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Care home inspectors are to be given new powers to monitor financial records in a bid to prevent increasing numbers of sudden closures that leave elderly residents with nowhere to live.
The new series of measures has been designed to prevent a repeat of the Southern Cross crisis, which affected 30,000 vulnerable residents when it abruptly collapsed in 2011.
Norman Lamb, the government?s Care and Support Minister, said the Care Quality Commission (CQC) will implement a "tough series of checks" on 50 to 60 of the largest operators, including those which provide care in people's own homes.
The CQC will have power to require regular financial and relevant performance information as well as "sustainability plans".
The move will give "early warnings" if a company is in trouble, Mr Lamb said.
http://www.telegraph.co.uk/health/h...nances-in-bid-to-prevent-sudden-closures.html
The new series of measures has been designed to prevent a repeat of the Southern Cross crisis, which affected 30,000 vulnerable residents when it abruptly collapsed in 2011.
Norman Lamb, the government?s Care and Support Minister, said the Care Quality Commission (CQC) will implement a "tough series of checks" on 50 to 60 of the largest operators, including those which provide care in people's own homes.
The CQC will have power to require regular financial and relevant performance information as well as "sustainability plans".
The move will give "early warnings" if a company is in trouble, Mr Lamb said.
http://www.telegraph.co.uk/health/h...nances-in-bid-to-prevent-sudden-closures.html