Aged care in Australia has experienced seismic events in recent times.
The impacts of the global pandemic – while felt on every level – served up an extra layer of challenge and risk for the aged care sector, and has left an indelible impression that will shape the future for operators.
In the same vein, the final report from the Royal Commission into Aged Care Quality and Safety provided sobering perspectives on systemic changes required to transform the sector.
As a part of the Government’s response to the crises facing the sector, a five-year $17.7 billion aged care package was announced by Treasurer Josh Frydenberg in the handing down of the most recent federal budget – as ‘practical and targeted new funding to significantly improve the system’.
The funding will cover a range of initiatives and programs across residential aged care and home care – across five key pillars: home care programs, residential aged care sustainability improvements, residential aged care quality and safety, boosting and upskilling the aged care workforce, and strengthening governance and regional access. Funding for the different initiatives will be allocated on a pillar by pillar basis.
For aged care providers – the focus on transformative change
for the sector, coupled with new funding programs, means that
strategic planning for the future of aged care is
more important now than ever before.