Research from the University of Queensland estimates that if aged care homes operate efficiently it would cost around $621 million per year to improve all homes to the best quality level measured in Australia’s current aged care system.
The cost for all aged care homes to improve quality and to operate with a small-sized home model would be around $3.2 billion per year.
The University of Queensland conducted its research for the Royal Commission into Aged Care Quality and Safety using detailed financial data, a comprehensive set of care quality indicators for aged care homes, and a measure of relative care needs, which was developed by the University of Wollongong.
The findings are presented in Research Paper 9 – The cost of residential aged care and Research Paper 10 – Technical mapping between ACFI and AN ACC.
Higher funding needed for residential aged care
Research Paper 9 – The cost of residential aged care (.pdf)
Research Paper 10 – Technical mapping between ACFI and AN-ACC (.pdf)