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IN LIMBO: Beth Cameron says imminent aged care reforms are disrupting the sector. Photo: Attila Csaszar

Aged care faces cash crunch

Western Australia’s aged care sector is preparing for major upheaval, including the entrance of investment-hungry private equity firms, as the most significant reforms in a generation take effect.

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Perth, CEO, IT Vision, nigel.lutton@itvision.com.au
This is a very timely and thought provoking article. It comes at a time when change is being introduced, legislated and inflicted on the most vulnerable within our communities at all levels. Although the Aged Care industry is long overdue for significant reform, this reform should come with protection of the most vulnerable residents that it supports and by extrapolation the organisations that provide the support. Equally the organisations providing aged care services need to increase their level of commercial flexibility and embrace the trend toward empowerment of individual consumer choice in all it's forms. For organisations such as mine (IT Vision) and a plethora of others, this includes the provision of multiple methods of engagement, commitment and funding that replace older traditional commercial models. It is no longer palatable, or perhaps even relevant, to ask consumers that seek an individual service to subsidise or outright pay-up-front for organisational capital investments. Just as historically we would pass on R&D costs via license fees, the consumer trend now dictates SaaS (software as a service) and a pay-as-you-use-the-service approach. I truly sympathise with the organisations that play significant roles in the provision of aged care services and facilities today, especially the amazing organisations referenced in this article. They play an ever increasingly valuable service to their individual clients, their families and the broader community. I hope for all our sakes that threatened cuts to funding and increased private operator competition do not 'upset the applecart' in the precarious position that they find themselves.

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Beds

4th-Baptistcare920
5th-Hall & Prior Health and Aged Care Group860
6th↓Amana Living817
7th-Brightwater Care Group779
8th-Regis Aged Care598
40 aged care providers ranked by total number of beds

WA Revenue

11th-Juniper$130.1m
12th-Bethanie$126.0m
13th-Amana Living$111.9m
14th↑Capricorn Society$111.2m
15th↓Baptistcare$108.1m
59 not for profit businesses ranked by WA revenue most recent financial year

Number of Employees

Aged Care Providers

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