Aged care providers – discover how to maximise your income amid industry changes

Just like businesses operating in any other industry, aged care providers aim to be successful profitable and sustainable, while taking specialist care of the nation’s senior citizens.

The Aged Care Association of Australia (ACAA) and Guild Accountants share a passion for helping providers remain viable and in so doing deliver outstanding services, to residents.

With their expert understanding of the growing complexities of the aged care sector, ACAA and Guild Accountants have teamed up to develop an easy-to-understand guide about the aged care financial system.

‘Residential Aged Care – Cash Streams & Viability Management’ brings together all the important information you need to know about:

Provider entitlements

Sources of capital funding

Shifts in funding

Issues and opportunities

By reading this guide, aged care facility board members will better understand the relationship between income regulations and financial outcomes. Just as importantly, board members will be equipped with the right questions to ask their management team to drive improvements.

Facility managers, especially those from clinical care backgrounds, will benefit by learning about income drivers and the revenue streams available to them, allowing them to review and modify their team’s focus.

And for those new to the industry, ‘Residential Aged Care – Cash Streams & Viability Management’, will shed light on the opportunities available and challenges likely to be faced, when generating income in the aged care industry.

For example, just one of the insights you will gain is, “Continued viability of a facility requires matching the service model of a facility to the cash streams available to that model. Simply put, you cannot provide a Rolls Royce service for a Holden price.”

To download your copy of the Residential Aged Care – Cash Streams & Viability Management go to www.guildgroup.com.au/Cashstream