Just 7,933 of the 10,493 residential aged care places were taken up in the latest round of offers, reflecting again the inability of providors to afford building new beds under current funding. At the same time the sector sought 24,000 community care places but received only 1,724. The Government still has not responded to the Productivity Commission report and its user pays recommendation.
The Weekly SOURCE
“Not investable”: StewartBrown warns on aged care bed shortfall
StewartBrown’s March quarter 2024-25 Aged Care Financial Performance Survey has highlighted the looming shortage of aged care beds over the next 10 to 15 years, reinforcing the urgent need for sustained capital investment to meet growing demand...