Support at Home is Changing—Is Your Budget Ready?
The upcoming Support at Home changes due to the Aged Care Reform are set to transform the way providers operate, and at the heart of this change lies the issue of finances. These reforms bring with them opportunities for growth and innovation, but they also require providers to tighten their financial planning, make smarter decisions, and rethink how they deliver services.
At Three6, we understand that compliance goes far beyond simply ticking boxes. It’s about building sustainable, client-centred, and financially viable services. With this in mind, let’s explore what’s changing and how you can stay ahead of the curve.
New Funding Model = New Financial Pressures
One of the most significant shifts is the move towards a single Support at Home program. This change means that funding is more closely linked to individual client needs rather than broad block funding. Providers now face greater financial pressures, as funding will be allocated on a per-client basis, demanding more careful financial management. To maintain financial stability, providers will need to strengthen cost controls and deliver services efficiently. At Three6, we assist teams in assessing their service models, helping them avoid revenue leaks and maximise efficiency to maintain a sustainable financial position.
Cost Transparency & Value for Money
As funds are allocated with increased scrutiny, providers must ensure their pricing structures are clear, competitive, and justifiable. Clients will have more choice and control, which means providers must deliver high-value services without hidden costs. Transparent pricing will be crucial in ensuring that the funds are used effectively. At Three6, we work with providers to develop pricing structures that align with quality service delivery, ensuring both fairness and sustainability, and providing competitive yet realistic cost expectations.
Workforce Efficiency: More Than Just a Cost Centre
With increased demand for qualified staff and better working conditions, balancing workforce costs with service affordability has become even more critical. Digital tools and improved rostering practices can play a pivotal role in reducing inefficiencies. By streamlining workforce management, providers can ensure that they maintain a high quality of service without incurring unnecessary costs. At Three6, we design smarter workforce models that optimise staff deployment and improve service delivery, helping organisations maintain both efficiency and service quality.
Compliance & Financial Risk Management
The reforms introduce stricter reporting and accountability standards, meaning providers must be able to demonstrate that funds are being used appropriately. Non-compliance could lead to penalties or reductions in funding, which makes risk management all the more essential. Providers will need to navigate these tighter requirements with careful attention to detail. At Three6, we guide providers through risk assessments and compliance strategies to ensure they can meet regulatory standards and safeguard their financial security.
Future-Proofing: Financial Planning Beyond Today
Looking ahead, the aged care landscape will continue to evolve. To remain profitable, providers must develop long-term financial strategies rather than relying on short-term fixes. Those who invest in innovation, training, and adaptable service models will be the ones who thrive in an increasingly competitive environment. At Three6, we help providers develop strategic financial plans that ensure they not only survive the changes but lead the way in shaping the future of the sector.
Final Thought: Change Is Hard, But It Doesn’t Have to Be Painful
The Support at Home reforms will undoubtedly reshape financial models, but with the right approach, they can serve to strengthen your organisation rather than break it. By focusing on efficiency, compliance, and smart financial decisions, providers can deliver high-quality care while remaining financially viable.
At Three6, we’re here to help providers make sense of the numbers, develop robust strategies, and build financial resilience. If you’d like to discuss how these changes will impact your organisation, don’t hesitate to get in touch. We’re always here to help.