Professor Mike Woods
Professor of Health Economics at the University of Technology and Editorial Chair of the Aged Care Sector Report
The Financial Performance of the Sector and it’s Sustainability
Wednesday 12 October 2022
4:00pm – 5:00pm
Speaker Bio
Michael is Professor of Health Economics at the Centre for Health Economics Research and Evaluation (CHERE) at the UTS Business School, and a visiting scholar at ANU. He is also the Independent Reviewer for the COAG Health Council review of the accreditation system of the National Registration and Accreditation Scheme for the health workforce. Mike has had a long career in economics and public finance in the Commonwealth and the two Territory Governments. He is also currently a Senior Advisor to the OECD on policy development. From 1998 to 2014 he was a Commissioner, then Deputy Chair, of the Australian Productivity Commission. He presided on over 20 national policy inquiries, including reports on the Australian Health Workforce, Caring for Older Australians and Science and Innovation. He was previously the Under Treasurer for the ACT and a member of the Australian Statistical Advisory Board. Mike has worked closely with national ministries in China on fiscal reform and similarly in Viet Nam on economic reform. Mike is a Fellow of the Royal Society of New South Wales and a Member of the Centre for Strategy and Governance.
Abstract:
This hour-long special presentation and discussion session will provide the Conference with an authoritative update on the current financial sustainability of the aged care sector and an expert exploration of the key directions that providers and ACCPA can drive for change and excellence in the care of senior Australians.
The sector financial update will be provided by Grant Corderoy, Senior Partner of StewartBrown. He is Australia’s most respected voice on the financial operations of aged care providers and publishes the leading Financial Performance Survey Report. Conference participants will receive a detailed understanding of the drivers of financial viability across the various business elements involved in delivering residential and home care and the trends the sector has been facing.
The challenges that providers, government and consumers face in turning the current unsustainable sector situation around will be explored by Mike Woods, Professor of Health Economics at the University of Technology and Editorial Chair of the Aged Care Sector Report.
Providers will be guided through the various opportunities they have to improve the effectiveness and efficiency of their operations, as part of the Conference theme of It’s Up To Us! The presentation will also identify some other significant measures that providers can advocate for, including adequacy of funding by government and from consumers who have the capacity to make more equitable contributions.
As part of this special session, there will be an extended opportunity for Conference participants to take part in a frank discussion with Grant, Mike and the session chair.
