AUSSIE LOSSES

An Australian accounting firm that surveyed close to a thousand aged care facilities last year found that over half of the surveyed sector had notched up operating losses.

The sample of 984 aged care homes, about 40 percent of all facilities, reported a slight downturn in occupancy and that average cash profit per bed per year was down from AUD $7737 in 2018 to AUD $5920 in 2019.

The average operating profit per bed per day was down from the previous year.

Regional and remote areas were hit the hardest.

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