Perhaps the most contentious and expensive regulation changes to the village sector for some years will come to the next week when the New South Wales government announces its new regulations, particularly on capital costs, and many being surprise amendments. The RVA at short notice engaged the industry to present a balanced view of village operations viability - affecting both for-profit and private operators. Many operators are unaware of the challenge to the viability of their businesses.
Our big idea: co-located retirement villages can solve hospital ‘bed occupancy’ in 16 weeks
Across Australia 2,000 hospital beds now hold 2,000 older Australians getting sicker, waiting for an aged care bed. The cost: $1,500 to $2,000 per day. Could co-located retirement villages offer a solution?