Managing Director, StewartBrown Chartered Accountants
Stuart Hutcheon is regarded as one of the leading consultants and auditors in the aged and community care sectors due to his considerable experience with both commercial and not-for-profit organisations. He has been involved with the sector since 1995 and his experience covers all areas of professional services including auditing, accounting, budgeting, forecasting, financial performance, governance, and benchmarking. Stuart is a member of the Chartered Accountants Australia and New Zealand and currently acts as the Registered Company Auditor for over 90 aged and community care organisations and 220 not-for-profit organisations.
Financial Viability & Sustainability – StewartBrown Update, funding, finance and focus areas
Through the StewartBrown Aged Care Financial Performance Survey, we will provide a financial viability and sustainability update based on the FY 2023 results for both Residential Aged Care Homes and Home Care Packages. We will highlight the key financial areas of concern including funding (care, indirect services & accommodation), key performance indicators, HCP revenue utilization, cash flow issues and balance sheet impacts.
Deep dive analysis of AN-ACC, basic daily fee, accommodation pricing, direct care minutes, wage increases, star ratings, key expense areas such as catering.
Using the Survey data and consultation with with Providers, Peaks and the Department of Health and Aged Care, we will discuss insights and provide examples of areas of focus for providers so that they can make improvements to financial outcomes.