Industry Analysis & Industry Trends
Nursing homes provide 24-hour high-level care for residents typically aged over 70, and for severely disabled younger people. The industry has grown strongly over the past decade and is expected to continue expanding, mainly due to Australia's ageing population. By 2051, nearly 20.0% of Australia's population is expected to be aged over 70.
Australia's ageing population suggests that industry revenue should grow strongly. However, the industry's performance has been partly restricted by budget constraints and target provision ratios, which control the expansion of funded aged-care places.
The Nursing Homes industry is expected to generate revenue of $10.7 billion in 2014-15, following annualised growth of 5.2% over the past five years... purchase to read more
Industry Report - Industry Products Chapter
There are two main forms of residential aged care in Australia: low-level and high-level care. Traditionally, nursing homes have been involved in the provision of high-level, intensive health and personal care, principally to the elderly. These facilities mainly provide nursing accommodation to dependent people who are referred by state government assessment teams. These teams, funded by the Federal Government via the Aged Care Funding Instrument (ACFI), assess whether potential residents should be referred to nursing homes or alternative (less dependent) aged-care programs... purchase to read more