While much of the care industry is retreating from providing new high and low care, Aevum sees increasing profits. They state there site only (i.e. no corporate overheads) EBITDA profit per bed as $8,984 for high care and $11,412 for low care, and were also claiming that they anticipate further improvement in earning performance with the new ACFI payment scheme.
Government Policy
Aged care’s remoteness tool “not fit for purpose,” consultation finds
The Government’s review of the Modified Monash Model (MMM) – used to allocate rural, regional and remote aged care funding – has found the tool is “useful but limited” and, in its current form, “not fit for purpose” for aged care.