The number of residential aged care providers making a profit has decreased by 12 percentage points to just over half, the seventh Aged Care Financing Authority report shows.
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Home care sector changes continue to cause pain for providers
The overall performance of home care providers declined in 2017-18 and financial pressures are continuing, a key sector report says.
‘Try before you buy’ crowding out respite, report says
A report has recommended reducing the number of respite days that aged care facilities are allowed to offer amid concerns that some people are using respite as a “try before you buy” system and crowding out those in genuine need.
ACFA report shows shift in accommodation payment choices
Daily payments were preferred over lump sums to pay for residential aged care accommodation in 2016-17, the first time since the 2014 reforms, the sixth Aged Care Financing Authority report shows.
Providers sitting on $329m in unspent funds
Home care providers are holding $329 million of unspent funds on behalf of consumers and this could increase substantially in the medium term, ACFA says in its latest report.
Government launches ACFA investigation into respite care
The Aged Care Financing Authority has commenced a review into the use and funding of respite care services in Australia.
Noticeboard: New ACFA chair announced
In this wrap: Mike Callaghan to replace Lynda O’Grady at ACFA; Uniting AgeWell appoints Raelene Thompson as new chair; and ECH’s David Panter elected to LASA board.
Choice and control to hit home support next
Limited data on the Commonwealth Home Support Program is hindering the sector’s understanding of the largest part of the aged care system, sector leaders have told a national aged care conference.
Profits up but full effects of ACFI changes not yet known, says ACFA
For-profit and metropolitan providers continue to outperform other operators and financial performance across the board is strong with profit and investment up, according to the Aged Care Financing Authority.
ACFA highlights concerns over choice of payment breaches
The reforms to residential aged care payments have largely met its objectives, but there is evidence some providers are not allowing true choice of payment.
Home care fee arrangements under the spotlight
More than half of home care providers are charging consumers less than the maximum basic daily fee amount and 22 per cent are waiving the fee altogether, a new survey finds.
ACFA provides final advice on bond guarantee
Providers should contribute to costs of any scheme guaranteeing lump sum accommodation payments if the benefit exceeds the cost, says the Aged Care Financing Authority.
Mixed views on changes to support for disadvantaged seniors in aged care
The Aged Care Financing Authority’s proposals to change the arrangements around government-supported older people in residential aged care have drawn a mixed response among provider groups.
Providers against overhauling aged care bonds scheme as authority launches review
There is no compelling case to change the Accommodation Bond Guarantee Scheme in aged care given most aged care operators have adequate prudential arrangements and the government can already levy industry to recoup costs, providers will tell the Aged Care Funding Authority’s review of the scheme.
