The Coronavirus pandemic has tragically left care homes with too many empty beds. If you have empty beds how does it make you feel?
Does it stress you enough to consider filling for whatever fee is offered simply because you think a filled bed is at least bringing in some income and is therefore better than the bed staying empty?
What’s the financial impact of having empty beds in your care home?
If you want to know how to work out the financial impact of having empty beds is having on your home and whether you should accept a low fee just to fill one then read this post. (more…)
You probably don’t have time to read this because you’re too busy testing and checking your staff and residents, but this is about that and really worth reading because it’s all about the eye-watering costs of keeping your residents safe.
Your weekly costs have just increased dramatically. First you had PCR tests and now you have LFD tests (or LFTs). These new twice-weekly tests are taking twice as long to carry out and costing twice as much as the PCR tests.
So, how much is all this testing and checking or staff and residents actually costing your care home? I’ve done some calculations for a care home with 50 residents and 120 staff. Check out the extraordinary results – they will probably shock you.
The end of the year fast approaches and I would usually be talking about reviewing the year that’s been and setting or tweaking a strategy to make the year ahead even better. And for our own care homes we would be having such talks.
This year has changed all of that. For most business owners in all sectors, not just the care sector, the talk will be about survival. We’ve made it this far, how do we ensure we make through to the other side in the best possible shape.
None of us could have been prepared for the year we’ve just had, but we can be prepared for the year ahead.
What you can’t do, is hope that next year will be better. What if it isn’t? What if the virus continues to impact our society as it has this year? We have to make sure that our care homes will get through whatever next year has in store.
If you want to do that then this is where you need to start.
There are two words – just two – that are possibly the most powerful words in our language. They are not sexy or romantic (that would be 3 words), they aren’t long, difficult to pronounce, multi-syllabic words. They aren’t poetic, possess no beautiful lilt or rhythm. They are every day, mono-syllabic, dull words.
But together – they are so powerful. They form a question that we all subliminally ask in our daily lives, but few actively ask with a view to consciously process and make things better.
Successful business leaders and managers ask this question all of the time to make their businesses successful. You should be asking this question in your care home.
And talking of time – actively asking this question will make a time traveller of you.
Do you currently have more empty beds than usual because of the pandemic?
If you do, then like many care providers, will you take what clients you can at any price in order to fill those beds?
And if you will, does that mean you think that an empty bed is the worst possible scenario?
If you take a client for a low fee because you think an occupied bed is always better than an empty bed, then please read on.
Coronavirus is here to stay.
So far, 29 million people have caught it. Any chance we had to contain it has passed and the scientific consensus is that this virus is too widespread and too easily transmissible. It is never going away.
In August, the first case of a person being reinfected with Covid-19 was reported and at the time of writing this post, cases are increasing rapidly and restrictions to our movements are being re-introduced.
Even when we hopefully have a working vaccine by the end of next year, breakouts will occur. Eventually, we will have to learn to live with it as we do with the flu virus.
Keeping Coronavirus out of your care home is proving to be a challenging exercise and right now, cases are increasing once more. One of the biggest challenges is the actual cost of trying to keep Coronavirus out of your care home and keeping your residents safe.
But do you know how much this is costing you? The cost of PPE is only one factor and not even the largest.
On a weekly basis the cost of keeping your residents Covid-19 free could be the equivalent of several bed fees.
You need to know how much your efforts to keep your residents safe is costing you because only by knowing something can you have any hope of doing something about it.
In this post I’ll take you through the key task you should be carrying out and talk about what you should be doing now to manage the extra cost that this virus has laid at your door.
I’ve also created a free report, The Cost of Keeping Covid-19 Out of Your Care Home where I take you through the this in more detail and use an example nursing home to highlight the kinds of costs you could well be facing. In the report I also introduce a costing tool that will help you calculate exactly how much this pandemic is costing your care home.