There is no case for fixed staffing ratios in Australian residential aged care, a leading industry consultant has told the royal commission.
Declining occupancy, rising staff costs and a fall in revenue are behind the lacklustre financial performance of the three-listed aged care companies, analysis shows.
A new resource advises retirement villages on the considerations for moving into the home care market in the context of reforms deregulating the allocation of packages.
The Commonwealth’s controversial changes to aged care funding will cost the sector in excess of $2.5 billion over the next four years, almost $840 million more than the government has estimated, a major new analysis shows.
The changes to claw back aged care funding announced in last week’s budget are far more than the government predicted, and if they go ahead, will impact sector viability and result in exclusion of high-needs residents and inadequate treatment, according to new analysis by Ansell Strategic.
The clear distinction between care and accommodation costs is starting to have a positive impact for providers but the revenue streams from each should be clearly separated on the ledger, according to experts.
While there is great intent among aged care providers, there is still a lot of work to do around choice and systems before consumers will be able to direct their own services, the sector’s first major conference of 2015 heard this week.
With a flurry of review and ratings sites recently launched or in development, aged care is now firmly a sector at the mercy of consumer opinion. While greater information is welcome, these sites raise issues around transparency and verification, and for providers the question of how to respond.
With providers and consumers getting used to the 1 July changes, analysts are determining the new lay of the land in aged care finances. Ruth Callaghan reports.