The StewartBrown June 2020 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from 1,190 aged care homes and 44,647 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 a PDF copy of the June 2020 Aged Care Sector Report. 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

Aged care has recently been in the spotlight as a result of the Royal Commission into Aged Care Quality and Safety. The COVID-19 pandemic has increased the intensity of that spotlight. The Royal Commission has recently highlighted that the aged care system, particularly in residential aged care, is significantly underfunded and has been for some time. To find out more, click here to view or download a copy of our newsletter.

The StewartBrown March 2020 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from 1,108 aged care homes and 46,938 home care packages across Australia. The Survey, which is performed quarterly, 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 a PDF copy of the March 2020 Aged Care Sector Report. 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.

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.