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Following KPMG’s high-profile whistleblower governance failure, Australian aged care directors face heightened scrutiny. Under the new Aged Care Act, leaders can be personally fined up to $165,000 for non-compliant reporting systems, even if the organisation itself escapes regulatory action.
Delays in moving older Australians from hospital to aged care are driving major cost blowouts across the health system. New analysis shows each stalled discharge adds $6,661 in avoidable spending and increases the risk of premature entry into residential care. As slow reform and system gaps push pressure from aged care onto hospitals, leaders face mounting financial, operational and clinical consequences.
The government is pleased to have found over $5 billion in savings from the aged care sector, and more could come thanks to a very Grinch-like announcement on Wednesday night.
Changing resident expectations, ageing in place and increasingly complex support needs are reshaping retirement living. Dr Roger Pallant of the NSW Retirement Village Residents Association says leaders need to plan for that change and bring residents into the conversation.
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