With the recent rise in awareness of financial abuse of elderly individuals and the misconduct of executors of deceased estates, it is imperative to validate any suspected wrongdoing in order to pursue legal proceedings.
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The aged care overhaul is here, with major reforms shaping the future of care for older Australians. From funding shifts to enhanced home care options, these changes will require careful planning from businesses in the sector. Find out how the $5.6b investment into the quality, viability, and accessibility of aged care services and related reforms will affect providers and why strategic planning is crucial for the year ahead.
Healthcare in Australia grabbles with persistent challenges in balancing patient care with cost efficiency, a struggle expected to endure for the coming decades. Various population segments face significant impacts from these challenges. Tailored interventions and support systems are essential to mitigate disparities and enhance overall well-being.
The Health and Aged Care industry faces continued uncertainty, but following the Federal Budget announcements on 14 May, improvements are expected.
Ten years after the implementation of the Living Longer. Living Better Reforms, the aged care sector braces for more change. With the Federal Budget on the horizon, it will be interesting to see what considerations are given to a sector that faces continued uncertainty.
The future of healthcare in Australia is marked by significant growth and transformation, driven by factors such as an aging population, technological advancements, and rising costs. While policy will inform the future direction of the sector, there are many things industry stakeholders can do now to improve their performance and ensure a sustainable future.
The Aged Care Taskforce (ACTF) has released its final report. Its clear focus is on improving sustainability and ensuring fairness. The final report described twelve funding principles which fall into the categories of supporting older people as they age, equitable and sustainable funding, quality innovation, and transparency.
The Aged Care Taskforce (ACTF) is evaluating aged care funding mechanisms. In response to this review, Grant Thornton, in collaboration with banks, Private Equity firms and a small group of providers, prepared this report for the ACTF to describe the aged care sector in terms of its capital needs and suggests ways to make it an attractive investment sector compared to other industries.
As an operator of a retirement village, you may be missing out on significant GST refunds.
Conversations with aged care providers at the close of 2022 identified four key themes that will take a front seat in Australia’s aged care sector in 2023 – the fundamentals of the sector (funding, regulation, governance), labour shortage and recruitment strategies, technology, and housing and aged care communities
In July last year, the Appeals Panel of the New South Wales Civil & Administrative Tribunal (“the Panel”) decided against the taxpayer in the Thomas & Naaz appeal.
Outrages around quality care shortfalls, COVID-19 outbreaks in residential aged care facilities, coupled with the recent Royal Commission into Aged Care Quality and Safety, have unfortunately painted a bad picture of the Australian aged care sector. This has affected the number of workers in the field and resulted in poor uptake of nursing degrees. That’s why many providers are relying on the approaching Federal Budget for investment to drive better outcomes in aged care by supporting its predominant capital – the workforce.