Factors of financial sustainability in Aged Care  

December 17, 2024 | AN-ACC

Simon Lee is Mirus Australia’s newest Business Development Manager and the former Commercial Sales Lead at Uniting NSW & ACT. In this article, Simon shares his insights on financial sustainability, drawing from his personal experience in funding, operations, and compliance to achieve long-term success.

From HELF to pricing caps: Planning insights for Aged Care providers 

December 13, 2024 | Aged Care Management

With the new Aged Care Act, updated accommodation pricing caps, and the introduction of Higher Everyday Living Fees (HELF) in 2025, proactive and adaptable planning is needed to navigate uncertainty and seize opportunities. In this blog, we share practical strategies to prepare for these changes, including scenario planning, capability building, and fostering adaptability within teams.

Single Assessment System

The Single Assessment System is here

December 12, 2024 | Aged Care Reform

With the introduction of the Single Assessment System (SAS) from 9 December 2024, the days of navigating multiple assessment processes, facing inconsistent eligibility criteria, and juggling fragmented referral pathways will soon be behind us. For residential aged care and home care providers, this shift signals an important opportunity to get ahead of the curve—starting now.

Understanding AI Agentics in Aged Care

November 15, 2024 | AI

Amid the pressures of the current aged care environment, many aged care providers are asking a critical question: How can we achieve more with less and still enhance the quality of care? AI Agentics, an advanced digital technology solution, offers a promising answer.

What we know about Support at Home so far

November 15, 2024 | Aged Care Reform

As aged care reforms evolve, staying informed about changes to programs like Support at Home can feel overwhelming, especially amid the demands of daily operations. To support your journey, we’ve compiled a list of essential resources, articles, and insights to keep the aged care sector up-to-date on the Support at Home program.

revenue leakage

Understanding and reducing revenue leakage in aged care

November 15, 2024 | Aged Care Finance

Revenue leakage is a silent but substantial challenge affecting many industries, and Australian aged care is no exception. Revenue leakage is the loss of revenue due to inefficiencies, errors, or missed opportunities, and it can undermine financial sustainability and jeopardise an aged care provider’s ability to deliver optimal care.

How to prepare for RAD pricing changes 

November 15, 2024 | Aged Care Management

From January 1, 2025, the maximum chargeable Refundable Accommodation Deposit (RAD) without prior approval from the Independent Hospital and Aged Care Pricing Authority (IHACPA) will increase to $750,000—and for the first time, this cap will be indexed 1 July each year. Here’s what this change means for providers.