Published 24th January 2019
The residential aged care sector is continuing to experience ongoing financial challenges, according to the latest data from StewartBrown’s quarterly benchmarking report.
The survey involving 946 residential aged care facilities showed an average facility result, which is combination of care and accommodation results, of $4.37 per bed per day for the quarter ending September 2018.
The result is significantly lower than the same period the previous year, which was $8.86, the Aged Care Financial Performance Survey found.
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Source:Sandy Cheu, 2019, Australian Ageing Agenda (https://www.australianageingagenda.com.au/about/)
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