This week Ideal has had the pleasure of being part of the ACSA Aged Care Finance Forum to talk about the challenges and changes in Home Care. We are happy to share this summary of the presentation with you and welcome you to contact us with any questions and comments.
Contact us if you would like a PDF version of this article.
Home care is a growing and increasingly competitive area of business for aged care providers. The population demographics, consumer preference to remain at home, increased proportion of aged care services being delivered in non-institutional settings, and the focus of the Aged Care Royal Commission on supporting older people to remain at home all support further growth of home-based services.
Responding to this there is increased interest from the private sector and significant growth in the number of home care Approved providers over the past five years. From 2016 to 2019 the number of Approved Providers of Home Care has doubled and private providers have grown market share by 20%.
Proposed changes to Home Care funding arrangements
In the …