PFS Consulting can help the Health and Hospital Sector with the challenges it faces
Issues of service delivery, utilisation, funding, and strategy in the health and hospital sector are always challenging, even more so now as a result of COVID-19. PFS Consulting has the expertise and experience to help address these. Contact Lynton Norris at lyntonnorris@pfsconsulting.com.au to find out more.
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Determining reserves for aged care providers
Aged care providers hold substantial accommodation deposits, which are potentially useful to the business for investment in permitted capital expenditure. However, providers also need to maintain sufficient reserves to provide refunds when residents pass away or leave. PFS Consulting’s Stephen Crump discusses how an aged care provider can determine an appropriate level of prudential reserves, and address how these amounts should be invested.
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