Care funding Why benchmarking is dangerous and costing you $10,000s public release

Care Funding Changes:

Why benchmarking is Dangerous and costing you $10,000's

Michael Peachey, W&LMarc Niemes, Learning Seat & HealthXN

Introductions

Michael Peachey, CEO W&L Marc Niemes, Director HealthXN & Partner Learning Seat

…..through the areas you can control

contact@wellnesslifestyles.com.au wellnesslifestyles.com.au ©W&L Aged Care Services 2016

We are here to assist operators to

increase Care outcomes with the

knowledge on how to receive all of

their funding entitlements promptly

and sustainably…..…..

Thoughts around Benchmarking?

Our experience shows 85% of

Care operators do not receive all

the funding they are eligible for

Average Daily bed rates?

• $162.69

• $168.17

• $157.75

Growth & Profitability…..

• $3 vs. $206K

• Hostel - Occupancy

• Nursing Home - Complacency

Arbitrary Benchmarks

• Mission - $166 vs. $158 vs. $174

• Within-Organisation Performance

• State, Remoteness, FP Status, Size

Simple Strategies to increase

funding…..

• Gap Analysis

• Optimise Process

• Staff Training – Changes

Further Thoughts…..

• There are areas you can control

• Changes will be ongoing (at least

yearly)

• Active Interface between “care”

and “operations”

• ACFI knowledge is needed at

various levels by various staff.

Questions & Next Steps

Initial Learning Consult (15 minutes)

Marc.Niemes@healthxn.com

or +61 411 467 111

View ACFI Library at

www.learningseat.com (Care tab)

Or Handouts tab in webinar

• Michaelp@wellnesslifestyles.com

• (08) 8363 1344

Notes If needed:

Care funding Why benchmarking is dangerous and costing you $10,000s public release

Health & Medicine

Transcript of Care funding Why benchmarking is dangerous and costing you $10,000s public release

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