The Refundable Accommodation Deposit (RAD) and Daily Accommodation Payment (DAP) aren’t just mechanisms to recoup the cost of accommodation; they’re strategic financial levers that underpin your organisation’s sustainability and prosperity. Appropriately structured and promoted RAD and DAP fees have the potential to optimise capital and income, mitigate risk, and enhance market standing. In this Insight, [...]
Every operator knows that sustainable financial performance starts with maximising income from residents and to do this you need high occupancy 92%+, yet average occupancy is declining. This suggests there is a significant opportunity for providers to implement strategies that are proven to deliver occupancy which will translate into more revenue and improved sustainability. In [...]
In our last Insight, we discussed AN-ACC Initial Assessments and Reassessments. The evidence is clear that providers need to focus on reassessing their residents, however, the process does not end there. The final step in managing your AN-ACC assessments is AN-ACC reconsideration requests. JC Yap Principal CONTACT JC Reconsiderations What are they? Key drivers [...]
In our last AN-ACC Insight, we highlighted the difference in financial outcomes between strong and weak AN-ACC reassessment processes and the need for providers to continually review the AN-ACC classifications of their residents to ensure they obtain the funding they are entitled to. With the benefit of more AN-ACC reassessment data published by the Department, [...]
Optimising AN-ACC capabilities within the broader scope of industry reform There are three components to AN-ACC: 1. The fixed component, 2. the variable component, and 3. the one-off adjustment payment The variable component is based on a reference starting price which has been set at $216.80. This price corresponds with the value of 1 NWAU [...]
