Policy and provider options to increase EBITDA by circa $3,000 pbpa

Royal Commission Submission Pride Living has made the following submission to the Royal Commission into Aged Care Quality and Safety. We believe that quality and safety are directly linked to viability and sustainability. Increasing viability allows providers to invest in the systems, processes, training and staff to enhance the safety and quality of care provided [...]

150 ways to make CDC profitable.

Consumer choice and dignity Residential aged care in Australia developed from the hospital model – showering, mealtimes, wake and sleep times all to a schedule. This model supports cost containment, which is consistent with a substantially government-funded service.  However, this model is incompatible with the Aged Care Quality Standards that came into force on 1 July 2019. Consumer [...]

Plugging revenue leakage

The Stewart Brown December 2018 survey results were recently released and shows a further deterioration of operating performance by residential providers. For the 12 months to December 2018, average facility EBITDAR prpa was $7,391, a steep decline from $9,830 EBITDAR prpa in December 2016. While much of this decline is due to systematic changes, our [...]

Understanding, Developing, and Implementing Additional Services

Aged care funding is getting tighter, there is increased competition amongst Providers and consumers are demanding greater choice. Providers need to differentiate themselves AND improve their sustainability. Offering additional services may be one of the answers. But what does a good additional services program look like? James discusses his experience implementing additional services with The [...]

ACSA National 2018 – Introducing additional services

With constrained ACFI funding, set daily basic fee and limited provider control on consumer’s choice of payment method for accommodation (RAD v DAP), additional services provide an opportunity to increase revenue and margins and reduce dependence on diminishing Govt revenue sources. With the experience of implementing Pride’s additional service program, the Resident PASS, James presented [...]