The StewartBrown June 2024 (Twelve months) Aged Care Financial Performance Survey incorporates detailed financial and supporting data from 1,202 Aged Care Homes (99,214 beds/places) and 68,226 Home Care Packages from 210 Approved Providers accross Australia.

The quarterly survey is the largest financial benchmark in the aged care sector and provides invaluable insights into the trends and drivers of financial performance at the sector level and at the aged care home or program level.

Click here to download a PDF copy of the Stewartbrown Aged Care Financial Performance Survey report for June 2024 (Twelve months).

The Aged Care Bill 2024 (draft new Aged Care Act) was tabled in Parliament on 12 September 2024 with bipartisan support for Chapter 4 "Funding for Aged Care Services". The Bill included the funding reforms resulting from the Aged Care Taskforce Report (Aged care reforms and reviews | Australian Government Department of Health and Aged Care).

StewartBrown has been very supportive of the Taskforce Recommendations and the Government's clear desire to ensure the financial sustainability of the aged care sector to meet the current and future demands of older Australians. With bipartisan support through parliament, a strong foundation will be established for the future.

Implementing major funding policy changes, such as has been included in the Aged Care Bill, will often create varying levels of consternation that unintended consequences are avoided. These will need to be addressed as they are identified.

StewartBrown has strongly advocated for these funding reforms for the past 4 years and will continue to support fair and equitable funding reform into the future.

The attached paper provides initial modelling and analysis of the financial impact of the reforms on residential aged care. This analysis will continue as more detail becomes available through the release of the Rules that will underpin the new Act.

StewartBrown will also be distributing analysis and commentary on the funding reforms and new design of the Support at Home program over the next week.

These reforms are important first steps in ensuring that the sector becomes and remains financially sustainable. As reforms continue to evolve, StewartBrown will continue to support the sector with detailed analysis and evidence-based advocacy.

StewartBrown - Taskforce Funding Reforms Analysis (September 2024) PDF

The Aged Care sector, and particularly residential aged care, has been stagnating due to successive and sustained operating deficits. Over the last five years the aggregate operating loss for the residential aged care sector has been $5 billion.

For a detailed analysis and projections of the Residential Aged Care sector, please refer to the comprehensive report by StewartBrown. Click here to view the StewartBrown Residential Aged Care Projections Report (July 2024).

The StewartBrown March 2024 (nine months) Aged Care Financial Performance Survey incorporates detailed financial and supporting data from 1,217 Aged Care Homes (100,336 beds/places) and 72,445 Home Care Packages from 206 Approved Providers accross Australia.

The quarterly survey is the largest financial benchmark in the aged care sector and provides invaluable insights into the trends and drivers of financial performance at the sector level and at the aged care home or program level.

Click here to download a PDF copy of the Stewartbrown Aged Care Financial Performance Survey report for March 2024 (nine months).