Aged Care

Only in SATURDAY: Andrew Thorburn’s mission for HammondCare

Feb 27 2025 Updated February 27, 2025

Caroline Egan

1 min read

Few operators want to tackle the complex end of aged care - but the HammondCare CEO has a plan to meet the growing demand for dementia and palliative care services.

How does he plan to get there? To find out, read Issue 93 of SATURDAY magazine, available tomorrow. Subscribe here.

The $4B problem: Govt’s proposed liquidity requirements a nail in the coffin for aged care

The Federal Government is seeking to set minimum liquidity requirements for residential aged care providers for the first time – dangerous territory for a sector that has finally reached a level of financial and regulatory certainty. Previously...

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Lauren Broomham

20 Feb 2025

Government Policy

New minimum liquidity ratios for aged care revealed

The new Aged Care Quality and Safety Commissioner, Liz Hefren-Webb, hosted a webinar on Tuesday outlining the New Financial and Prudential Standards, which remain open for consultation but due to take effect from 1 July 2025.

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Caroline Egan

20 Feb 2025

Opinion

Is this the canary in the coal mine for retirement village operators? The future when care crosses independent living

On 18 February, the Aged Care Quality and Safety Commission quietly released an ‘Exposure Draft’ for the Aged Care Financial and Prudential Standards 2025. In it the Federal Government crossed the line into retirement villages. See the wording...

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Chris Baynes

11 hours ago

Government Policy

Always read the fine print: retirement village payments captured under new aged care liquidity ratios

A closer look at the legislation underpinning the Federal Government’s proposed minimum liquidity standards has revealed that aged care providers who also operate independent living units (ILUs) and retirement villages will have to retain 10% of ILU and retirement village refundable amounts under the changes.

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Caroline Egan

27 Feb 2025

Residential aged care operators earnings down 21%: government’s own figures

The shift in the timing of AN-ACC price increases from 1 July to 1 October in 2024 cut into residential aged care profits in the first quarter of 2024-25, as had been predicted, according to the Q1 2024-25 Quarterly Financial Snapshot (QFS).

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Caroline Egan

10 hours ago

Opinion

Is this the canary in the coal mine for retirement village operators? The future when care crosses independent living

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Chris Baynes

11 hours ago

Government Policy

Government announces AN-ACC increase for nurses pay rise the day before the change took effect

IHACPA provided their updated advice to the Government on 19 February, but it took nearly 10 days for the Government to provide the updated AN-ACC figures - leaving operators in the dark.

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Provider feedback on liquidity ratios “robust”: Aged Care Quality Commissioner Liz Hefren-Webb

The Aged Care Quality Commission has already received feedback from a broad range of aged care providers about the proposed liquidity ratios, which were revealed last week and are open to consultation until 7 March.

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Caroline Egan

28 Feb 2025