As the aged care sector prepares for the shift to the new Aged Care Act, funding and financial management are emerging as critical pressure points for providers. With tight margins and increased administrative burden, the drive to automate financial processes has become more than a convenience – it’s now a strategic imperative.
As the aged care sector faces a major shift in how services are funded and delivered, one thing is clear: the next 12 months will be turbulent. With new legislation looming, pricing standardisation on the horizon, and tighter financial accountability coming into play, aged care providers must urgently address long-standing gaps in procurement and operations.
As Australia’s aged care sector braces for the rollout of the new Support at Home program on 1 July, providers are grappling with fundamental changes to service delivery and funding, which directly impact cash flow.
With the legislation for the new Act yet to be finalised – just 34 bu
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