Aged Care Financial Risk 2020

As 2019 came to a close, alarm bells were ringing loudly that 54% of all residential aged care facilities are operating at a financial loss.

Industry analysis of Department of Health data indicates that almost 200 Operators caring for up to 50,000 older Australians are operating at a high level of financial risk. Some RACFs will close in 2020!

It’s time for all our readers to be in contact with your Federal Members of Parliament and to keep asking them what they are doing about ensuring that the Industry is being funded appropriately.

Ciarán Foley
Chief Executive Officer

Read more articles in our December 2019 / January 2020 Newsletter (PDF) »