The next decade is shaping up to be an unprecedented period of change for the aged care industry. The aged population is poised to nearly triple by 2050, and as individuals they will likely live longer than ever before. The regulatory environment will have to change to respond to unprecedented need for services. In the medium to long term, the industry will go through an incredible amount of growth and change – not only to keep up with demand and regulatory change, but also to compete against more diverse competitors.
Contracting (and freelancing) have recently emerged as a growing alternative to the traditional employment relationship. It makes perfect sense to hire a contractor to get a particular job done, and there are plenty of reasons why a business may do so. However, there are risks in engaging a contractor - especially if that 'contractor' is in fact your employee at law. Click here to find out if your contractors are really employees and what it means for your business.
These days, many businesses rely on their website to generate leads, engage with current clients (eg by publishing blogs and free resources) and develop a recognisable brand. Now, more than ever, businesses need comprehensive, top-quality website terms and conditions to ensure that they receive all the benefits from their website presence while managing their risk exposure.
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?