New Zealand Aged Residential Care Funding Analysis

Welcome to the Aged Residential Care (ARC) Funding Analysis commissioned by the Aged Care Association of New Zealand (ACA) in partnership with StewartBrown.

If you are a New Zealand aged care operator you can express your interest to participate in the ARC Funding Analysis here.

You can learn more about the ACR Funding analysis by watching this short video.

About StewartBrown

StewartBrown is an independent specialist accounting firm that has been engaged by the ACA to complete the ARC Funding Analysis by working directly with Aged Residential Care Operators.

StewartBrown are leaders in Aged Care Financial Performance Benchmarking for the Australian aged care sector and have more than 30 years' experience delivering critical data analysis and insights that serve to help drive better outcomes for providers and the sector.

With a respected reputation for quality reporting, StewartBrown are trusted by key sector stakeholders including aged care providers, government departmental agencies, peak industry bodies, unions and consumers.

Expert data analysis from StewartBrown has been instrumental in helping shape policy and decision making that has led to major reform for the aged care sector in Australia, including most recently, Federal Government Aged Care Taskforce funding initiatives implemented to improve the sector's financial sustainability.

Sound policy relies on reliable evidence-based data to support the decision-making process.

What is the purpose of the ARC Funding Analysis?

The ARC Funding Analysis has been set up to collect evidence-based data on the costs of providing aged residential care in New Zealand. Once the costs of providing aged residential care are clearly understood, informed decisions can be made on the adequacy of the current and future funding levels for the New Zealand aged care sector. This is important to support the sector in not only being financially sustainable but also investible to attract capital in order to meet the ongoing demands of a rapidly ageing population.

The New Zealand aged residential care system is segmented into four funding streams of care services categorised as rest home care, hospital care, dementia care and psychogeriatric care
The core focus of the ARC Funding Analysis is to assess the adequacy of each funding stream and understand the costs of delivering care services across these four streams of care
The ARC Funding Analysis has been designed based on proven Aged Care Reporting methodology used in the Australian Aged Care sector to analyse the costs and funding under each service category by the core activities required to deliver aged residential care services
StewartBrown will provide aged residential care benchmarking analysis to participants so they can compare their financial performance, revenues and costs against deidentified sector benchmark comparators
You can watch the video here for a demonstration of the benchmarking services StewartBrown provide to the Australian sector as an indication of the type of benchmark reporting participants of the ARC Funding Analysis individually receive

What information is required to participate?

Financial data - this helps us to understand operator funding and costs. This will come from your general ledger, financial and management reporting systems
Payroll data - aged residential care is people focused and staff costs is the largest operational cost for delivering aged care. Analysis of your payroll data is required, including both financial and worked hours data by employee categories across care services and the activities of direct care, everyday living, accommodation and administration. This is important to understand the costs at care level and activity
Occupied bed day data - is required to convert financial and hours data into a resident per bed day benchmark comparator
Resident demographic data - to understand resident age and tenure

Why participate?

The ACA require independent evidence-based data in order to to have a compelling and constructive national funding discussion with Te Whatu Ora and Ministers on the central issue that aged residential care cannot be financially sustainable, let alone investable, unless funding reflects the real cost of care required under the ARRC Agreement.

If you would like to register your interest or have any questions about the StewartBrown Aged Residential Care Funding Analysis, please contact Robert Krebs on ACANZ.fundinganalysis@stewartbrown.com.au or fill out the expression of interest form here.

Frequently Asked Questions

Is there a financial cost to participate in the ARC Funding Analysis?

No, there is no financial cost for New Zealand Aged Residential Aged Care Operators to participate in the funding analysis.

To participate in the ARC funding analysis do you need to be a member of the ACA?

Yes, you do need to be a member of the ACA to partake in the ARC funding analysis. Join the ACA today here.