Harnessing the Opportunity in Crisis: How and Why Must Aged Care Providers Strengthen Financial Resilience
The highly informative DCM Group Leaders Summit 2025 highlighted a critical point: the aged care sector must proactively shape its future rather than wait for policy or regulatory clarity. With the introduction of the new Financial and Prudential Standards expected by 1st July 2025, aged care providers have an opportunity to build robust financial practices […]
ViewUpcoming Financial and Prudential Standards – Open for Consultation
Overview The Australian Government has introduced draft Financial and Prudential Standards as part of the new Aged Care Act, set to commence from 1 July 2025. These new standards aim to strengthen financial governance, liquidity management, and investment oversight for registered aged care providers to ensure financial stability and service continuity.The government has now opened […]
View[Webinar] Stay Ahead of the New Aged Care Act
In collaboration with Aged care experts Cynthia Payne and Shirli Kirschner (Elker) lead a free webinar Navigating Speak Up Obligations: Key Changes Shaping the Future of Aged Care on Monday, 28 October 2024. The webinar explores the New Aged Care Act and how Speak Up obligations will improve the safety and well-being of the sector. […]
ViewNavigating the Retirement Living Spotlight
How the Retirement Living Code of Conduct and Having Robust Policies and Practices Can Elevate Your Village Operations The recent ABC 7.30 Report featuring Adele Ferguson has put the retirement living sector under the spotlight once again, highlighting several families’ distressing experiences with complicated contracts and unexpected financial outcomes. The segment raised concerns around transparency, […]
View2024 Federal Budget Announcement
Finally the highly anticipated budget is out! But do you think the expectations for our sector were met or missed? In our view, Dr. Jim Chalmers faced quite a balancing act with this latest budget, especially considering the challenges facing sectors like aged care, health, retirement living, and social services. While there was anticipation for […]
ViewKey Considerations for Standard 3: Care and Services
Standard 3: Care and Services has a focus on the way providers must deliver care and services to older people and is underpinned by Standard 1: The Person of the Strengthened Aged Care Standards. Meeting the Standard 3: Care and Services is paramount for ensuring the provision of person-centred, trauma-aware, and healing-informed care and services […]
ViewThe Power of Belonging
Why Inclusive Leadership Drives Successful Change Management In the dynamic landscape of organisational change, leaders face the daunting task of steering their teams through uncharted waters. Whether it’s implementing new technologies, adapting to regulatory reforms, or navigating industry shifts, effective change management requires more than just strategic planning—it demands a deep understanding of human psychology […]
ViewAged Care reform transformation planning – 8 reasons why you might fail
Transformational leadership is a style of leadership that inspires and motivates employees to perform beyond expectations. Leaders in aged care right now must perform as transformational leaders and create a shared vision and a sense of purpose among their followers, and they need to enable them on a journey which has significant VUCA. VUCA stands […]
ViewImproving the Dining Experience: Beyond Food Costs
While food costs are a crucial aspect to consider, there are several key actions that providers can take to elevate the dining experience beyond just the financial aspect. By focusing on these essential elements, we can truly make a difference in the end-to-end experience of older people in your care. Enhancing the Dining Experience through […]
ViewSummary of Final Report of the Aged Care Taskforce
The final report of the Aged Care Taskforce was published last night, but does it provide all the answers we are looking for? Where do you go from here as a Provider? In analysing the recommendations, it is evident that several recommendations introduce new approaches or emphasise specific aspects to enhance the aged care sector. […]
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