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Residential aged care profitability up but risks loom as compliance tightens
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Residential aged care profitability up but risks loom as compliance tightens
The Government’s 37-page Quarterly Financial Snapshot for December 2024 shows improved profitability in residential aged care – but warns future gains could be short-lived as providers face tighter compliance with care minute targets. EBITDA rose $3.44 per resident per day (prpd) to $45.77 prpd in the six months to December 2024, but margins fell 1.5 percentage points to 8.3%. While revenue jumped 8.4%, driven by a $0.7 billion boost in AN-ACC f…
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