Latest benchmarking report on aged care facility profits
Posted
by DPS
The net operating results for high care residential facilities have improved slightly again, while low care facilities are continuing to deteriorate, according to Stewart Brown’s aged care financial benchmarking survey for the September 2008 quarter.
Both categories are averaging losses overall, with only a third of the 100 participating high care facilities achieving an operating profit, while just 93 of the 184 low care facilities managed to be in the black.
Apart from the top 25% high and low care facilities, only nine homes recorded a net profit.
