For-profit and metropolitan providers continue to outperform other operators and financial performance across the board is strong with profit and investment up, according to the Aged Care Financing Authority.
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Disability service providers facing increased competition and funding pressures in the transition to the National Disability Insurance Scheme are eyeing opportunities in new markets in a bid to secure their financial viability, a new survey shows.
The financial performance of home care providers improved in 2014-2015, with 72 per cent of providers recording a net profit, up six per cent on the previous year.
Profitability in the residential aged care sector took a hit in 2012-13, with the number of providers recording a net profit down 4 per cent on the previous year.
The Aged Care Financing Authority’s inaugural report released on Monday estimated an extra $3 billion would flow to the sector in the first year of the LLLB reforms due to the removal of regulatory restrictions on charging for accommodation in high care.
Results of the 2012 Bentleys Aged Care Survey, released this week, have revealed important insights into how current aged care financing is affecting providers’ profitability and the sustainability of the industry.
He’s only been on the job, officially, for three days. But given he has almost 20 years experience working in the sector, he is still well-placed to comment on the NFP/FP debate. AAA talks to LASA-Victoria’s new CEO, John Bragg.
Company directors want to get rid of the ‘not-for-profit’ term that’s used to describe mission-based organisations, because it carries too much baggage, a new report says.
It’s important that not-for-profits retain their independence from for-profit aged care providers, according to ACSA’s new CEO, John Kelly, who spoke at the ACS NSW & ACT State Conference earlier today.
A panel of four aged and community care experts have discussed whether or not ‘not for-profit’ and ‘for-profit’ organisations, today, are really that different.
A returned Gillard Labor Government would deliver much needed reforms for the non-profit sector with benefits for all aged care providers.
Prices for electricity and gas in residential aged care are no longer “fixed”.
The latest national aged care financial survey shows further declines in net profit and the return on assets.
Aged care providers are spending more and more on gas and electricity, according to the latest Stewart Brown survey.