2014 Aged Care Approvals Round opened
May 28, 2014 | Assessment and Optimisation
The 2014 Aged Care Approvals Round (ACAR) opened on May 24, providing a good option for providers seeking to build residential places.
Assessment and Optimisation
Cash payments for older workers
May 27, 2014 | Aged Care Finance
The coming financial benefits for hiring older Australians will make the prospect attractive for aged care facilities.
Expanded My Aged Care site on the way
The My Aged care portal website is set to change over the next two years, following trials on the east coast.
How does your facility stack up against competitors?
Understanding your standing in the market is important to remain competitive – especially in a growing industry.
Understanding the priority financial terms
May 20, 2014 | Assessment and Optimisation
The key financial terms need to be understood for businesses, including current assets, amortisation and benchmarking.
How to calculate EBITDA
May 13, 2014 | Assessment and Optimisation
EBITDA is a useful metric to evaluate business profitability, but should not be used to estimate cash flow due to the potentially negative financial impacts.
The importance of business budgeting
Well-prepared budgeting needs to become a primary business consideration, especially given the need to track finances.
What is a financial run rate?
May 7, 2014 | Assessment and Optimisation
Run rates should become a consideration for aged care providers, especially thanks to the benefits gained through use of the financial system.
The importance of establishing clear facility goals
April 25, 2014 | Assessment and Optimisation
Goals will need to be put in place in the aged care sector over the next few years as resident numbers continue to climb.
Organising for the ACFI
April 24, 2014 | Assessment and Optimisation
Using tools and resources from Mirus Australia, such as the ACFI calculator and education processes, providers can see far easier operations.