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BUPA Warn of Care Home Shortage if Funding isn’t Increased

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Bupa has criticised the government’s lack of policy on care homes around the UK.

Ray King, chief executive of Bupa has suggested that the care home sector is heading into a crisis because of a dire lack of funds from the government.

He called on the government to, “address the chronic underfunding of care,” otherwise the closure of private care homes will create a crisis of “bed blocking” across the NHS.

Mr King suggested that the number of care home places in the UK will spirall unless operators get “fairer fees.”

Bupa itself recently reported lacklustre 6 month results in it’s UK care home sector. However, the company’s profits grew overall thanks to a rise in international sales.

The private medical group has reported a 51% jump in pre-tax profits to £244m from January to June this year, mostly from it’s performance across Australia and Asia. Overall international profits were up by 14% whereas turnover in Europe and North America fell by 2%.

Bupa’s care home business across the UK fell in profits and occupancy this year, and revenues globally were only up 1%.

Approximately 70% of it’s 18,000 residents in care receive some funding from local authorities or primary care trusts, many of whom are facing major budget cuts.

Bupa believes there may be a 100,000 care home bed shortfall within 10 years if investment in the sector is not increased.

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