Peaks say aged care sector ‘unsustainable’

Published 16th January 2020

Aged care provider peak bodies have raised concerns about the sector’s unsustainability in the wake of StewartBrown’s recent report showing a further decline in financial performance.

StewartBrown’s latest Aged Care Financial Performance Survey found 51 per cent of the 984 residential aged care homes surveyed operated at a loss in the quarter ending September 2019 (read our backgrounder here).

The single biggest issue in relation to residential care is the unsustainable financial losses attributed to the provision of care, the report said.

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Source:
Sandy Cheu, 2020, australian ageing agenda (https://www.australianageingagenda.com.au)