Aged care providers will be able to access short-term grants to fix their management and IT systems, transfer ownership or shut down – with funding to be targeted towards those in rural and remote areas and in bushfire-affected areas.
To qualify, providers must prove they have limited access to other funding sources, be in a financial position that is impacting on their ability to care for residents and have a strategy for business improvement.
Minister for Aged Care, Senator Richard Colbeck (pictured centre, visiting bushfire affected facilities last week) said: “We recognise the expectation of higher quality and appropriate care for our loved ones comes at a cost and some providers need help to meet these standards.”
Is this a vote of confidence in the sector’s financial survival?
Applications will open from the end of February.
For more information, click here.
