72% of home care providers recorded a net profit in 2014-15, up 6% from the earlier year, according to the latest annual report from the Aged Care Financing Authority (ACFA).
The average EBITDA per package was $2,235, an increase from $1,973 in 2013-14 or 13.3%.
Overall, profits hit around $150 million, a jump from $120 million from the previous FY.
The top 25% made the big profits, an average of $4,357 compared to $1,912 for the next 25%.
In the past 12 months, 170 new home care applications have been submitted to the Department of Health, which funds over $3B in home care annually.
But even with consumer-directed care due to begin in February 2017, the number of home and community care (HACC) providers across Australia still dropped slightly from 1,676 to 1,628.
75% of these are Not For Profit, while 18% are government-owned and only 7% private.
