National Commission of Audit recommendations for aged care
June 17, 2014 | Aged Care Management
The Australian National Commission of Audit has outlined recommendations for the future of the sector over the next few years.
Education and Optimisation
Industry body explains need for aged care over hospital beds
June 6, 2014 | Aged Care Management
A leading industry body, Leading Age Services Australia, claims that the budget changes could have a negative effect on residents.
2014 Aged Care Approvals Round opened
May 28, 2014 | Education and Optimisation
The 2014 Aged Care Approvals Round (ACAR) opened on May 24, providing a good option for providers seeking to build residential places.
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 | Education 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 | Education 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 | Education and Optimisation
Run rates should become a consideration for aged care providers, especially thanks to the benefits gained through use of the financial system.