Laing & Buisson has updated its directory of long-term care facilities with financial information, following the Department of Health announcement that the Care Quality Commission will now oversee financial stability of the largest care homes.
Laing's Directories - Long Term Care Providers, in its 25th edition, will include a financial directory with "extensive" accounts breakdowns for providers with annual turnover in excess of £5m.
The directory, based on L&B's most recent survey of provider organisations with three or more care homes, contains listings for 550 providers of residential and nursing care for older people and younger adults.
The intelligence provider said the additional content will aim to be an essential part of the ‘early warning' schematics that the government intends to have in place following the collapse of Southern Cross Healthcare in 2011.
The directory also includes a top 20 of providers working in both the older people and younger physical disability care sector and those operating in the learning disability and mental illness sector.
Justin Merritt, director at Laing & Buisson, said: "With the addition of this financial information the directory takes a step up as a resource when it comes to making the right decisions about which companies are the most stable bets for long term care."
Care and support minister Norman Lamb announced earlier in May that early-warning financial checks on care providers would be undertaken in an aim to protect care users.
Partnering with Care Sourcer
Free initial call and 10% off
Findings expected Budget day
As part of serious illness cover
For mortgage and later life advisers