The proportion of aged care facilities operating at a loss has increased by more than 11 per cent over 12 months with those in rural and remote areas faring the worst, StewartBrown’s year-end report on the financial performance of the aged care sector shows.
The results for the nine months ending 31 March 2018 indicate the financial performance of residential aged care facilities is continuing to deteriorate, StewartBrown’s new quarterly benchmarking report shows.
The proportion of aged care facilities reporting a loss has grown from 34 to 41 per cent in six months, according to StewartBrown’s latest benchmarking report, which found an increasing number of financially vulnerable facilities.
AUDIO: With the new funding arrangements coming into effect in less than two weeks, aged care organisations need to understand the range of impacts the reforms could have on their bottom line.
The 17th annual Bentleys Aged Care Survey is open to submissions until 23 December – participants get a free ‘financial health check’.
The results from the latest Stewart Brown benchmarking survey show modest improvements in the last year.
Aged care providers are spending more and more on gas and electricity, according to the latest Stewart Brown survey.
This year’s survey will have a particular focus on capital investment and staffing, along with a new section on the ACFI.