Australia’s Aged Care Sector Full-Year Report 2023-24

On 12 December 2024, UARC released the sixth edition of its Australia’s Aged Care Sector Report. The report includes detailed analyses and commentary, drawing on data from StewartBrown, the Department of Health and Aged Care and the Australian Institute for Health and Welfare.

Elderly woman with glasses looking off into the distance, with circle image with the words "Australia's Aged Care Sector: Full Year Report 2023-2024"

Highlights of this edition:

  • Changes in AN-ACC funding to improve viability of non-metropolitan homes.
  • Many homes still below legal direct care staffing levels, particularly in metropolitan areas and among for-profit providers.
  • Slowdown in building activity risks supply shortfalls in residential care in coming decade.
  • Gradual improvement in Star Ratings.
  • Economies of scale for large residential providers.
  • Home care financial performance continues to decline, with stagnant revenue growth and growing reliance on third-parties.
  • Viability risk analysis of new Support at Home program
  • Aged Care Taskforce reforms to improve equity and sustainability of sector.
  • Opportunities for innovation with abolition of ACAR and new Aged Care Act.

 

READ AND DOWNLOAD FROM UTS OPUS: 
Australia’s Aged Care Sector: Full-Year Report 2023-24

 

ATTEND THE WEBINAR:
Register for the free, public webinar hosted by the report’s author team on Wednesday, 22 January 2025, 2–3pm (AEST). 

A recording will be made available after the event.

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