- Research by Lottie found that 97% of people would change care providers
- Care comparison site says 44% regret their care home decisions
- Lottie launches with £500k pre-seed investment round led by Monzo founder
- Co-founder Chris Donnelly shares his family’s successes and failures
Social care is a national issue at the moment, with a new tax planned to help fund care homes for those who need them.
But finding the right care home on an individual level is a complex process that lacks transparency – and even once people are in one, they or their family may be unhappy with it and eager to make the switch. It is possible.
This comes despite the high cost of care, with figures showing an average of £672 per week for residential care, and in some areas such as London and the South East this can rise to £1045 and £1008 respectively.
The puzzle led Chris Donnelly and his brother Will to co-found the health technology start-up Lottie, an online comparison website that’s rocking the industry, having garnered significant backing from Monzo Bank founder Tom Blomfield.
Chris Donnelly (left) and his brother Will Donnelly (right) are co-founders of health tech start-up Lottie, which will eventually compare care homes across the UK.
Chris says: ‘The need for this business was born out of the realization after working in my brother’s care homes and interacting with families that they were dissatisfied with the state of care in the country and did not know that there was a good care home What. ‘
Lottie has launched at a time when the cost of care has been at the top of the government’s agenda.
The plan to invest in social care reform and the NHS would include imposing a health and social care levy on workers who would initially raise national insurance rates by 1.25 percent and then a new health and social care levy would be introduced.
While the hike in NI and the new tax has received mixed views, Chris is backing the move.
He adds: ‘Regardless of how the money is being raised, the government’s announcements about social care reform and increased funding are incredibly positive news and a step in the right direction for the sector, which is incredibly Tough is after a period of 18 months. Care operators and employees.
‘The country has waited almost 30 years for social care reform and Boris Johnson is the first prime minister to actually take the first step to bring about real change that can be felt on the frontline.’
As part of the move a £86,000 limit on care costs will be introduced from 2023 and people will not have to reduce the value of their life savings or home after that.
But importantly this would not include daily living costs such as housing, food and heating, and means that the actual capped costs for individuals could be much higher.
These changes will take time to take effect and in the meantime, thousands of families will end up looking for care homes for relatives.
It is not easy and sometimes people may decide that they have made the wrong decision when a relative is in the house.
Brothers do not blame families and caregivers for choosing a poor care home. Both say the wrong choice is often made after a family member’s sudden illness, injury or the loss of a caregiver, followed by pressure to find the right care.
When can the government pay for your care?
If you have less than £23,250 in savings, you may be eligible for a care fund from your local council.
According to nhs.uk, how much your council pays for your care will depend on the type of care you need and how much you can pay for it.
To find out what assistance you are eligible for, you need to assess your need for care with your council, which will conduct a financial means test.
The siblings’ views on the complexity of finding the right care home are also supported by their own nationwide research they conducted this year, in which 1,324 respondents participated.
Chris says: ‘The country was crying out for such a platform and we did a research which found that 97 percent would consider switching [care homes] And 44 percent expressed regret about their care home decisions.
Chris says his mother also inspired the brothers to launch a comparison website.
He says: ‘She was very friendly and loved talking to everyone, but she used to see a care home like an end-of-life hospital. But a good care home has a good community environment and helps people recover.
‘Dissatisfaction comes from complicity, not understanding the choice, and much more that is not up to standard. We only partner with those who provide a great standard.’
As a result of this research and experience, the siblings created Lottie, a comparison website for care homes in the South East, which launched in July with all of the UK in the coming months.
Lottie has been backed by Monzo boss, Tom Blomfield, as well as other investors, who recently invested a total of £500k in a pre-seed investment round.
average cost of care
Lottie provides an important comparison service at a time when the average weekly cost of traditional residential care more than doubled what it cost in the late ’90s.
In 2020 the average weekly residential care fee cost £672 and the average nursing care fee was £923 a week. Lottie’s figures show it was a mere £305 a week for residential care and £411 for nursing care the week before in 1998.
If you are seeking premium private care, the average weekly cost balloons to £868 for residential care and £1,165 for nursing care. The fee also depends on the location of your care home.
For example, privately funded residential care home fees in London are higher with an average weekly 2021 fee value of £1045, while the South East averages closer to £1008 on a weekly basis for this year.
Meanwhile, the areas with the cheapest weekly fees for residential care…