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.
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.
In aged care, precision and efficiency in handling information aren’t optional; they are vital. Spreadsheets might feel like a reliable and familiar tool, but they come with limitations. Here, we share why aged care facilities should consider a purpose-built platform like our Mirus Metrics platform for managing AN-ACC processes and much more.
At the recent Aged Care Workforce Leaders conference in Sydney on September 11 and 12, we facilitated breakout sessions with senior aged care leaders who tackled some of the most pressing issues in workforce management in aged care sectors. With staff shortages, unplanned leave, and cultural challenges at the forefront, the workshop sessions fostered dynamic conversations around innovation and strategy. In this blog, we share some of those insights.
Capital Grants funding is currently available. In this blog we share three key tips based on our experience in writing a successful 3 tips for writing a successful Capital Funding Grant application.
A case study for success in crafting competitive applications and navigating the intricate grant application process successfully.
Strengthened quality standards have undergone extensive public consultation. Here are five key considerations for aged care providers
Under the new Regulatory model, risk-based monitoring will rely on data and regulatory insights to identify potential risks or issues.
With the new Regulatory Model expected to come into practice, providers should consider what resources, systems, data visibility, and risk planning they should undertake now to mitigate risks by 1 July 2024.
Data breaches and cybersecurity have risen to the top of CEOs’ concerns in 2024, as revealed by a KPMG report ‘Keeping us up at night’.