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After months of negotiation the Federal Government and Coalition have reached an in-principle agreement in negotiations regarding the new Aged Care Act, however, the opposition has not passed on its formal notice of support meaning the bill remains absent from parliament.
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.
Asset management in aged care facilities is a complex process that requires careful planning, ongoing monitoring, and a commitment to providing the best possible care for elderly residents while adhering to regulatory requirements and financial constraints.
The aged care sector has shown notable financial improvement, with new government data revealing that 71.5% of residential aged care providers reported a profit in the second quarter of 2024-25.
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