The final Taskforce report recommends additional service fees be embedded into the basic daily fee for both supported and non-supported residents. All the signals over the past few years have been that the Government-funded elements of the Aged Care system would provide a safety net and that co-payments by consumers would support consumer choice. In [...]
Pride Living is pleased to present our initial insights into non-compliant and sanctioned facilities for home care, building on the Commission’s quarterly sector performance data. We have significantly increased our capability in home care to be able to provide the same quality advice we deliver in residential care. While ACQSC sector reports provide a comprehensive [...]
A year has passed since the Australian National Aged Care Classification system (AN-ACC) took over from ACFI, so we thought you might like to read a few case studies as you reflect on how your organisation has handled the transition. The approach of our AN-ACC Optimiser Services is to build internal capacity and capability within [...]
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, [...]
As aged care providers strive for excellence in care, the importance of good clinical governance cannot be overstated. Good clinical governance starts by separating the functions of doing and reviewing. Consistent and ongoing oversight/review from an impartial third party ensures issues are addressed promptly while mitigating the risk of unresolved gaps. Good governance prepares key [...]
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, [...]
We’re changing our 5th analysis into non-compliant and sanctioned facilities to focus more on trend data than current activity. This shift in focus seeks to provide our readers with more valuable insights. Our insights are based on our observations from publicly available data. The one key piece of data we cannot get from the Commission’s [...]
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 [...]