The team behind an aged care experience platform has picked up first prize at an industry event this week for the proposed redevelopment of its business model to expand services and value to the sector.
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A new interactive map has been launched to assist Australian aged care providers to identify where there is a high demand for workforce training programs in China.
China’s rapidly growing population of middle class seniors offers opportunities for Australian aged care providers, but those interested in entering the “complex market” should go in early, Austrade says.
Delegates from the first Australia-China International Aged Care Summit have said the Chinese aged care market represents “enormous” opportunity, but warned investment must be a considered process.
With the China-Australia Free Trade Agreement paving the way for Australian aged care providers to set up in the world’s second largest economy, the opportunities are potentially enormous as China seeks to double its aged care beds by 2020.