Analysts have found ‘merit’ in the government’s planned overhaul of home care funding.
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The amount of aged care homes operating at a loss has tipped over 50 per cent for the first time, StewartBrown’s latest report on the financial performance of the sector finds.
Continuing AAA’s series exploring CDC in residential aged care, David Sinclair argues there is no reason that concepts from the hospitality sector cannot be adopted within the existing funding model, but providers must understand the costs of individual activities and price them appropriately.
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.
Stewart Brown analysed factors affecting the profitability of aged care facilities and, when it came to the age of the building, discovered there was a pattern to average profitability.
The former government’s decision to freeze ACFI rates has hit all Australian aged care providers including those in the top 25 per cent, new figures show.