Care Quality Commission (CQC) and Ofsted ratings are important to care home operators as it gives them more credibility when negotiating fee increases from local authorities. That’s why ‘good’ ratings on 87 per cent of CareTech’s (CTH) portfolio (ahead of the sector average of 71 per cent) is a major benefit. With such a highly-rated portfolio, the group is confident of negotiating a 2 per cent fee increase, which should offset the extra staff costs following the new living wage that came into effect in April this year.
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