Past Agenda
DAY 1 | Wednesday, 11 September 2024
7:50am
Registration
8:50am
Welcome to Country
9:00am
Welcome Address from Aventedge
9:05am
Chairperson's Opening Address
Emeritus Professor Michael Sherris, School of Risk and Actuarial Studies, University of New South Wales
AGED CARE ACT 2024: FUNDING, POLICY & REGULATORY CHANGES
9:15am
Unpacking the Recommendations of the Aged Care Taskforce - Considerations for Aged Care Providers in implementing findings
How was the taskforce designed to help improve the Aged Care sector?
How do the findings from the Aged Care Taskforce affect current Aged Care costing models?
How might factors such as remoteness, differing provider types, and facility sizes impact the implementation of recommendations?
Thomas Walker, Chief Executive Officer, Think Forward, Member, Aged Care Taskforce
9:55am
Financial and operational strategies to meet the minutes while reducing agency dependency
Managing the cost of talent recruitment and training while minimising turnover
How can providers reduce overheads through developing in-house talent
Cost-saving strategies for maximising workforce quality and managing agency reliance
Mark Broadhead, Chief Financial Officer, Pathways Residences
10:35am
Speed Networking: Engage in rapid-fire conversations to expand your professional contacts
10:55am
Morning Tea
FINANCIAL MANAGEMENT & COST CONTROL STRATEGIES
11:25am
Panel: Addressing ongoing financial sustainability challenges in aged care
Addressing the financial costs associated with compliance and reporting
What impact will the new Aged Care Act have on future funding models and payment strategies?
Recognising the impact of changing consumer preferences on funding opportunities, and challenges in implementing their transition
Moderator: Emeritus Professor Michael Sherris, School of Risk and Actuarial Studies, University of New South Wales
Michael Holdom, Chief Operating Officer, Goodwin Aged Care
Jing Fang, Group Manager Finance Transformation, Southern Cross Care
Richard Hazeltine, Sales Director, RLDatix
Paul Maher, Director of Finance, McLean Care
12:15pm
Innovation in cost control - Adapting to the changing market
Analysing the shortcomings of current Aged Care finance systems and opportunities for innovation
What adjustments need to be made to the sector’s financial plans in order to adapt to changing consumer needs?
How can providers maintain care standards while developing sustainable financial strategies?
Stuart Flavell, Chief Financial Officer, KinCare
12:50pm
Networking Lunch
REVENUE DIVERSIFICATION & ALTERNATIVE FUNDING SOURCES
2:00pm
Building a Financially Sustainable Aged Care Organisation: ACH Group's Insights
How ACH Group is embracing a growth mindset and culture of excellence to drive financial and operational resilience and performance across all aged care divisions: Retirement Living, Residential Care, and Home Care offerings.
What are some actionable insights and practices that other aged care organisations striving for financial resilience could implement amidst the evolving aged care landscape
Adam Green, Chief Financial Officer & Executive Manager Growth, ACH Group
2:40pm
Challenges in sourcing future capital to prepare for upcoming development and re-design
How will changing demographics and government compliance exacerbate current financial challenges?
What strategies are there for providers to innovate, locate new sources of capital, and improve their financial sustainability?
How can providers facilitate necessary developments and redesigns through fostering resilient and skilled workforces?
Exploring the benefits of collaboration in sustaining and strengthening the sector
Doug MacColl, Chief Financial Officer, Scalabrini
3:20pm
Afternoon Tea
WORKFORCE COST MANAGEMENT & PRODUCTIVITY
4:00pm
Analysing the Fair Work Commission ruling's impact on workforce productivity and financial performance
How have the changes to wages ameliorated/exacerbated current recruitment and turnover issues?
Addressing uncertainty around funding channels for wage increases and upskilling
How can implementing automation and other technologies manage overhead workforce costs, allowing for competitive wage opportunities to attract and retain workers?
Professor Mike Woods, Professor of Health Economics, Centre for Health Economics Research and Evaluation (CHERE), UTS Business School
4:30pm
Chairperson's Closing Remarks
4:40pm
Networking Drinks
DAY 2 | Thursday, 12 September 2024
9:00am
Chairperson's Opening Address
Emeritus Professor Michael Sherris, School of Risk and Actuarial Studies, University of New South Wales
FINANCIAL RISK MANAGEMENT & COMPLIANCE
9:10am
Shaping the Future of Aged Care Financing: A Call for Sustainable Models
Exploring systemic funding issues uncovered by the Royal Commission into Aged Care Quality and Safety
Unpacking the possibility of integrated aged care financing with retirement income and health financing
Securing the future of aged care by striking a balance between government support and private initiatives
CT Johnson, Chief Financial Officer, Catholic Healthcare
9:40am
Innovation to address workforce and compliance challenges - how providers are thinking outside the box to solve workforce availability and better manage compliance requirements, reporting and costs
How can innovation support providers to mitigate the cost of compliance, and administration?
How can providers maintain financial sustainability, compliance requirements and care standards while managing workforce challenges through embracing innovative solutions?
Paul Maher, Director of Finance, McLean Care
10:10am
Morning Tea
INVESTMENT IN FINANCIAL MANAGEMENT TECHNOLOGY & AI
10:40am
Interactive Round Tables
A: Strategic Advice for the Uncertain Future: Creating an Informed and Well-Designed Aged Care Sector
Selina Gerner, Partner, McGrathNicol
Sean Wiles, Partner, McGrathNicol
B: Unlocking Revenue Potential: Strategies and Solutions to Drive Financial Success
Andrew Farmer, Chief Executive Officer, Mirus Australia
11:50am
Mini Workshops: Participate in an Informal, interactive discussion with executive and financial leaders to gain insights on how they are approaching key challenges
Ask a CEO: Fronditha’s insights into financial sustainability
Faye Spiteri OAM, Chief Executive Officer, Fronditha Care
Overcoming Technology Gaps and Barriers: Reflecting on Forum Learnings and Planning for Solution Implementation
Milka Underhill, Chief Financial Officer, Vasey RSL Care
12:20pm
Networking Lunch
M&A, COLLABORATIONS & PARTNERSHIPS FOR FINANCIAL SUSTAINABILITY
1:20pm
Mergers and Acquisitions - Insights and Strategies for Transformative Growth
Exploring how M&A can be implemented effectively to maintain bed supply for consumers in critical locations
Best practices and practical insights to ensure a seamless transition and maintain operational continuity during handover
Megan Millman, Chief Financial Officer, Bolton Clarke
1:50pm
Panel: Boosting Financial Sustainability through Collaborative Advantage
Partnering with primary health networks, state health bodies and hospital programs to support post-acute and transitional care
Enhancing workforce capabilities through partnership with local job programs, education and training organisations
Creating a community with other aged care providers to share resources and help alleviate financial strain
Moderator: Emeritus Professor Michael Sherris, School of Risk and Actuarial Studies, University of New South Wales
Doug MacColl, Chief Financial Officer, Scalabrini
CT Johnson, Chief Financial Officer, Catholic Healthcare
Professor Mike Woods, Professor of Health Economics at the Centre for Health Economics Research and Evaluation (CHERE), UTS Business School
2:30pm
Is Aged Care Consolidation Inevitable? Financial Sustainability challenges for smaller providers - Assessing the risks of compliance and demand, addressing solutions through partnering, collaboration, and mergers
Investigating the increasing burden of the Financial Taskforce outcomes on the aged care sector, and its potential impact on struggling operators
Understanding the impact of higher occupancy rates, investments in technology, efficient administration systems and more flexible staffing rosters on the future landscape of aged care consolidation
Jason Binder, Chief Executive Officer and Managing Director, Respect Aged Care
3:00pm
Afternoon Tea
FUTURE FINANCIAL PLANNING, QUALITY & RESILIENCE
3:30pm
Supporting Aged Care Boards in Navigating Aged Care Reforms
Key challenges and critical areas to address when overseeing risk and quality
Providing reports to Boards that are collated, highlight the risks and guide decision making
Supporting Boards with their fiduciary responsibilities
Katherine Platt, Head of Clinical & Service Governance, Bolton Clarke
4:00pm
Diversifying revenue streams through consumer experience
How can premium service offerings help enhance client satisfaction and revenue growth?
How can providers look to introduce more private-pay care models to reduce reliance on government funding?
How can providers create value-added programs to better engage clients and increase revenue opportunities?
Claire Ward, Executive lead - Marketing & Customer Experience, Anchor Excellence
4:30pm
Chairperson's Closing Remarks
4:40pm
Close of Forum