Virtual event tackles path to sustainability in aged care

Aged care stakeholders are invited to attend an online event focused on how organisations can improve their situation at an increasingly tough time.

Aged care stakeholders are invited to attend an online event focused on how organisations can improve their situation at an increasingly tough time.

RECOVERY 2020 on 12 August is the inaugural virtual event for Australian Ageing Agenda.

The free event features insights from leading aged care industry organisations working with providers on the frontline.

It follows last month’s report in AAA where CEO’s of aged care organisations discussed their plans and concerns for 2020-21 (read more here and here).

The coronavirus pandemic, ongoing financial struggles and waiting until 2021 for a royal commission have all providers concerned.

And while there is general consensus of bleak year ahead for many providers, there are exceptions.

James Price

The short answer to this includes strength in numbers, says James Price, co-founder of Mirus Australia, the company behind aged care providers workforce management tools Mirus Works!

Mr Price will tell attendees how starting with 1 per cent and $1 can lead to sustainability.

“There is a sustainable pathway to a revenue, admissions and workforce operating model and a better way to understand, which numbers to work on and when,” Mr Price tells AAA.

Former AAA editor Keryn Curtis will host next week’s discussion at RECVOERY 2020, focusing on the numbers that matter. 

Kane Draper

Other RECOVERY 2020 presenters include Kane Draper, a senior client partner at aged care consultants Health Generation

He says as expenses rise in a sector with already thin margins, something needs to give – but without hampering the need to maintain quality and meet compliance obligations.

Mr Draper will talk about unlocking and sustaining the best possible funding to ensure an organisation’s longevity even with restrictions in place.

Greg O’Loan, who is regional vice president of Epicor, a provider of aged care and retirement living software, is also presenting.

Greg O’Loan

It is important to focus on integration, cloud and data intelligence to remain relevant in the market beyond 2020, says Mr O’Loan.

He will discuss how to prepare for the changing nature of Australian aged care including the seven key criteria any organisation should include in the aged care software evaluation process.

Sign up for your free registration for RECOVERY 2020 here.

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