Risk presented by unspent funds improves

In the year leading up to portability of packages StewartBrown had been tracking the sector levels of unspent funds with an increasing concern that almost $220 million of funding had accumulated and was lying unused within client’s Home Care packages – benefitting neither the client’s wellbeing nor the provider’s results. The underlying concern is also that government may see this chronic underspend and reclaim it into consolidated revenue, further de-funding an already stressed sector. In the year to March 2017 the Aged Care Financial Performance Survey average result showed a strong response by the package recipients and the sector...

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