Funding

ONLY in SATURDAY: Residential care operators earning up to $100 per resident a day on additional services

Nov 16 2023 Updated November 16, 2023

Lauren Broomham

1 min read

With aged care homes losing an average of $5,500 per resident per year, many are missing out on a valuable way to bridge the gap: additional services.

The latest StewartBrown survey for the June quarter shows that residential aged care providers are recording an average loss of $6.62 on everyday living.

Under the current legislative framework, the only area where providers can charge more is in additional services – and some operators are charging up to $100 a day.

Read the full story in the latest issue of SATURDAY – subscribe here.

Estia Health buys seven homes from David Di Pilla’s Aurrum Aged Care

The two businesses have announced Bain Capital-owned Estia Health will buy Aurrum Aged Care’s three homes on the NSW Central Coast in Erina, Norah Head, and Wyoming and the four homes in Melbourne - Brunswick, Healesville, Plenty, and Reservoir -...

Click here

Ian Horswill

10 Jan 2025

Government Policy

11 aged care providers ‘named and shamed’ by the regulator for failing care minute targets

The Aged Care Quality and Safety Commission has named 27 residential aged care homes and eleven providers who have been hit with ‘enforceable undertakings’ for failing to meet their care minute targets. Nine of the 27 homes listed are operated by Tricare.

Click here

Caroline Egan

16 Jan 2025

Government Policy

Inspector-General restates disappointment in continued rationing of aged care: Ian Yates AM’s parting statement

In signing off on his time as Acting Inspector-General of Aged Care, Ian Yates AM has provided a statement to The Weekly SOURCE drawing attention to the Government’s “severe” under-resourcing of the office.

Click here

Caroline Egan

13 Jan 2025

News & Headlines

Adrian Puljich has approval for Australia’s first vertical land lease lifestyle resort

GemLife Director and CEO Adrian Puljich speaks about Australia’s first vertical land lease community. GemLife Currumbin Waters, and how he intends taking the model acorss Australia.

Click here

Ian Horswill

14 Jan 2025

Is aged care ‘fixed’? The PM says yes – the numbers say no. We need 4%

New year, same old problem: where will the country find the capital to incentivise development of new beds – before the next wave of Baby Boomers hits? As we report in this issue, the latest StewartBrown Aged Care Performance Survey Analysis...

Click here

Lauren Broomham

23 Jan 2025

Aged Care

Aged care operator Superior Care to refuse new residents with specialised dementia needs

The family-owned operator, which operates aged care homes in Brisbane and the Gold Coast, has revealed it will no longer accept residents living with dementia who have special care needs.

Click here

Aged Care Quality and Safety Commissioner Janet Anderson replaced by Liz Hefren-Webb

On 20 January 2025, Janet Anderson PSM, former Aged Care Quality and Safety Commissioner passed the baton to the new cop on the beat, former deputy secretary of social policy with the Department of Prime Minister and Cabinet, Liz Hefren-Webb.

Click here

Why residential aged care operators’ profits will rise: StewartBrown

In the July to September 2024 quarter, residential aged care providers were preparing their rosters for higher care minute targets, due to take effect on 1 October. However, with Government funding for the higher staff bill not kicking in until the targets took effect, providers’ earnings took a hit, according to StewartBrown’s Aged Care Financial Performance Survey Report for the period.

Click here

Caroline Egan

23 Jan 2025