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
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.
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.
The residential aged care sector is continuing to experience ongoing financial challenges, according to the latest data from StewartBrown’s quarterly benchmarking report.