One third of aged care providers struggle to break even

Aged care struggle

The release of analysis into the financial sustainability of aged care providers points to the need for aged care to play a key role in the 2013 federal election, according to Catholic Health Australia.

An Aged Care Financing Authority (ACFA) report released yesterday found 30 per cent of aged care providers failed to break even in the last year, which CHA chief Martin Laverty said underscored the need for a continuing focus on aged care reform.

'The passage of aged care legislation through the Parliament last month must not end aged care reform,' Mr Laverty said. 'If 30 per cent of providers did not turn a profit last year, that means 30 per cent of providers are constrained in being able to improve care standards, and constrained in being able to expand services to meet growing demand.

'With the Government’s Workforce Supplement in operation, it also means many providers will be constrained in being able to meet the out-of-pocket cost conditions tied to increases in staff wages.'


One third of aged care providers not breaking even

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