Accommodation payment plans in residential aged care: The impact of consumer choice

Abiona, O; Yu, S; Woods, M; Van Gool, K

Accommodation payment plans in residential aged care: The impact of consumer choice

Abiona, O

Yu, S

Woods, M Van Gool, K

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Publisher:: Wiley
Publication Type:: Journal Article
Citation:: Australasian Journal on Ageing, 2020, 39, (1), pp. e103-e109
Issue Date:: 2020

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Field	Value	Language
dc.contributor.author	Abiona, O https://orcid.org/0000-0002-1696-4475
dc.contributor.author	Yu, S https://orcid.org/0000-0002-1070-113X
dc.contributor.author	Woods, M
dc.contributor.author	Van Gool, K https://orcid.org/0000-0002-1424-9304
dc.date.accessioned	2020-09-30T20:57:33Z
dc.date.available	2019-06-27
dc.date.available	2020-09-30T20:57:33Z
dc.date.issued	2020
dc.identifier.citation	Australasian Journal on Ageing, 2020, 39, (1), pp. e103-e109
dc.identifier.issn	1440-6381
dc.identifier.issn	1741-6612
dc.identifier.uri	http://hdl.handle.net/10453/142946
dc.description.abstract	OBJECTIVE:To examine changes in accommodation payments to residential aged care facilities following the introduction of consumer choice reforms in 2014. These reforms have allowed residents to choose between making lump sum refundable deposits and/or rental-style payments. METHODS:Quantitative analysis was undertaken for facility-level quarterly data of 136 separate facilities, which were operated by six providers over the period under study. RESULTS:While the total pool of payments has grown strongly, consumers have increasingly favoured rental-style payments over lump sum refundable deposits. CONCLUSION:Consumer choice has changed the landscape of accommodation payment receipts in the provision of residential aged care services. Greater understanding is needed on how consumer preferences impact on the financial risk borne by providers and their ability to invest in future capacity.
dc.format	Print-Electronic
dc.language	en
dc.publisher	Wiley
dc.relation	Aged Care Guild Ltd
dc.relation.ispartof	Australasian Journal on Ageing
dc.relation.isbasedon	10.1111/ajag.12707
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	11 Medical and Health Sciences, 16 Studies in Human Society, 17 Psychology and Cognitive Sciences
dc.subject.classification	Gerontology
dc.title	Accommodation payment plans in residential aged care: The impact of consumer choice
dc.type	Journal Article
utslib.citation.volume	39
utslib.location.activity	Australia
utslib.for	11 Medical and Health Sciences
utslib.for	16 Studies in Human Society
utslib.for	17 Psychology and Cognitive Sciences
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Strength - CHERE - Centre for Health Economics Research and Evaluation
pubs.organisational-group	/University of Technology Sydney
utslib.copyright.status	closed_access	*
pubs.consider-herdc	true
dc.date.updated	2020-09-30T20:57:24Z
pubs.issue	1
pubs.publication-status	Published
pubs.volume	39
utslib.citation.issue	1

Abstract:

OBJECTIVE:To examine changes in accommodation payments to residential aged care facilities following the introduction of consumer choice reforms in 2014. These reforms have allowed residents to choose between making lump sum refundable deposits and/or rental-style payments. METHODS:Quantitative analysis was undertaken for facility-level quarterly data of 136 separate facilities, which were operated by six providers over the period under study. RESULTS:While the total pool of payments has grown strongly, consumers have increasingly favoured rental-style payments over lump sum refundable deposits. CONCLUSION:Consumer choice has changed the landscape of accommodation payment receipts in the provision of residential aged care services. Greater understanding is needed on how consumer preferences impact on the financial risk borne by providers and their ability to invest in future capacity.

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http://hdl.handle.net/10453/142946