This week, two important initiatives were announced. First StewartBrown announced it is launching an independent survey of retirement living operators, and the second is the Retirement Living Council is reducing the Code of Conduct fees, determined to engage all village operators.
Both moves are a strong signal that it is time for the sector to mature, to take control of its future, rather than waiting for the next media and regulatory train crash (like the recent ABC 7.30 coverage).
This is a $40 billion sector. With its emerging role in care, it will come under even more scrutiny. Now is the time, out of self-respect as well as self-preservation, to build strong sector foundations.
The accounting firm StewartBrown is the most trusted source of hard data in the aged care sector, due to its 30 years of benchmarking surveys. The federal Department of Health and Aged Care and other departments rely on this data and call StewartBrown in regularly.
Grant Corderoy (pictured at top) and Stuart Hutcheon, Partners at StewartBrown, are constantly in the media as trusted sources.
We cover their Retirement Living Performance Report survey below. The cost is just ~$500 per village. It is not a money maker for StewartBrown, it is a service and all operators should jump in now.
The Code of Conduct is another unique service, created by the Retirement Living Council and supported by ACCPA. It has a dedicated Code Administrator, Deborah MacDonald, and Independent Chair, Dr. Elizabeth Lanyon. Its committee includes presidents of state resident associations.
The new fee is just $150 per village plus $1.50 per ILU. Nothing, yet the direct and indirect benefits are many – check out the website and video HERE.
The time is now. Please consider joining both. They will be the best investment you and the sector can make for good business, your residents and your staff.
