Government policy
The sector speaks to The SOURCE video: Byron Cannon, CEO of LDK Seniors' Living
Sep 26 2024
1 min read
Caroline Egan

In a video interview, Byron Cannon, LDK Seniors' Living CEO, talks to The SOURCE Editor Lauren Broomham about what the Australian Government's aged care reforms and the response to the Aged Care Taskforce will mean for private aged care.

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Funding

DoHAC responds to claims of shortfall in Hotelling Supplement

This week, we reported that StewartBrown’s analysis of the Federal Government’s aged care reforms showed the Hotelling Supplement may require an additional $7 per bed per day to “fully meet” the actual cost of delivering hotelling services.

Caroline Egan
26 Sep 2024
Funding

Fed Govt pledges $900M for aged care services in thin markets

Aged Care Minister Anika Wells has announced a $900 million support package for aged care providers operating in thin markets, as part of the Federal Government’s $5.6 billion aged care reforms announced on 12 September. The Government will invest...

Caroline Egan
26 Sep 2024
Funding

Optimism 2.0: only three years until billions in new cash flows into aged care

Analysis of the Australian Government’s aged care reforms has forecast the residential aged care sector can expect at least $2-plus billion a year in additional funding in three years’ time. Will it be enough to incentivise new beds? As we...

Lauren Broomham
26 Sep 2024
Aged Care

80% of residential aged care providers making a profit, according to Fed Govt

The percentage of residential care providers reporting a positive EBITDA result increased to 80.2% as of 31 March 2024, up 11.7 percentage points from 31 March 2023 YTD, according to the Department of Health and Aged Care’s latest Quarterly Financial Snapshot (QFS) - Quarter 3 2023-24.

Caroline Egan
26 Sep 2024