Finance

The Government has injected $2 billion into AN-ACC to raise the price, but as Mirus Australia explored in their most webinar, a sustainable strategy is still crucial for providers to make the most of their resources.

A lack of confidence in managing care minute data is one of the largest hurdles aged care providers currently face after Mirus Australia’s latest analysis of the AN-ACC transition.

The Retirement Living Council released the Better Housing for Better Health report over the weekend, suggesting expanded retirement living opportunities could save the Government billions of dollars in residential aged care expenditure.

There’s more reason to think that hybrid work policies can positively impact the workplace after recent international data revealed a noticeable difference in revenue between organisations with flexible work policies and those with more restrictive ones.

Environmental, social and governance (ESG) investing has gained a considerable amount of traction in the investment space, and there are important considerations for aged care organisations.

Last week, aged care leaders gathered for the ACCPA National Conference in Adelaide. Among the highlights was a conversation where members of the Aged Care Taskforce gathered to share insights ahead of their interim report.

Mirus Australia has dropped its October data release for the aged care industry with sector-wide care minute and RN minute increases headlining a positive quarter of results, although high levels of underreporting could be preventing many from achieving their requirements.

The aged care sector is at a very important junction which will require leadership, vision and courage from all stakeholders, including the government, opposition parties, government agencies, community, workforce and providers.

The core objective of aged care asset management planning is to optimise the allocation and utilisation of resources to optimise the life of your assets and ensure a high quality living environment for your residents.

A recent Government webinar confirmed there will be no financial penalties for care minute non-compliance, although providers may still require plenty of hard work to ensure other penalties are avoided.