The Productivity Commission report has generally been met with a positive response. Given the long list of previous aged care reviews that have failed to effect reform, some are understandably cynical about the likelihood of meaningful change.
However, this review comes at a critical time for the country. As the population ages, investment in modern infrastructure is at its lowest levels and consumers are becoming strong advocates for change.
In our view, the key initiatives proposed by the Productivity Commission are not radical or ambitious – they are inevitable if we are to meet the needs of the largest generation of consumers in our history.
The future of aged care will be shaped by the expectations of these consumers and now is a good time to start thinking about what built environments and service options they will want.
Grant Thornton is working with aged care providers around the country to plan for the changes ahead.