August 11, 2020
Download the FREE Financial Viability Guidance for Care Providers here:
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Under Regulation 13 of the Care Quality Commission (Registration) Regulations 2009, providers are legally required to ensure their financial viability. Therefore, when care providers face financial challenges, they may require financial injections from the lender to keep the business running. Due to COVID-19, some care providers are financially struggling because of the reduced occupancy level and increase in expenditure on service management.
To receive financial support successfully, you need to be clear what to do and in what order. Our Viable Care Financial Guidance and Form explains the preparation required steps by steps and documents you will need to provide to financial providers.
Our guidance includes:
- Step by step guide for applying financial investment
- List of documents required
- CQC inspection summary template
- CQC Latest Star Rating Form