Aged Care Industry Viewpoint

Australia’s aged care sector, already highly complex, is set to be transformed by the Royal Commission. Its recommendations are aimed at addressing issues with the current system, as well as anticipating future pressures from changing demographic trends. The new Aged Care Quality Standards have important relevance for the management of aged care facilities. They will impact building design, equipment provision and organisational governance. Aged Care providers will have to overhaul current processes, invest in upgraded services and introduce effective information management systems This white paper provides an in depth look at the changes facing the industry, and details how asset intelligence tools, such as AssetFuture, can help deal with these future challenges. Data is key to managing aged care residential facilities and equipment, particularly as the new Aged Care Quality Standards put further pressure on funding. Asset Intelligence can be used to determine funding, and balance condition, risk and performance where budgets are constrained. By embedding a platform such as AssetFuture into business processes, aged care providers will be able to demonstrate compliance with the new requirements, while making better business decisions based on the relevant asset data stored, which will in turn lead to better service delivery for the customers of the facilities in which they live.