Conclusion NURSING AND PERSONAL CARE
Our KPIs show generally negative trends in the elderly care sector over the last year, in contrast to the generally positive pattern of recent years.
The personal care sector has seen pressure this year, with static fees and only a small increase in average occupancy levels. With rises in RPI in recent periods, personal care fees have seen a fall in real terms of 3% over the year. Whilst non-payroll costs have remained static, there has been a marked increase in payroll costs over the last half year; it is too early to draw any great significance from this but this will be factor to watch in our next data set. Overall, profit levels have fallen in personal care.
The nursing sector has proved a little more resilient. Whilst occupancy levels have fallen, fees have increased, resulting in an overall positive picture. With small variations in payroll and non-payroll costs, profit levels in general show only a small decrease in percentage terms. However, when viewed together with the changes in ‘total income’, the picture has been generally positive for the nursing sector over the last year.
SPECIALIST CARE
The specialist sector has generally experienced some challenges in recent years. However, over the last year, occupancy rates have remained more or less stable and fees have shown steady growth, giving a positive picture regarding ‘total income’ levels. There has been a marginal increase in both payroll and non-payroll costs, which has resulted in falling EBITDAR levels in percentage terms. When viewed as a whole with the income changes suggested by the KPIs, the picture has been generally positive for the specialist sector over the last year.
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HEALTHCARE MARKET REVIEW 2017 | COLLIERS INTERNATIONAL
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