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.
Regis Aged Care and Japara have confirmed they will refund the fees they charged residents to recover infrastructure and construction costs following the recent Federal Court ruling.
The aged care property market is poised for an increase in activity over the coming year, according to aged care strategic advisor and consultant Cam Ansell.
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.
ACFA’s latest analysis of residential aged care has been welcomed for its accuracy, and despite some surprising but favourable findings regarding regional providers, experts have stressed the urgent attention needed for rural and remote operators.
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.
A two-tiered system in residential aged care is emerging with significant consequences for consumer choice, according to Australian researchers who have called for a public debate on the preferred industry ownership structure.
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.
AUDIO: Big operators are expanding and the number of smaller providers are reducing but the aged care sector will continue to be dominated by organisations with five facilities or less in five years’ time, according to industry expert Cam Ansell.
The re-entry of private equity firms, new foreign investors and the continued expansion of existing operators are three factors driving the biggest wave of investment and consolidation in the aged care sector’s history, says a financial expert.
Ordinary cost pressures faced by residential aged care providers can be substantially amplified when the residents are from diverse cultures and language backgrounds, according to a new report by Cam Ansell and Petra Neeleman.
The final ‘interim operating framework’ for the newly formed Aged Care Financing Authority has been released but the jury is still out on whether it will help or hinder many of the objectives of the Living Longer Living better reforms.