Financial Modelling for Aged Care Taskforce Recommendations Report

The Aged Care Taskforce has completed its comprehensive review, and the final report by the Taskforce was published on the 11 March 2024. The Taskforce report includes findings, insights, and proposed strategies to address some of the complex issues facing the aged care sector particularly in respect to its financial sustainability.

Stewart Brown has undertaken financial modelling to understand the impact to sector and consumers of adoption of some of the key recommendations of the Taskforce. 

In this interactive session we will explore:

•  Key recommendation of the Aged Care Taskforce
•  Current financial performance in Residential Aged Care and aggregate financial effect on Residential Aged Care viability
•  Comparison of consumer contributions for aged Care
•  Residential Aged Care modelling and financial impact on recommendations
•  Cost of increased consumer contributions for residents
•  Current financial performance In-Home Care
•  Home Care modelling
•  StewartBrown Commentary and discussions with participants

About StewartBrown 

The StewartBrown Aged Care Financial Performance Survey (ACFPS) incorporates detailed financial and supporting data from over 1,100 residential Aged Care Homes and over 500 Home Care programmes across Australia. The quarterly survey is the largest benchmark within the aged care sector and gives invaluable insights into the trends and drivers of financial performance at the sector level, and at the individual home or programme level.