In 2008, the Department of Health introduced radical new ways of delivering social care through its Transforming Social Care agenda, underpinned by ‘Putting People First’ with its central theme of ‘choice and control’. At the same time, an ageing population and better life expectancy means Local Authorities (LAs) all over the UK have to find a way to curb the rising costs of adult social care. The public sector funding cuts have added to the financial pressures for LAs who now have to re-evaluate their future budgets.
When faced with these challenges you should develop a financial sustainability plan which considers:
what your current spending is and what you are likely to spend in the future. For example: An LA with £100 million annual expenditure on adult social care could see costs rise by 10% over the next four years.
analyse the demand and supply side of your adult social care service – look at the facts and figures. How can you manage demand more effectively? And how can you achieve better value for money in service provision?
This will help you:
determine the scale of the challenge for your adult social care service and create a powerful case for fundamental change
develop a tailored programme of changes aimed at both the supply and demand sides of the equation, with clear milestones
achieve financial sustainability with a framework for measuring savings against the cost of change.
Our Financial Sustainability Plan for Dorset County Council, which has the highest proportion of elderly people in the UK, reduced their costs and led to ongoing savings.
To speak with a consultant about how we can help you achieve a better service and respond to the rising cost of adult social care, please contact us now.