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Provider CEO survey highlights impact of financial pressures

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Four in five providers are struggling to deliver the care clients expect and many say they will have to reduce services, staff and investment if financial conditions worsen, according to a survey of aged care CEOs.

Almost a third of providers have been approached to take over another service or its clients in the last year, Leading Age Services Australia said its financial risk survey of 170 provider CEOs found.

Aged care peak LASA surveyed aged care CEOs in July 2019 about their organisation’s financial performance. It found 80 per cent od CEOs are unable to deliver the care clients expected due to funding constraints.

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Source:
Natasha Egan, 2019, Australian Ageing Agenda (https://www.australianageingagenda.com.au)

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