With an estimated $50 billion in capital required to build and refurbish new aged care beds to meet the forecasts in its latest Intergenerational Report, the funding model needs to fundamentally shift – and fast, say CEOs.

Aged care providers are looking at completely changing their model of care because they cannot make an adequate return on the provision of residential care and to meet the growing demand for care at home.

In Victoria, Not For Profit VMCH is looking to a new model of seniors' hous