This presentation discusses the analysis of the current market situation of the health care sector in the UK and the potential risks and opportunities for a new luxury care home in London. It also covers key legislation and the current situation of health and social care in the UK.
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Business Analysis and Planning
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Agenda •The agenda of the study is to enhance health care services in the country. •UK is the place where many care homes are working. Main agenda of ABC residential care is to provide medical services to high worth individuals so that they can improve their health and company can recover its cost as well. •Analysis of current market situation of UK of health care sector is another agenda of this study so that new residential care home can establish its business easily. •To find out opportunities and risk in London for luxury care home is another purpose of this research.
INTRODUCTION •Every business requires to analyze the market condition before entering into other location. It can support in successful establishment of the firm and gaining success. •Present study is based on ABC residential care home which is based in the Middle East. Firm is interested in establishing its new luxury care home in London. •Study will analyze the market condition of UK and potential risks which can be faced by entity by entering in new market. •Main aim of this residential care home is to provide quality care services to high worth individuals.
Key legislation Government has made laws in respect to improve services in health and social care sector. These A new luxurious care home which wants to enter into this market has to follow these standards and laws so that it can meet with criteria and can provide necessary services to its patients. These are as following •The care act 2014 •Care quality commission regulation 2009 •The care quality commission regulation 2012 •Data protection act •Social Value act 2012
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Current situation of health and social care in UK •Carehomeistheplacewheremedical professionalsprovideextracareand accommodationfacilitiestopeoplewhoneed support in their lives. •UK is the country where approx. 416000 people live in residential care home. Around 4% of 65 years live in such places. They believe that in residentialcarehomestheycangetthebest services and take care. •It is the place where old people can get nursing care with personal care.
Assumptions •Current economic position of UK is quite good but it may be possible that after sometime, due toincreasingterrorismactivities,economic position of nation may get reduced. •Currently, UK is using advanced technologies in hospitals, but if up-gradation takes place then ABC will have to train its staff members again and need to modify its operations in order toprovidequalityservicestohighworth individuals.
Opportunities in London for luxury care home If ABC enters in the UK health and social care sector, then it would get high opportunities in this market. •Property prices and high demand •Staffing •Care needs •NHS collaboration
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Potential risk •High competition •Trust of patients •Staffing cost
Conclusion •From the above study. it can be concluded that UK is the nation where health and social care sector is growing well. Highworthindividualswantluxuriouscareservicesin hospitals. •ABC has potential to meet their needs and offering them quality services. But still, business has to analyze the situation of market and risk that may take place after entering in this sector. •Thatwillhelpinmakingeffectivestrategiesandsetting success in the market.
REFERENCES Stanworth, S.J. and et.al., 2016. Mortality from trauma haemorrhage and opportunities for improvement in transfusion practice.British Journal of Surgery. 103(4). pp.357-365. Dewing, J. and Dijk, S., 2016. What is the current state of care for older people with dementia in general hospitals? A literature review.Dementia. 15(1). pp.106-124. Growth in the care sector – thoughts and themes from our roundtable discussion. 2014. Burch, S., Gray, D. and Sharp, J., 2017. The power and potential of telehealth what health systems should know: proposed legislation in Congress offers the promise that the nation's healthcare policy will support the expansion of telehealth, allowing hospitals and health systems to fully realize the benefits of this important emerging approach to care. Healthcare Financial Management. 71(2). pp.46-50.
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