This study refines the formula published by the JRF in 2002 (revised 2004) for calculating reasonable fees, based on the operating costs of efficient care homes for older people in England. Using 2008 benchmarks, the study guides users through its associated spreadsheet and advises on modifications to reflect local market conditions. The full report, Calculating a fair market price for care: a toolkit for residential and nursing homes by William Laing, is published for the Joseph Rowntree Foundation by The Policy Press (ISBN 97818474231530). The toolkit spreadsheet is available as free download from this page: http://www.jrf.org.uk/bookshop/details.asp?pubid=974

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17 September 2008
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