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.

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 

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.