The quality of life experienced by care home residents hinges on more than just medical competency; meaningful interactions and stimulating activities play a significant role in mental and physical wellbeing. Here’s why investors should opt for a person-centred, multidimensional, and innovation-driven care provider.
Heightened demand for holistic lifestyles
The fast-growing elderly demographic of the UK, which is expected to claim a 23% share of the population in 2023, also has a £300 billion-worth economic stake, and households with 65+ occupants own 1/3 of the nation’s property wealth. What’s more, older adults are now more independent than ever, opting to downsize their property and move to family-oriented community homes with upmarket amenities that promote a personalized, wholesome lifestyle. As a result of this, many care homes are rethinking the traditional condition-based model, and investors must look for bespoke specialist care packages that are a far cry from the “clinical straitjacket” of hospitals. Therefore, while evidence-based health management is vital, the best care home providers in the UK nurture deeper fulfilment by encouraging individuals towards old hobbies, making new friends, and furthering their interests through fun activities and assistive technology.
Fosters safety and transparency
A multi-layered approach to caregiving is also essential when it comes to empowering elderly residents to live their autumn years in the best possible way. For instance, the best care home companies in the UK enable residents to enjoy a secure and welcoming space without restrictions, facilitated by the expert attentions of motivated care staff supported by multidisciplinary teams, purpose-built MHRA-approved equipment and digital tools. The involvement of an on-site pharmacist geared with updated electronic records, for instance, can make sure that prescriptions are customized to each patient’s needs and symptoms, to mitigate the risk of adverse side-effects and medicinal wastage. Additionally, tracking devices and apps can be used with consent, to give patients access to their up-to-date progress, as well as help them safely perform routine steps without needing constant surveillance.
Enhances proactive efficiency
As an investor, it’s important to ensure that the nursing homes you choose have competent crisis management solutions in place. For example, QIPP principles (Quality, Innovation, Productivity, & Prevention) ensure optimal credibility, dignity, and ethicality in the treatment of each resident. Harnessing multidisciplinary expertise, for instance, requires a board of specialists comprising of a CQC-qualified Registered General Nurse experienced with dementia, and training executives, tech development teams, and 24/7 business support staff.Such on-site leverage can immediately remedy areas in need of improvement identified by the CQC or CWS, be it further training on how to handle behavioural disorders in care homes for dementia patients or upgrading of recordkeeping skills to facilitate better care enhancement strategies for individual patients.
A value-added community investment
Buy-to-let property enterprises for elderly mental health care homes have a plethora of benefits, from being investors being largely exempted from paying stamp duty tax to earning a yearly NET return of 10%, without having to pay for operational and maintenance costs. In addition to being a hands-free investment, care homes that proffer state-of-the-art fittings and engage inhabitants with a variety of indoor and outdoor activities constantly generate asset value while benefitting residents.
Leads to a collaborative safety net
Another key lookout for investors is whether these care homes for people with dementia allow for timely multidisciplinary intervention that leads to greater emergency responsiveness and less wastage of industry resources. Additionally, building a sustainable rapport with social and medical commissioners, as well as visiting professionals from GPs and lifestyle coaches to psychiatrists and optometrists will lead to a well-rounded care experience for residents. These constructive alliances facilitate effective clinical governance by constantly pushing for improvement fuelled with expert inputs like clinical audits, R&D, and co-production initiatives.