The Albanese Government’s aged care reforms are already delivering with the latest financial outlook showing a sector providing more minutes of care per resident, while recovering to a more stable and sustainable setting.
The latest Aged Care Quarterly Financial Snapshot (QFS) shows the overall financial performance of residential aged care providers improved throughout the 2022-23 financial year. This follows the Albanese Government’s immediate introduction of the Australian National Aged Care Classification (AN-ACC) funding model, which came into effect 1 October 2022.
The snapshot shows that residential aged care providers delivered an average of 194 minutes of care per resident per day in the final quarter of 2022-23, an increase of 4 minutes. The Labor Government’s 200 mandatory care minutes came into effect from 1 October 2023.
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