Introduction to the NSW Emergency Services Levy (ESL)
In this first article on the funding of Emergency Services in NSW, Martin Fitzpatrick, and Jessie Yu dive into what the Emergency Services Levy (ESL) is, who is liable to collect it, and discuss some historical examples. What is ESL? ESL (Emergency Services Levy) is a levy to fund the majority of Emergency Services in […]
Data Insights to inform innovative models of care
Remote monitoring of hospital patients could lead to better patient outcomes and reduced healthcare costs. Read about the way data was used to inform innovative models of healthcare – as presented by Lynton Norris and Adrian McGarva at the Health Financial Managers Association Annual Conference (Melbourne, 25th November 2022). Read more
How Should Aged Care be Funded?
The Aged Care Royal Commission is currently considering how aged care should be funded. During September 2020, Paul Keating put forward some interesting ideas about the role of the family home in financing aged care, which we think warrant further consideration. It has previously been suggested that the financial needs of the elderly, including aged […]
Principles of value attribution for Unit pricing and Crediting rates – Business as Usual and Compensation
A framework to guide assessment and implementation By Jules Gribble, Principal Introduction All investment products, superannuation and otherwise, require the attribution of value to investors. Generally, the changes in value to be attributed at specific points in time (daily, weekly, monthly, …) reflect changes in value of underlying assets. There are essentially two ways to […]
Performance Bonuses: How Does Your CEO’s Bonus Experience Compare?
The issue of CEO bonuses is a perennial favourite of the financial press. This topic will again be a focus in a few months when reporting season begins and companies declare what their CEOs were paid in these unprecedented times. This report aims to give readers a broader perspective of this topic by using PFS’ […]
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.
PFS Consulting helps to resolve Emergency Services Levy (ESL) “system glitch”
These notices set out each insurers’s final ESL liability for the 2018/19 year. This is assessed for each insurer on the basis of the Return of Premium form (ROP) submitted by that insurer, and Revenue NSW’s calculation of the size of the whole market from which ESL is to be collected. PFS Consulting were very […]
Determining reserves for aged care providers
Aged care providers must hold funds in reserve to pay for refunds of accommodation deposits. When residents have paid lump sums to partly or fully fund their accommodation costs, these deposits are refundable when they leave or pass away. These amounts are potentially useful to the business for investment in permitted capital expenditure, such as […]
