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“We must diversify”: TLC Healthcare CEO Lou Pascuzzi on his aged care journey – and what must change

1 min read

If you have ever wanted to know more about the CEO of the Melbourne-based provider, which has pioneered a unique intergenerational care model, here’s your opportunity.

Lou Pascuzzi appeared on healthcare equipment provider HLS Healthcare’s ‘Better Ways for Living’ podcast last week and it is a great insight into his early career and how he led TLC’s expansion into medical centres, aged care training, early learning and health clubs as it sought new revenue opportunities over the last decade.

Case in point: TLC Healthcare purchased a warehouse and began directly supplying its health care supplies from Vietnam two years ago. Today, TLC sells to 20 other aged care providers and has saved around $900,000 on its normal consumables expenditure in the last 12 months.

The group also spent three years working with WorkSafe to achieve self-insurance, reducing its $2 million workers compensation premiums to zero.

Lou also outlines TLC’s future plans and calls out the disjointed relationship between the primary care, aged care and acute care sectors in Australia, suggesting that the only way for the system to no longer be a political football is for either the States or Federal Government to assume responsibility for the whole system.

You can listen to the full 48-minute podcast here.

If you’re a SATURDAY subscriber, you can also read our cover issue with Lou which details more of his thinking here.

The SOURCE: Lou Pascuzzi is one of the aged care sector’s true innovators, and a great advocate for changes at the Government level to help other providers follow TLC’s example.


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