requirements: 1. Conduct a cost of care exercise to determine sustainable rates 2. Engage with local providers to improve data on operational costs and number of self-funders to better understand the impact of reform on the local market (particularly the 65+ residential care market, but also additional pressures to domiciliary care) 3. Capture the intelligence required to inform a market sustainability plan setting out local strategy for the next 3 years (2022 to 2025) – using the cost of care exercise as a key input, this provisional plan will demonstrate the pace at which local authorities intend to move towards a sustainable fee rate, in particular taking account of the impact of section 18(3) as well as other pressures they have identified. 4. Inform the data submission required. C.Co will deliver a Council specific report incorporating recommendations. This will take the form of a written report and presentation meeting for key internal council stakeholders. In addition to the above, the final report may also provide a series of considerations for the council on how it can improve its commissioning activity based on direct provider engagement, meetings with commissioners, best practice research and benchmarking. "