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Funding targets facilities at risk of failure

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The Federal Government has announced a $50 million initiative to support residential aged care services in financial trouble to improve or cease operations.

Minister for Aged Care and Senior Australians Richard Colbeck announced the Business Improvement Fund (BIF) on Friday to support residential aged care providers at risk of service failure through short-term grants.

Mr Colbeck said the targeted support would help each eligible residential aged care provider manage costs without compromising the care of residents.
 
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Source:
Sandy Cheu, 2020, australian ageing agenda (https://www.australianageingagenda.com.au)

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