The Royal Commission into Aged Care Quality and Safety webinars

In this series of webinars we share insights into the recommendations brought forward by the royal commission. A team from BDO was engaged by the Royal Commission into Aged Care as external experts to assess the profitability and viability of the Australian aged care sector.

in 2020, BDO also submitted a research paper to the Australian Department of Health, regarding the profitability and viability of the Australian Aged Care Industry. You can find the report on the Royal Commission website.

Fahim Khondaker, a Data Analytics and Insights Partner, who was part of the BDO team engaged by the commission; produced and delivered three webinars detailing the impact of the recommendations from the report. Find the webinars below.

Aged care Royal Commission insights | Federal Budget and Royal Commission response - June 2021

Aged care has remained in the spotlight this year, with the Federal Government releasing its response to the Royal Commission into Aged Care Quality and Safety’s recommendations and several aged care focused initiatives in the 2021 Federal Budget.

It is important that you understand the impact of these announcements on your organisation and the sector more broadly, so you can navigate a clear path ahead.

In this webinar, Fahim Khondaker discusses:

  • The impact and opportunities arising from each Royal Commission recommendation and the Federal Government’s response. He will consider funding, workforce, operations, governance and quality of care
  • An analysis of the aged care items set out in the 2021 Federal Budget and their effect on the sector
  • A timeline of when the recommendations will come into effect and the interdependencies between them to be aware of. We hope you can join us for one of these events.
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Aged care Royal Commission insights - March 2021

With the Royal Commission into Aged Care Quality and Safety’s final report handed down, understanding the impact of recommendations on your organisation will be vital. Find our report here.

Fahim outlined the following: 

  • A summary of the 124 recommendations - How each recommendation is likely to impact approved providers and present new opportunities for success. Perspectives considered include funding, workforce, operations, governance and quality of care
  • An approach to assess the level of impact on your organisation and tools to develop and prioritise key actions in response to the recommendations (including a high-level implementation plan)
  • A timeline of when the recommendations will come into effect and interdependencies to be aware of between recommendations
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Aged Care Royal Commission insights for industry - December 2020

Fahim Khondaker shares valuable insights from our detailed financial analysis of more than 800 approved aged care providers, our in-depth analysis of the sector's commercial and operating model, and our presentation at the Royal Commission’s hearing. We also share insights from our recent roundtable discussion with board members and executives of a number of leading aged care providers.

We identified an initial set of five focus areas which we believe will assist aged care providers in preparing for their response to the Royal Commission’s upcoming recommendations and take advantage of the opportunities that will be presented. These include:

  1. Financial reporting and disclosures - Greater transparency expectations
  2. Business operations - Understanding revenue and cost drivers
  3. Duty of care and quality of care - Greater governance and compliance
  4. Economic impact on the aged care commercial model
  5. Internal and external communication - Managing reputation and boosting trust.
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