Understanding the impact of RAD increases on accommodation pricing
With sector wide increases in occupancy giving less pressure on pricing, this presents a long-awaited opportunity to increase non-care revenue.
With sector wide increases in occupancy giving less pressure on pricing, this presents a long-awaited opportunity to increase non-care revenue.
Learn how accurate room pricing in aged care impacts consumers, compliance, and market positioning. Get insights to enhance transparency and competitive edge.
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.
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