Grant Corderoy, one of our senior partners, answered a few questions for a SBS journalist recently which was featured in one of their Aged Care articles. Click here to view the SBS article.

The StewartBrown December 2019 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from 1,125 aged care homes and 36,529 home care packages across Australia. The quarterly survey is the largest benchmark in the aged care sector and provides invaluable insight into the trends and drivers of financial performance at the sector level and at the aged care home or programme level. Click here to download the December 2019 survey Sector Report which includes a summary of the analysis completed on the organisational, residential care and home care data supplied by our participants, thank you to all the participants that supplied data for this survey. If you have any queries regarding this report or on any of our audit and assurance or consulting services, please do not hesitate to contact our office on (02) 9412 3033 or call 0429 680 785.

The Aged Care Financial Performance Survey – December 2019 six months summary results can be downloaded here. We will be providing this style of summary results each quarter for ease of review to the wider stakeholder and general audience. The detailed sector report will still be prepared and distributed as previously, and posted on our web as this sector report includes more specific commentary and analysis. The sector report and participant reports will be distributed on Monday 23 March 2020. EDIT: The sector report has now been released and can be accessed by clicking here.

The September 2019 quarter StewartBrown Aged Care Financial Performance Survey highlights that the financial sustainability of the residential aged care sector continues to deteriorate in all geographic regions, Aged Careand unless additional specific targeted funding is implemented it may lead to closure of residential aged care homes and will risk further necessary investment into the sector. Following the release of our September survey results we received numerous requests for further information regarding the results of the rural and remote areas, hence we have collated this report that specifically analyses the aged care homes located in the Outer Regional, Rural and Remote geographic locations. If you have any queries regarding this report or on any of our audit and assurance or consulting services, please do not hesitate to contact us. Click here to download a copy of the report.

The StewartBrown September 2019 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from over 1,043 residential aged care homes and over 34,702 home care packages across Australia. The StewartBrown quarterly survey is the largest benchmark survey within the aged care sector and provides invaluable insight into the trends and drivers of financial performance at the sector level and at the aged care home or home care package level. To view the whole report click here.

The StewartBrown FY19 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from over 1,102 aged care homes and over 34,999 home care packages across Australia. The quarterly survey is the largest benchmark in the aged care sector and provides invaluable insight into the trends and drivers of financial performance at the sector level and at the aged care home or programme level.

The listed aged care providers Estia, Regis and Japara have recently released their full year results to 30 June 2019. StewartBrown has reviewed the Listed Providers Financial Reports and Investor Presentations and a summary of this analysis can be found in the attached report. This listed aged care providers financial performance update focuses solely on the three listed providers in order to provide a timely snapshot and commentary on their results. The results and analysis for those providers in the StewartBrown Aged Care Financial Performance Survey will be made available during October. To view the whole report click here.

Survey Report out now CorporateAdminSurvey StewartBrown’s Corporate Administration Costs in the Aged Care Sector Survey finds: Corporate administration costs continue to increase at a rate greater than the increase in revenue There has been a particular increase in corporate administration staff costs Organisations are on average spending 16.87% of their operating revenues on administration Read the whole report. The report has a lot of detailed analysis of administration costs in the aged care sector, and studies the different business characteristics that effect these costs in isolation. In particular we look at: locations net assets revenue type employee productivity system use Royal Commission-related spending We must especially thank all those who took part with their data and insights this winter. So much was happening in the sector at the same time: the Royal Commission, the July reforms, and the reporting period for many organisations. We had a response from aged care providers covering 492 residential care facilities with 39,085 operational places, 18,857 home care clients and 22,207 occupied independent living units.

More speakers have joined our programme at the StewartBrown 2019 Aged Care Finance Forums: Professor Mike Woods of the University of Technology, Sydney; Rachel Lane, author and aged care consultant head of Aged Care Gurus; Mike Callaghan, Chair of the Aged Care Financing Authority; and Fiona Somerville, Director of The Ideal Consultancy, will be joining us and presenting their perspectives on the Aged Care sector. Leaving no capital city out, StewartBrown is holding a forum in each of Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart and Launceston. Speakers will vary slightly from venue to venue, so we will be updating booked attendees by email - and in this space - with complete lists of speakers in each city.

Our roadshow is taking an all-day forum around Australia, starting 15 October in Sydney then all the state capitals, and finishing in Launceston on 13 November. Share Knowledge and Insights From Across the Whole Sector The Aged Care Finance Forum is designed to inform the aged care sector. It explores the policy, operational and financial changes in the sector in 2019 and beyond, helping operators survive and prosper in an uncertain but exciting environment. The Forum is the opportunity for aged care providers and finance and operational staff across the sector to discuss challenges and share knowledge and insights. Guide to the 2019 financial changes and beyond Financial models in aged care are changing, with a much stronger emphasis on individualised funding in both the home care and the residential care segments. In home care, the model has changed from 1 July 2019 to accommodate the pricing transparency regime, and there are potential changes in the subsidy arrangements. The ACAR Impact Analysis has implications for residential care, and the forum includes a thorough update. Guest presenters from DOH, ACFA, COTA and more This is the sector’s opportunity for an in-depth analysis of these changes, setting out the practical solutions for your business. Additional presenters will include representatives from the Department of Health, ACFA, COTA, and operational experts on legal aspects, residential and home care, and quality standards. Practical business solutions – best-value seminar in 2019 Conducted by professionals who work closely with all stakeholders in the sector, the Aged Care Finance Forum is perhaps the most beneficial seminar you could attend this year. All attendees will receive their own USB containing all the presentations and other useful resources. The full agenda will be available soon. Sydney: Tuesday 15 October at Cliftons, Level 13, 60 Margaret Street, Sydney Melbourne: Wednesday 16 October at Cliftons, Level 1, 440 Collins Street, Melbourne Brisbane: Thursday 17 October at Cliftons, Level 3, 288 Edward Street, Brisbane Perth: Tuesday 22 October at Cliftons, Ground Floor, Parmelia House, 191 Street, Georges Terrace, Perth Adelaide: Wednesday 23 October at Stamford Plaza, 150 North Terrace, Adelaide Hobart: Tuesday 12 November at the Salamanca Inn, 10 Gladstone Street, Hobart Launceston: Wednesday 13 November at The Sebel, 12-14 St John Street, Launceston If you are unable to attend in any of these cities please e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. to register an interest in a webinar. We will then also accommodate you if possible at one of our regional live events. Registration opens at 8.00 am, for an 8.30 am start. Full-day registration includes morning tea, lunch and afternoon tea. Tea and coffee are available throughout. Grant speaking Pricing - StewartBrown survey participants The full-day registration is $500.00 - all prices exclude GST and fees. Survey participants are entitled to a price reduction. Check your email for the discount code too. Pricing - Non survey participants The full-day registration is $700.00 - all prices exclude GST and fees. Everyone is welcome, but seats are limited so register early.

This Sector Report is for the period ending March 2019 of the largest benchmark survey of Australia’s aged care sector – the StewartBrown Aged Care Financial Performance Survey. This quarterly survey takes in financial and supporting data from over 1,011 residential care homes, and over 26,386 home care packages (498 home care programs) nationally. The survey offers insights into the trends and drivers of financial performance at the sector level and at the individual residential and home care levels. Click here to download the ACFPS Sector Financial Performance Report for March 2019.

The StewartBrown December 2018 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from over 965 residential care facilities and over 27,164 home care packages (503 home care programs) across Australia. The quarterly survey is the largest 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. Click here to download the ACFPS Sector Financial Performance Report for December 2018.