SATURDAY Issue 76

Opinion: Aged Care Taskforce recommendations still on the table despite Budget disappointment

Despite warnings, last week’s Federal Budget blindsided many of the sector’s leaders – but there is hope on the horizon. Five days before Treasurer Jim Chalmers took to the floor of Parliament, The Australian newspaper broke the story that the...

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Treading water: aged care operators are in strategy limbo, waiting (again) for Government

With last week’s Federal Budget failing to deliver a response on the Aged Care Taskforce’s recommendations, aged care providers have been left asking: where to from here? Lack of funding certainty around aged care – and leadership being shown...

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“A terrifying system built to fail”: why CEOs are leaving the aged care sector

Former executives tell us why they are taking the opportunity to get out now, as multiple new Department measures cannot be met or accepted. What does it mean if the experienced leaders depart the aged care sector? In the last 12 months, an...

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Stuck at the start of your technology transformation? Good.

At a time of rapid change and under pressure to innovate, some aged care providers are stuck at the start of their transformation roadmap because they don’t know where to begin, how much it will cost, or even the benefits they could achieve...

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CommBank reveals that equity required to build new aged care beds has jumped 300-600%

The business case for building new aged care beds is increasingly out of reach for most operators. Banks and boards see the increased construction costs and interest rates as major barriers to funding new projects. Increased revenue per bed is the...

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“Bleeding financially with no roadmap”: CHSP and Support at Home providers are rudderless and bailing

Increasing numbers of providers say there is little incentive to hold tight to 2027 (for CHSP) when they are losing money. In 2021 the previous Government issued the first timeline to meet the recommendations of the Aged Care Royal Commission by...

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How does LDK’s membership model make care in retirement villages work financially?

Retirement villages are being strategised operators as the ideal location to deliver aged care, but does a traditional DMF contract supported by home care packages offer the best business solution? LDK’s membership model is an alternative, but...

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Executive Spotlight

Over 2,000 operators provide retirement living, support and care to 1.3 million Australians. 360,000 staff and 100,000 suppliers are engaged every day. It’s a $30 billion a year sector delivering vital services for our older citizens. At SATURDAY...

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Lauren Broomham

24 May 2024