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RAD (Refundable Accommodation Deposit) is a lump-sum payment for aged care homes. It is fully refundable when the resident leaves, as long as there are no outstanding fees.
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Measuring impact of industry reform

As aged care providers continue down the path of a new era in aged care, it is imperative to measure the impacts of industry reform on aged care services.

Posted
by Pat Provider

To assist, the Bentleys National Aged Care Survey is now open for mid year data entry and you are invited to submit your financial and operational data for the six month period ended 31 December 2014.

The survey will equip providers with the insight needed to rigorously assess how the changes are affecting their services.

The advantages of undertaking an assessment at this six month period include:

  • collating and analysing financial and operational data for the six months (ended 31 December 2014) will provide you with a clear and reliable indication of how your service is being impacted by reforms;
  • you will have the tools to compare your service against others with similar RAD/DAP profiles, also those in similar locations and of a similar size; and
  • you will gain an understanding of the average non-supported resident profile six months into the aged care reforms.

Data entry closes Friday, 6 March 2015 and the results will be delivered back to participants by early April 2015 to inform and guide your budget development and strategic planning.

Understanding and managing the impacts of these reforms is vital to ensure that your service’s financial viability is protected and strengthened.

Register to complete the survey and proactively monitor the impacts on your organisation with the Bentleys National Aged Care Survey.

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