Traditional residential aged care and home care business models will not survive mid-long term in the new customer-driven, competitive marketplace of aged care and health care, writes Michael Goldsworthy.
Michael Goldsworthy outlines why aged care boards are adopting new approaches to their strategic thinking and decision making.
Merger, amalgamation and partnership activity is at unprecedented levels in aged care, as the not-for-profit sector faces profound challenges. Now there are stark predictions that within the next decade not-for-profits will make up just a third of the sector.
No organisation wants to be faced with closure, and no community wants to lose its local aged care facility, but that’s where many aged care providers could find themselves if they fail to adapt, leading experts tell AAA.