Aged Care & NDIS Update
Community Therapy
Mobile Allied Health - We support older adults & people living with disabilities to live enriched & meaningful lives
Welcome to the Aged Care & NDIS Update Weekly Newsletter powered by Community Therapy.
This newsletter summarises key updates for you across the Aged Care and NDIS sector with this weeks focus being on:
Aged Care Update: Quarterly Financial Snapshot
The Department has released the October to December 2023 Quarterly Financial Snapshot of the aged care sector.
Residential Care
The financial position of residential aged care providers has improved significantly in comparison to October to December 2022.
EBITDA
Occupancy
Commentary
The Department did note however that:
The key takeaway here is that the Department is signalling that they expect expenses to rise as staffing matches the mandatory care minutes and the annual indexation of AN-ACC will now return to lower levels.
Home Care
The financial position of home care providers has also improved in comparison to October to December 2022.
EBITDA
Wages to Revenue
Unspent Funds
Commentary
With 12 months until HCP and STRC merge into SaH, providers should be preparing to navigate this period of change. We can expect a significant amount of guidance information coming from the Department over the coming two quarters.
领英推荐
NDIS Update: Annual Pricing Review
The actual NDIS Pricing Arrangements and Price Limits 2024-25 can be found here.
The National Disability Insurance Agency (NDIA) has released its Annual Pricing Review (APR) for 2023/24 here with key notes being below.
It is important to note that for 2024/25, IHACPA will lead the Annual Pricing Review, not the NDIA.
Commentary
The NDIS continues to mature as a funding scheme and with the NDIS review and reform pathway focused on ongoing sustainability, providers can expect continued headwinds with respect to operating conditions. Providers need to focus on decreasing their overhead expenses and diversifying their services where possible.
What's the Latest from Community Therapy?
We has seen a significant expansion of our group exercise programs across the Central Coast and Hunter in partnership with HCP, CHSP and senior living / retirement providers.
Excitingly, we are also in the initial phase of rolling out new Stepping On programs across our region as well.
You can learn more about our group programs here.
Is your Manual Handling Training Up to Date?
The Community Therapy team support both online and face to face (Hunter, Central Coast and Port Stephens regions) manual handling training and the online course has now reached over 30,000 healthcare workers across Australia. Recent updates to modules like challenging behaviours, personal care and domestic assistance have been popular with both NDIS and Aged Care Providers.
Contact the Community Therapy team to find out more as they also provide discounts for bulk enrolments, including embedding our training within your current LMS.
Want to Know More about Community Therapy?
We love hearing from our community so please get in touch!
Yours in Health,
Scott & the Community Therapy Team ????
Founder @ Community Therapy. We specialise in partnering with aged care, ndis & hospital at home providers to help people live enriched & meaningful lives. Ps. my profile pic is celebrating CT's 7 year anniversary ??
8 个月So many market insights in the aged care financial snapshot. With respect to the NDIS pricing update the additional note I will make is that we are likely to see more providers cease providing services ??.