Ansell Strategic and the NZACA recognised the need to collect data and present timely information on the financial impact the Pay Equity Settlement has had on the viability of the aged residential care sector. This information can be used to inform policy makers, providers and other stakeholders of the industry’s current position.
A comprehensive survey was conducted with the input from providers across the country. Participants of the survey submitted details of two periods of financial performance information.
The survey received responses from 68 operators, providing valuable information on 321 homes and almost 23,000 beds across NZ. This represents approximately 60% of all aged residential care places across NZ as at 31 December, 2017.
This report provides a summary of the findings from this survey including the impact on financial performance and future of the sector.