When meeting the needs of our aging population is at the heart of what you do, achieving the delicate balance between mission and purpose, service delivery and standards, and financial purpose can sometimes be overwhelming.

The need for housing and healthcare for elderly Kiwis is growing as fast as the list of issues facing the aged care and retirement villages sector. Regulatory requirements, strained capacity, available and affordable land and properties, construction constraints, supply of labour and the challenges that come with your day to day operations are all coming together to create the perfect storm for the industry.

These factors coupled with the increasing cost of operating care units and villages are also making it difficult for smaller operators to survive. Increases in funding at a government level has not kept pace with rising costs, and this has resulted in closures of facilities and consolidation of operators.

How can you weather the storm?

Our passionate industry experts understand these complex and far-reaching issues. In addition to our suite of traditional services like accounting, audit and tax, we go deeper to deliver the tailored solutions your organisation needs to survive now, and well into the future. Some of these services include:

  • Resilience planning
  • IT privacy and security
  • Cloud services
  • Payroll assurance
  • Data analytics
  • Business strategy and planning
  • Succession planning
Ryan Campbell
Partner, and Aged Care Lead
Ryan Campbell

Aged Residential Care Service Review 2010

The Aged Residential Care Service Review launched on 8 September 2010 and is one of the most extensive reviews ever undertaken. Grant Thornton New Zealand led the project team which was overseen by a steering group comprising representatives from district health boards and aged residential care providers. The review was co-sponsored by the New Zealand Aged Care Association and the 20 District Health Boards throughout New Zealand at the time. The research provides a comprehensive stock-take of the costs of delivering care over the spectrum of aged residential care facilities, and the issues presented are complex and far reaching. It also considers alternative service delivery models and identifies the growth of supply and investment required in rest homes, dementia and hospital care facilities to meet projected demand.