It's no secret that the older population is increasing dramatically across the globe. The World Health Organisation estimates that by 2050, the world's population aged 60 years and older will total 2 billion, which is up from 900 million in 2015. At the moment, we all fear getting older. And the biggest fear is that we have about getting older is that we will become ignored and irrelevant.
The Royal Commission into Aged Care Quality and Safety, announced by the Government in September, will no doubt shine an uncomfortable light on aged care providers. We see this announcement and the subsequent inquiry as an opportunity to help the industry move forward toward a future offering more choice, better quality care and (hopefully) lower price points for end users. Above all, the inquiry is essential to win back community trust in the sector and to encourage the development of newer and more innovative ways of delivering high quality care.
Here are some of the great companies re-shaping the health and aged care sector and delivering better outcomes for end users – all of which we believe will not only be the driving force for industry reform in the coming years but will also be absolutely essential to ensuring success and longevity in a sector that is increasingly competitive and under increasing public scrutiny, especially following the Royal Commission into Aged Care Quality and Safety announced on 16 September 2018.
The retirement industry has had its fair share of controversy and bad publicity in recent times, leading to the reform efforts currently being undertaken by the NSW government and most recently leading to the release of the Greiner Report.
While the Report focuses its recommendations on the retirement village sector specifically the broader health and aged care industry is also undergoing a transformation on the back of technology and increased competition.
What does the Report recommend, how will the retirement industry respond and what will it mean for service providers and residents alike?
(VIDEO) Retirement village operators have come under intense scrutiny with the NSW Government due to conclude its enquiry into the sector later this year…
Original video source: Lexoo Australia
Members of the Australian Retirement Village Residents Association, Retirement Living Council and Property Council of Australia have prepared and released an action plan to improve standards of…