The number of loss-making facilities in outer regional, rural and remote areas is on the rise, with homes in South Australia struggling the most, a new report shows.
Tag Archives | Aged Care Financial Performance Survey
Hundreds of providers at risk of insolvency
Almost 200 residential aged care providers with more than 30,000 residents have insufficient funds to cover their liabilities, according to a new analysis by Leading Age Services Australia.
Financial performance of the sector deteriorating
The current aged care funding model is under significant strain, with more than 45 per cent of residential aged care facilities operating at a loss, according to StewartBrown’s quarterly benchmarking report.
Financial performance of sector ‘disappointing’
The residential aged care sector is continuing to experience ongoing financial challenges, according to the latest data from StewartBrown’s quarterly benchmarking report.
