Opinion 2024 aged care report card: pass for residential care, home care a failure The final report card for the aged care sector looks very different depending on what services you deliver. Click here Lauren Broomham 18 Dec 2024
Opinion Will 2025 be the year the village sector realises it is no longer independent living? Victoria has just released its new retirement village regulations, including for the first time acknowledgement of home care as a village service – operators beware. Click here Chris Baynes 16 Dec 2024
Government Policy RLC facts win the day in ABC 7.30 driven Council of Australian Governments’ (COAG) review of retirement villages Last Wednesday (10 December), the meeting of COAG was swayed that the States should stay responsible for retirement villages and new Federal regulations were not required. Click here Chris Baynes 16 Dec 2024
Opinion Is scale necessary for success in residential aged care? The latest data says yes The new ‘Australia’s Aged Care Sector: Full-Year Report 2023-24’ has confirmed what many in the sector already knew: big operators are getting bigger – and more efficient. The new 134-page report from the UTS Ageing Research Collaborative... Click here Lauren Broomham 12 Dec 2024
Opinion Older, cashed up and ambitious It looks like the leaders of the retirement village sector of the Noughties are reforming the band, with the formal return of Peter Inge (pictured in 2006) back in the village sector as a serious portfolio builder. Pre the GFC only the private... Click here Chris Baynes 10 Dec 2024
Opinion With home care now firmly a logistics business, how many operators will seek to exit? Home care providers are facing two incoming freight trains speeding towards them in 2025. You must ask the question: how many will still be in business in 12 months’ time? The first train: Earlier this week, aged care accountants StewartBrown... Click here Lauren Broomham 05 Dec 2024
Opinion Regulators and village staff have a message for Operators: ‘Training – it’s important’ In NSW, on the accepted recommendations of the Greiner Inquiry, village staff training was enshrined as a cornerstone requirement in the new (2019) Rules of Conduct. But operators are ignoring it. Our research says just 30% of villages (and... Click here Chris Baynes 02 Dec 2024
Opinion Wheel of fortune: who wants a 40-year-old aged care facility? If you needed proof that the aged care bed drought is real, look no further than the latest Operation of the Aged Care Act 2023-24 which came out on Tuesday (26 November). Page 112 of the 144-page report reveals that the estimated value of building... Click here Lauren Broomham 28 Nov 2024
Opinion The legislation that will change the retirement village sector forever The new Aged Care Act was passed in Parliament yesterday and with it Anika Wells announced 83,000 additional Home Care packages. These actions will cement care into retirement villages. Independent living will gradually disappear as a value... Click here Chris Baynes 26 Nov 2024
Chris Baynes New Aged Care Act – and Plan B co-contribution funding – was achieved just three years to the day from when the sector was called to mobilise In November 2021, the editorial team here at DCM/The SOURCE sat down and discussed what is the future for aged care. To be blunt, there was no optimism in the sector as operators racked up month after month of financial losses. Click here Chris Baynes 22 Nov 2024
Opinion Five big unanswered questions from the new Aged Care Bill The aged care sector is (again) on the brink of historic change with the Aged Care Bill 2024 looking set to pass Parliament within the next few days – but question marks remain over several of the reforms contained within the new Act. The Bill is... Click here Lauren Broomham 21 Nov 2024
Opinion These sector CEOs provide a masterclass in professional development and generosity It was fascinating last week to learn the extent leaders in our sector have invested in their own education. We were in Adelaide and then Perth at the DCM Institute VILLAGE SUMMITS. In each city two leaders gave their time to share their definition... Click here Chris Baynes 18 Nov 2024
Opinion Why grow or go will be the mantra for aged care operators in 2025 If your organisation is looking to exit the sector, there has never been a better time to sell – why? With the new Aged Care Act tantalisingly close to being passed by Parliament and many operators reporting positive financial results for the... Click here Lauren Broomham 14 Nov 2024
