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How to Improve your Facility

To us improving your business is not simply increasing short term profit it is ensuring that your business operates on a sustainable and stable platform for the long term.

We see Aged Care moving to an environment where consumers will be more empowered. In this environment we see operators who can balance the capital cost of continuous improvement against the need for short term reward as those who will be successful.

The dominating cost focus that has characterised the industry in the recent past will give way to a more balanced focus between revenue creation, cost management, resident attraction and staff engagement.

Some key questions that focus attention on where improvement is required include: -

• Market relevance – are you providing the standard and mix of accommodation that the market expects?

• Capital reinvestment – Is the balance between profit distribution and profit reinvestment enabling you to continually upgrade your physical facilities?

• Profitability – Is the operating efficiency of your facility appropriate?

• Staff engagement -Are your reward and employment practices supporting business improvement?

To find out more contact the Guild Accountants Aged Care Team on 1800 101 296 or email us at agedcare@guildaccountants.com.au

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