Business View Oceania - October 2024

CHALLENGES IN THE AGED CARE SECTOR The aged care sector in Australia is currently facing significant challenges, many of which stem from the federal government’s dual role as both the primary funder and the regulator of services. This complex dynamic creates a challenging environment for organisations like Melville Cares, which must navigate stringent regulations while striving to meet the growing service demand. “Our main funder is also our regulator, which creates a dynamic and somewhat challenging environment to work in,” Davison acknowledges. She points out that while the government provides approximately 98% of the funding for aged care, this model is becoming increasingly unsustainable as the population ages and workforce availability struggles to keep pace with demand. 52 BUSINESS VIEW OCEANIA VOLUME 06, ISSUE 10

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