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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Regional providers fear the cost of aged care reform could be too high
Regional aged care providers in South Australia have expressed their fears over implementing aged care reform changes, with recruitment, training and IT infrastructure all looming as damaging costs.
Accounting peak bodies label aged care funding “too complex”
A joint submission to parliament from some of Australia’s most influential finance and accounting peak bodies has labelled the new Aged Care Act’s proposed funding arrangements “too complex” and incompatible with other Government policy areas.
Sector profitability holds steady as labour expenses keep growing
The percentage of profitable residential care providers increased considerably during the first three months of 2024, with the Government’s latest Quarterly Financial Snapshot showcasing positive performance in both residential and home care sectors.
The devil is in the details: AN-ACC funding changes and complexities
Major changes to AN-ACC funding present a much-needed victory for certain pockets of the aged care sector. Regional and rural providers should be especially excited over funding boosts after being lumped together with metropolitan providers in some scenarios.
Government reveals AN-ACC changes to fund higher staff wages
The Government has announced it will invest an additional $3.8 billion over four years to fund the next round of aged care pay rises, revealing key changes to AN-ACC prices starting next month.
Financial reporting requirements cause fatigue in aged care
Reporting fatigue is one of the top concerns among aged care providers with a recently released Questions and Answers document highlighting a spate of challenges caused by financial reporting.
Industry leaders slam AN-ACC funding: “It’s not working at all”
Aged care’s AN-ACC funding model has come under fire with one regional provider claiming “it’s not working at all” while another said it’s not sustainable, especially for more innovative models of care that look to redefine the publics’ expectation of residential aged care.
Direct care costs set to hinder financial progress, StewartBrown reports
Last December’s AN-ACC starting price increase continues to have a positive impact on residential care providers, yet significant staffing shortages threaten to derail much of the financial progress in the second half of 2024.
Pay rise uncertainty continues for aged care nurses despite latest FWC decision
The Australian Nursing and Midwifery Federation wants the uncertainty to end over a pay increase for nurses working in aged care after direct care workers finally received confirmation over their due date for a pay rise.
UARC’s mid-year report highlights aged care’s good and bad results
The UTS Ageing Research Collaborative (UARC) has released Australia’s Aged Care Sector Mid-Year Report for 2023-24. Mixed financial outcomes and emerging, yet concerning, Star Ratings trends have caught our eye.
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