The latest StewartBrown survey results are out, showing that aged care providers continue to run at a loss on accommodation and daily living expenses – and confirming again the need for the Government to take up the Aged Care Taskforce’s recommendations.
See my thoughts too on the challenge facing operators that won’t be solved by the Taskforce’s Final Report.
And if you missed last week’s LEADERS SUMMIT, be sure to check out the presentations by DCM Group CEO Chris Baynes, ACCPA CEO Tom Symondson and Group Homes Australia’s Tamar Krebs – plus our picture gallery of all the action.
Keep an eye out too for this week’s edition of SATURDAY – with Estia Health’s Chief Information Officer, Fiona Caldwell on the cover – earlier this week because of the long weekend.
It’s our special Technology edition with insights from CIOs across the sector, a look at some of the key tech-related presentations from the LEADERS SUMMIT and much more.
Enjoy the Easter break.
Opinion: positive financial results for residential aged care – but more workforce pain ahead
By Lauren Broomham
The latest StewartBrown Aged Care Financial Performance Survey has again delivered improved results for residential aged care providers – but also hinted at the increasing pressure that operators will face in the leadup to the mandated requirement for 215 direct care minutes per resident in October.
New StewartBrown Aged Care Financial Performance Survey shows the need for Taskforce recommendations to be adopted
By Caroline Egan
Residential aged care operators continued to make significant losses in the delivery of everyday living and accommodation services, the StewartBrown Aged Care Financial Performance Survey for the six months to 31 December 2023 shows.
BaptistCare buys Presbyterian Aged Care’s home care business
By Caroline Egan
The Not For Profit, which was the nation's ninth biggest home care provider in 2023 according to KPMG, has strengthened its position and established a hold in NSW's New England region after buying Presbyterian Aged Care's home care business.
Hospital bed crisis is aged care crisis – 375 new beds every month required
By Chris Baynes
According to a study by Deloitte, the growth in new hospital beds over the next 15 years has stalled at around 95,990 beds. Their report however states that by 2036 the country will require 148,317 beds, a 55% increase.
The LEADERS SUMMIT 2024 at the Hyatt Regency Sydney attracted more than 500 executives in the ageing sector to hear 43 CEOS and industry leaders talk about the optimism permeating through the retirement living and aged care sector.
Only in SATURDAY: What is keeping CIOs awake at night?
By Caroline Egan
Data breaches, cyber security and budget cuts – with technology the key to gaining the advantage in the new competitive marketplace, what are the biggest worries for CIOs across the sector?
Families paying $80 a day for private aged care in Thailand: 60 Minutes
By Caroline Egan
Australian families seeking to avoid aged care facilities at home are finding the care and services they need, including dementia care, in luxurious resorts overseas, such as in the northern Thailand city of Chiang Mai, the Nine Network's 60 Minutes reported on Sunday.
Bupa Asia Pacific’s aged care operations return to profitability for first time since 2018
By Caroline Egan
Bupa Asia Pacific's aged care operations returned their first profit in six years in 2023 on the back of higher occupancy rates, increased government funding, and improved rates of compliance.
LEADERS SUMMIT 2024 Video: "I'm a little bit more bruised, I've got a few more scars" says Tom Symondson CEO ACCPA
By Caroline Egan
When Aged Care and Community Providers Association (ACCPA) CEO and Aged Care Taskforce member Tom Symondson presented at LEADERS SUMMIT 2023 he was new to the role.
$200M Menarock LIFE aged care reportedly looking for investor to grow
By Caroline Egan
Menarock LIFE Aged Care, which is owned by founders Andrew Seamer and Craig Holland, the former Chief Operating Officer at Deloitte Private, is reportedly looking for an investor to grow the business, according to the Australian Financial Review.
Wait times increasing for ACAT assessments, Home Care packages
By Caroline Egan
People are waiting 24% longer to receive an ACAT (Aged Care Assessment Team) assessment from the time of referral this financial year, according to the latest data from the Department of Health and Aged Care.
LEADERS SUMMIT 2024 Video: Dementia care in the community with Group Homes Australia's Executive Director Tamar Krebs
By Caroline Egan
Twelve years ago, Group Homes Australia Founder and Executive Director Tamar Krebs, had been working in dementia care for about 15 years, when she had an epiphany.
Australian Unity Property Trust selling medical centres to invest in aged care
By Caroline Egan
Australian Unity’s $3.6 billion Healthcare Property Trust has put its Greensborough Medical and Dental Centre, 17km northeast of the Melbourne CBD, on the market and will use proceeds from the sale to retire debt and for east coast private hospital and aged care investments.
In a committal hearing last week, St Basil's Home for the Aged in Fawkner, 12km north of the Melbourne CBD, was ordered to stand trail on charges relating to nine Occupational Health and Safety Act offences.
Construction on Victorian Government’s $140M aged care home ‘tops out’
By Caroline Egan
Construction of the public, four-storey, 150-bed aged care home in Cheltenham, 18km southeast of the Melbourne city centre, has reached its highest point, with the facility expected to be completed in 2025.
Department pauses publishing of aged care COVID-19 vaccination rates
By Caroline Egan
The Department of Health and Aged Care has paused reporting of aged care resident vaccination rates in its weekly 'COVID-19 outbreaks in Australian residential aged care homes' report.
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