StewartBrown was invited to make a submission to the Aged Care Workforce Strategy Taskforce by the Chairman, Professor John Pollaers. The Submission includes: a summary of benchmarking survey results, commentary on the industry and an organisational analysis.
March 2018 Aged Care Sector Reports Released
The StewartBrown March 2018 Aged Care Financial Performance Survey (ACFPS) incorporates detailed financial and supporting data from over 911 residential aged care facilities and over 21,700 home care packages (412 home care programs) across Australia. The quarterly survey is the largest benchmark within the aged care sector and provides an invaluable insight into the trends and drivers of financial performance at the sector level and at the facility or program level.
StewartBrown Submission to Senate Inquiry into Financial and Tax Practices of For-Profit aged care Providers
On 10 May 2018 the Australian Senate referred an Inquiry titled “the financial and tax practices of for‐profit aged care providers” to the Economics References Committee, with a report due by 14 August 2018. In particular, the Inquiry is to cover:
- the use of any tax avoidance or aggressive tax minimisation strategies;
- the associated impacts on the quality of service delivery, the sustainability of the sector, or value for money for government;
- the adequacy of accountability and probity mechanisms for the expenditure of taxpayer money;
- whether current practices meet public expectations; and
- any other related matters.
December 2017 Aged Care Benchmark Sector Reports Released
The StewartBrown December 2017 Aged Care Financial Performance Survey (ACFPS) incorporates detailed financial and supporting data from over 915 residential aged care facilities and over 21,400 home care packages (401 home care programs) across Australia. The quarterly survey is the largest financial benchmark within the aged care sector and provides invaluable insight into the trends and drivers of financial performance at the sector level and at the facility or program level.
Listed Providers Analysis Report - December 2017
The listed aged care providers Estia, Regis and Japara have recently released their results for the six months to 31 December 2017. StewartBrown has reviewed the Listed Providers Financial Reports and Investor Presentations and a summary of this analysis can be found in the Listed Providers Analysis Report (December 2017).
