care funding why benchmarking is dangerous and costing you $10,000s public release

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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

Page 3: Care funding Why benchmarking is dangerous and costing you $10,000s public release

…..through the areas you can control

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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…..…..

Page 4: Care funding Why benchmarking is dangerous and costing you $10,000s public release

Thoughts around Benchmarking?

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Our experience shows 85% of

Care operators do not receive all

the funding they are eligible for

Page 5: Care funding Why benchmarking is dangerous and costing you $10,000s public release

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Average Daily bed rates?

• $162.69

• $168.17

• $157.75

Page 6: Care funding Why benchmarking is dangerous and costing you $10,000s public release

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Growth & Profitability…..

• $3 vs. $206K

• Hostel - Occupancy

• Nursing Home - Complacency

Page 7: Care funding Why benchmarking is dangerous and costing you $10,000s public release

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Arbitrary Benchmarks

• Mission - $166 vs. $158 vs. $174

• Within-Organisation Performance

• State, Remoteness, FP Status, Size

Page 8: Care funding Why benchmarking is dangerous and costing you $10,000s public release

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Simple Strategies to increase

funding…..

• Gap Analysis

• Optimise Process

• Staff Training – Changes

Page 9: Care funding Why benchmarking is dangerous and costing you $10,000s public release

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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.

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

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Questions & Next Steps

Initial Learning Consult (15 minutes)

[email protected]

or +61 411 467 111

View ACFI Library at

www.learningseat.com (Care tab)

Or Handouts tab in webinar

• [email protected]

• (08) 8363 1344

mailto:[email protected]

Page 11: Care funding Why benchmarking is dangerous and costing you $10,000s public release

Notes If needed:

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