Residential Aged Care

I was given my first placement in a residential care home for the elderly located next to a busy main road in a small town. Established for over 25 years, the home is owned and run by qualified nurses who specialise in looking after confused, elderly residents. It can accommodate 32 service users for residential care and also provide respite care, day care and dementia care. There are currently 18 full or part time care staff plus domiciliary workers operating on a 12 hour shift system.

Long term care facilities use Joint Commission Accreditation as a benefit to show the quality and commitment to the health care organization. A long term care facility that is Joint Commission accredited will have a more appealing look to reimbursement centers and to the patient and families that they care for. Having this accreditation is also a risk management tool. The likelihood of a bad outcome is reduced if a facility is accredited by the Joint Commission. There is a team put together to come up with accreditation standards and to make sure facilities stay compliant with these standards. Performance is evaluated to ensure standards are followed.

Competition in the long term care field has forced the organization to strive for cost efficient solutions and have realized that sometimes this cost effective solution involves becoming part of a greater system. Groups who have combined interests begin

Although 2012 has seen some increase in the industry revenue, IBISWorld predicted continuous decline until 2014 (Outlaw, 2012). David Jones announced in its ASX Release 40% decline in profit-after-tax in 2012 is expected, partly associated with costs involved in its new strategic initiatives (David Jones, 2012). Myer, David Jones’ closest competitors, experienced decreased total sales of 3.8% and stated in

With the growing rate of the elderly, increasing the need for our services, the growth potential for our business is enormous. As long as we stand by our commitment of a professional company and live up to our own standards, we will surpass the

* headcount reductions and related charges as announced in October and December 2008, the details of which are described in Note 4, “Restructuring and Other Charges” to these unaudited consolidated financial statements, and a 62% decline in the Company’s per share stock

Review the main points of this article and decide what is most important to you as it relates to customer retention and industry competition. Be sure to contact an experienced business consultant or your attorney to draft a legally binding non-compete agreement specific to your business needs. Register for our Senior Care Business Workshop and learn more about securing your home care, hospice and personal care home

Support: The inventory increase in 1997, YOY, was 58%. Additionally, the COGS to revenue ratio reduced from to 72% in 1997. This combination of increase in inventory and reduction in COGS as a percentage of revenue seems to indicate that the fixed costs may have been spread over a larger base through over production, thereby causing the COGS to reduce. This may be a cause for concern and could be a potential red flag.

Conducting a desk study to evaluate the current provisions for supported housing at the London borough of Camden

In New Zealand, there are many organisations with aged care facilities providing support and accommodation to older people. In this task, we have selected Onewa Hospital and Rest Home because it is one of the well-known rest home in New Zealand. We would like to discuss strategic review of this organisation.

Additionally, the organization was scrutinized for its revenue recognition of an accident on September 30, 2010 rendering the shipment unsalable until analyzed for quality. Said accident resulted in several analysts downgrading the organization’s stock and issuing sell recommendations. Finally, such recommendations resulted in significant declines in stock prices and revocation of stock coverage. As such, questions arose as to the accuracy of revenue loss claims and aggressive accounting practices.

The economy of 2015 was favorable over previous years creating demand for the brand in many markets around the world. REVPAR increased 5.2% to $112.25, while average daily rates increased 4.15% to $152.30. Also, occupancy increased

There were concerns expressed in the media and among market participants that Fenton would not gain the expected synergies with McPhee, but at the end of the day the new prices for both firms were based on a new equilibrium point. This is the position we are in today. It is important to consider whether or not a further increase in the bid will result in deterioration in the stock price. It is worth keeping in mind that at this point, we do not

The elderly population is rising globally and similar trends are being observed not only in Asia but also in Pakistan. A developing country facing several challenges in the form of political instability, lack of economic growth, low savings of the elderly, weak pension system, makes life challenging for the elderly. Pakistan’s demographic trends show that between 1990 till 2010, the population aged 60+ years increased by 75.1 %. It is projected that the life expectancy will increase to 72 years by 2023. WHO report (1998) projected that 5.6 % of Pakistan’s population was over 60 years of age, with a probability of doubling to 11 % by the year 2025.

The X axis of the above bar chart is indicating the number of respondent and Y axis is revealing the factors behind sending people to old age homes. I divided it into male-female category to know what they think about aged parents. Surprisingly most of the respondents (25) think aged parents become burden for them. And another amazing reason they chose that after just getting married they want to live alone rather to live with their parents. Here I found the female respondent more supportive than male. The annoying grand children option did not work that much. Only 2 female chose this behind sending parents to old homes. But in the forth option I did not expect any tick mark but there are people in our country who leaves their homes willingly. 5 responses were in other category.