The Department of Health and Aged Care has unveiled its Digital Strategy, highlighting the sweeping digital transformation taking place in our aged and home care systems. This blog shares the key highlights that providers need to know about.
Delivering the required care to remain compliant while not operating at a loss means facing the dual challenges of financial sustainability and regulatory compliance. Recent data from the Quarterly Financial Reports (QFRs) shows the extent to which these objectives oppose each other. We also want to understand who is achieving the appropriate balance, and how.
Our Executive leadership met with the Department of Health and Aged Care and discussed the Care Time Assessment Audits focusing on the data Providers include in their QFR submissions. This blog highlights common themes in Care Time reporting errors and provides guidance on ways to improve reporting practices.
Providers have been asking about our forecast on where the AN-ACC pricing will be set this coming October. Here’s an overview of what’s ahead.
In this blog, we delve into the insights gained from the Quarterly Financial Report (QFR) data to understand the operational hurdles and potential strategies for achieving surplus.
Using your July to September care minute targets as the baseline, apply these calculations to forecast your estimated October targets.
As providers have transitioned to the AN-ACC framework, the focus on workforce capacity, care minute compliance, and financial optimisation has now become more critical than ever. Learn how three aged care providers have benefited from support to accelerate their AN-ACC funding.
Discover the hidden risks of using spreadsheets for AN-ACC management in aged care providers and explore how Mirus Metrics provides a secure and proactive solution.
By effectively managing capital, adjusting accommodation pricing, and offering in-demand services, providers can carve out a path towards sustainable financial health.
For the past few years, we have partnered with various aged care providers across Australia, collaborating closely with their Workforce, Funding, and Admissions teams. Drawing from our experience, we have set out five essential steps for success in navigating the AN-ACC landscape.