Operating a facility is much more than focusing on increasing or maximising short term profit, it is ensuring that your facility operates on a sustainable and stable platform for the long term.
Our best practice insights assist you to manage bed mix, occupancy, capex and costs to ensure that you operate with appropriate surpluses and reserves.
We see aged care moving to an environment where consumers will be more empowered. Key issues that will emerge for providers in this environment include:
- market relevance - are you providing the standard and mix of accommodation that the market expects?
- capital reinvestment - is the balance between surplus, profit distribution and surplus reinvestment enabling you to maintain the standard of your physical facilities?
- staff engagement - are your reward and employment practices supporting business improvement?