- Posted on 29 May 2023
- 1-minute read
On 31 May 2023, the UTS Ageing Research Collaborative (UARC) released the third edition of its independent report, Australia’s Aged Care Sector Mid-Year Report 2022-23. The report finds that the sector continues to face many complex issues, including the quality of care delivered, providers’ financial viability, the availability of skilled workers, and the fiscal sustainability of taxpayer-funded services.
This third edition of Australia’s Aged Care Sector Report presents new evidence, analysis, and commentary. Highlights include:
- Warning signs of financial distress amongst approved providers
- Adequacy of direct care funding in residential care depends on workforce availability
- Large staffing gaps to meet the minimum standards
- Losses grow for non-care services
- Home care financial performance continues to decline
- Government spending on aged care far exceeds forecasts.
The report also includes detailed analyses of de-identified financial, workforce and other operational results, from datasets collected by StewartBrown from 1138 aged care homes and 60,102 home care packages.
Read the report:
READ AND DOWNLOAD FROM UTS OPUS:
Australia’s Aged Care Sector: Mid-Year Report 2022-23
WATCH THE WEBINAR:
View a recording of the webinar where the UARC author team presented the key findings of the third edition of the aged care sector report. This includes discussions of the latest evidence and analysis about residential and home care providers’ financial challenges, the adequacy of direct care funding, and the staffing gaps in meeting the minimum standards.