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Innovation and Nursing Homes

  After the emergence of the SAR-Cov2, a lot of people is talking about the approach to the change of model of the nursing homes for dependent elderly people, even more a lot of people who don’t know the reality of social services are giving opinions on this theme, digressing and proposing measures that are far from models of equity in our society. Although there are different interpretations and validity of the proposals, there is a consensus of all that the model should change ant the direct attentions to the users must be improved. The evolution trend of our populations pyramid is known to all, in which there will be an increasing number of people over to 65 years, and therefore a greater number of dependent people, who require specialized care. Face to this situation, any action must be considered taking into account demographic evolution (due to the increase in older people both in absolute and relative value) and above all taking into account economic stability. So we start from
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The Spanish Law on Dependency (Ley de Dependencia)

One of the greatest XX century achievement has been the increase in life expectancy of mankind, specially people living in Spain and other western countries, brought about by, among other factors, the improved public health and welfare conditions. Over the last 45 years, Spanish development model has enabled an increase in the number of people reaching old age and doing so in a situation of relative financial stability. However, the increase in life expectancy coupled with a significant drop in the birth rate over the last 30 years has led to a rapid transition to an ageing population.  At this time it is estimated that in the European Union there are only two people of working age for each adult of 65 years or more. However, the challenge and scope of ageing populations varies for each of the member countries. Spain stands out as one of the countries where it is most prominent, reaching rates of around 32% in 2050, only exceeded by Italy and Slovenia. According to demographic forecast
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Innovation & Nursing homes

  After the emergence of the SAR-Cov2, a lot of people is talking about the approach to the change of model of the nursing homes for dependent elderly people, even more a lot of people who don’t know the reality of social services are giving opinions on this theme, digressing and proposing measures that are far from models of equity in our society. Although there are different interpretations and validity of the proposals, there is a consensus of all that the model should change ant the direct attentions to the users must be improved. The evolution trend of our populations pyramid is known to all, in which there will be an increasing number of people over to 65 years, and therefore a greater number of dependent people, who require specialized care. Face to this situation, any action must be considered taking into account demographic evolution (due to the increase in older people both in absolute and relative value) and above all taking into account economic stability. So we start from
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ESADE Bussiness School Alumni association recently organized a webinar about investment opportunities in the Spanish nursing home industry. The environment in which this event has taken place is one in which the population over 65 years of age has increased by one million in the last decade. In this time, the global capacity of long term care facilities for the elder has only increased by 12.353. These are public data recently published by the Imserso (Spanish Institute of ageing  and social services).  If the right ratio for nursing home beds for 100 people over 65 is 5% , in Spain the ratio is 4.21. Nine years ago it was 4.56. To comply with the benchmark, Spain should increase the number of nursing home beds by 70.000 places, 18.4% more than the current 381,158. The president of Healthcare Activos, a firm specialized in long term care investment and health real estate assets, proposed the reordering the nursing home sector in the face of the Covid-19 health crisis. Accordig to Guarn
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HOW HAS THE CARE FOR THE ELDER INDUSTRY EVOLVED IN SPAIN?

In 2010 , Pricewater House Coopers wrote a  report about the Long Term Care industry and care for the elderly in Spain. Eventhough some years have gone by, it is interesting to read the report and think about how have things changed. These are the conclusion of the report: The Law on Promotion of Personal Autonomy and Care for Dependent People, known as Ley de dependencia (Law 39/2006, of December 14) commits the government to assisting all those individuals in a situation of dependency, most of whom are elderly. The review of data regarding the elderly population and the design of the theoretical cost model carried out in the preceding sections are not intended to be exhaustive but are useful for contemplating important issues regarding the situation of the care home sector in Spain.  1. The remaining authorisations of long-term care service providers need to be completed. This is essential to guarantee Spanish people an equitable right to care services of comparable quality in all ge
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Some data about Spanish elderly population and nursing homes

One of the greatest XX century achievement has been the increase in life expectancy of mankind, specially people living in Spain and other western countries, brought about by, among other factors, the improved public health and welfare conditions. Over the last 45 years, Spanish development model has enabled an increase in the number of people reaching old age and doing so in a situation of relative financial stability. However, the increase in life expectancy coupled with a significant drop in the birth rate over the last 30 years has led to a rapid transition to an ageing population.  At this time it is estimated that in the European Union there are only two people of working age for each adult of 65 years or more. However, the challenge and scope of ageing populations varies for each of the member countries. Spain stands out as one of the countries where it is most prominent, reaching rates of around 32% in 2050, only exceeded by Italy and Slovenia. According to demographic forecast
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Nursing homes in Spain at a glance

Although it is very difficult to know exactly how many nursing homes there are in Spain because the statistics are made from the regions.  There is no doubt that it is a growing sector that in ten years (from 2008 to 2018), went from a turnover of 4,055 to 4,500 million euros and would have reached 4,800 in 2020 if it had not been for the pandemic. Thus, according to public data, in 2019 there were 372,985 places in Spain (in 5,417 nursing homes).   This is to serve a population over 65 years of age of about nine million people, which means a little more than 4 beds for every 100 people over 65 years of age. If the 5 beds per 100 elderly people recommended by the experts are to be reached, Spain will need to build 70,000 nursing homes in the coming years. The private nursing home sector is undergoing a process of concentration and the arrival of foreign capital. The large groups are the result of the merger of several companies. For instance, Domus Vi is made up of two large companies,
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