With a wide range of financial requirements and constraints, aged care providers always need to be up-to-date with relevant information. We’re here to help keep you abreast of Government changes, workforce tips and expert insights so you can deliver the best possible care outcomes and staff experiences.
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StewartBrown reports a positive financial turnaround amid ongoing challenges
Has the aged care sector finally turned the corner regarding financial viability? The latest findings from Stewart Brown suggest there is a mixed bag of results and while the outlook looks good, it’s still full of a few twists for 2024.
Royal Freemasons transfers two homes to Respect as its aged care footprint shrinks
Respect continues to expand its reach within the aged care community, taking over the ownership of two regional homes previously operated by Royal Freemasons in Victoria.
Wealthier consumer contributions should be paired with relaxed means-tested caps, aged care leaders say
Increased consumer contributions from wealthier Australians is expected to relieve some of the financial burden on aged care, with industry leaders also calling for the deregulation of daily fees and means-tested price caps.
UARC report reveals varying cost of care delivery impacts financial viability
Financial viability, varying direct care costs and complete Registered Nursing coverage continue to be among the top challenges for aged care providers, according to the UARC’s Australia’s Aged Care Sector Report.
Residential care providers continue to operate at a loss despite marginal growth
The Government’s Quarterly Financial Snapshot shows the aged care sector experienced a positive finish to the 2022-23 financial year with marginal improvements in net losses.
Is the AN-ACC price hike a sustainable solution for providers?
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.
Confidence levels vary in care minute data management and AN-ACC transition, says Mirus Australia
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.
New report suggests retirement living growth could save aged care billions
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.
Flexible work models linked to higher revenue growth, claims The Flex Index
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.
How philanthropy and ESG considerations can benefit aged care
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.
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