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Opinion: Advance Australia Fair
The introduction of the AN-ACC funding model aims to provide ‘equitable funding’ in aged care. Yet, the reality is that the industry is more divided, has less growth potential, and is less profitable.
Commission seeks feedback on new provider registration and renewal fees
The Aged Care Quality and Safety Commission is seeking provider feedback on proposed charging arrangements for providers who wish to register, renew or vary their registration.
‘Formulaic’ liquidity calculation risks future sector investment
New Aged Care Financial and Prudential Standards aim to enhance financial governance and sustainability for providers. However, a formulaic calculation may have unintended consequences.
Aged care’s $300M tech gamble: A costly digital trap?
Is the Federal Government falling into a classic corporate software trap as the true costs of implementation unfold – lured in with a $13.5 million contract, only to now find itself on the hook for what has become a $150 million piece of software?
An uneven playing field: The risk new minimum liquidity standards pose
New Financial and Prudential Standards under the incoming Aged Care Act creates an uneven playing field that threatens to restrict development, force businesses to restructure, and challenge operators already under pressure to replace diminishing cash flows.
Gov aims to close the aged care nurse gap with $2.6 billion commitment
The Australian Government’s heavy investment into the aged care sector continues with a $2.6 billion announcement to fund the second pay rise for 60,000 nurses, taking its total wage increase commitment to almost $18 billion.
Shock profitability drop: Can residential care afford to delay change?
The latest Quarterly Financial Snapshot report for the aged care sector delivered some shock results for residential care providers, emphasising the need to find viable operational solutions.
Regis reports sustained growth in FY25 results
Regis Healthcare has delivered strong earnings growth and cash flow generation across the first half of Financial Year 2025 (FY25).
Are you prepared? Aged care nurse wages to rise on March 1
Aged care providers have less than a fortnight to prepare for increases to minimum award wages for registered and enrolled nurses as the Fair Work Commission’s final determination in the Aged Care Work Value Case comes into effect.
RAD changes highlight pricing strategy complexities
Residential aged care providers have expressed varying degrees of confidence following changes to RAD guidelines allowing providers to set far higher prices without external approval.
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