NZ’s Ryman Healthcare launches the ‘Nobel’ prize for aged health innovation

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The Ryman Prize has been launched by the New Zealand Prime Minister, John Key. The money will be awarded to the best invention, ideas, research concept or initiative that has enhanced the quality of life for the elderly.

Set at US$150,000, it is open to anyone, anywhere in the world with a bright idea.

An international jury has been convened to consider applications. The winner will be announced in August.

UK councils use ‘eBay’ online auction system to ‘sell’ aged care residents.

Furor is mounting in the UK where 12 councils have resorted to online bidding by aged care facilities for residents.

The local councils control the residential aged care packages and places the anonymous residents are for competitive tender bids. They detail the nature of the resident including their age, what care is required and the medication.

While the councils claim the winning bid is based on quality of care, a freedom of information search identified that 92% of the winning bids were lowest cost bid. The software program, called SProc.net, allocates the winning bid.

The process has been criticised as treating the elderly like ‘cattle’.

Like eBay, if the care provider sees they are the second lowest bid they can adjust their price down before the close off time.

Birmingham Council has been using the software and online auction system for three years and claims it has reduced care expenditure by almost 20%. Another 30 councils are looking at the software.

25 leaders in one forum – why you must attend the LEADERS SUMMIT 2015
If you have any business interest in the retirement village and aged care sectors, he must attend the LEADERS SUMMIT 2015 – next Thursday and Friday in Sydney.

Consider this, every major business stream has a speakers delivering real information that will guide to your business planning, strategy and day-to-day operations.

In two days you will experience more concepts and more knowledge than two years operating in the field.

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