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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.
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.
Quality Standards confusion: Why staff need more than a memo
The Aged Care Quality Standards were introduced to define what good care looks like, holding providers to account so they deliver safe, high quality care that meets the needs and preferences of older people. The incoming Strengthened Quality Standards – to be introduced from July 1 alongside the new Aged Care Act – are a […]
Food and nutrition funding may go cold despite demand for help
Food and nutrition in residential care remain a top priority for the Aged Care Quality and Safety Commission. However, the Food, Nutrition and Dining Unit potentially faces months of uncertainty as its current funding allocation nears the end of its cycle – while the 2025 Budget hinges on federal election results.
Reform transition comes at a cost, StewartBrown report finds
StewartBrown’s latest aged care financial performance analysis paints a contrasting picture for the sector. Last year, modest revenue gains failed to overcome continuous growth in direct care and administration expenses.
Home care providers: Secure your $10,000 grant before month-end
The Department of Health and Aged Care is stepping up to support home care providers as they prepare to implement the new Support at Home Program and the Strengthened Aged Care Quality Standards.
Quality indicator expansion hits a roadblock, rollout delayed
The next phase of the quality indicator program is right around the corner with April 1, the key date for the three new staffing quality indicators, looming.
Extreme weather events emphasise aged care facility insurance red flags
Many Australian summers are filled with the type of confronting weather extremes eloquently captured in Dorothea Mackellar’s famous poem, My Country. In it, she calls this sunburnt country one of ‘drought and flooding rains’.
Rising premiums? How the new Act could impact insurance
Aged care providers could be staring down the barrel of rising insurance premiums as impending regulatory reforms linked to the new Aged Care Act place additional responsibilities on the shoulders of registered providers
Provider insight: The key amendments made to the new Aged Care Act
The Department of Health and Aged Care has shared a summary of amendments to the new Aged Care Act, highlighting the main changes from its progression through parliament in late 2024.
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