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ersonal | FY22 Half-Year |
Results Presentation | |
23 February 2022 | |
R gis Shenley Manor, Victoria |
Contents | |
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● Aged Care Sector Reform | |
● COVID-19 | |
use● Financial Performance | |
● Other Matters | |
● Strategy Update | |
● Outlook | |
● Questions | |
● Appendices | |
R gis Inala, Victoria | - 1 - |
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Regis Healthcare Limited | FY22 Half-Year Results Presentation
Aged Care Sector Reform
Aged Care Environment Increasingly Challenging
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Now more than 6 years of challenging environment for aged care sector, including providers
Two and a half years of Royal Commission Inquiry, in addition to multiple previous inquiries and reports highlighting the same issues
2 years of COVID-19 pressures on residents, clients, families and workforce
Ongoing sector funding shortfalls and workforce supply constraints
Major sector reform program underway - complex changes impacting all aspects of sector performance and sentiment
Sector support through funding and policy reform lagging urgent needs and expectations
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Regis Healthcare Limited | FY22 Half-Year Results Presentation
Aged Care Sector Reform (continued)
Regis Actively Participating in Government Reform Agenda
only | Key Matters in H1 FY22 (internal) | |||
Key Matters in H1 FY22 (external) | ||||
► Australian Government response to Royal Commission | ► Regis timetable for reform | |||
recommendations | ► Strategic Plan 2022-2024 | |||
• Bill #1 (1 July 2021) - restrictive practices, home care | ||||
► Enterprise risk review | ||||
funding and aged care financing (including abolishment | ||||
use | of ACFA) | ► Data intelligence: | ||
• | Bill #2 (before Parliament) - funding (ACFI); worker | |||
• | Demographics | |||
screening; codes of conduct; SIRS in Community Care; | ||||
governance; information sharing & collaboration; | • | Modelling of reform outcomes | ||
prudential regulation (RADs); expansion of | • | Workforce planning | ||
Independent Hospitals Pricing Authority's functions | ||||
► Aged Care Reform Network | • | Competitor analysis | ||
ersonal | • | Constructive input | • | IT infrastructure projects |
• Working towards single industry body | ||||
• New leadership capability framework | ||||
► Aged Care Workforce Industry Council | ||||
► Workforce supply constraints | ► Advocating better alignment of Aged Care and NDIS | |||
standards whilst working closely with the NDIS in relation | ||||
► COVID-19 including Omicron and vaccination rollout | ||||
to behaviour support requirements | ||||
► SIRS Phase 2 | ||||
► Aged Care Financial Reporting Rules | ||||
► NDIS | ||||
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Regis Healthcare Limited | FY22 Half-Year Results Presentation
COVID-19
- Regis continues to maintain all necessary support to protect residents, clients and employees
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Key features of response are Pandemic Planning Committee, PPE hubs, testing protocols and Outbreak Management Plans
Regis has been impacted by the current Omicron outbreak since mid December 2021
All residents, employees and volunteers offered vaccination
94% of residents eligible for a booster dose have received one
Regis has mandated a COVID-19 vaccination policy for the workforce which includes the booster dose in addition to State and Territory directions
COVID-19 protection measures now ingrained as business as usual with ongoing infection prevention and control (including PPE) included in cost profile of both outbreak and non-outbreak homes
Impact of lockdowns has led to revenue reduction and higher costs across the sector
H1 FY22 COVID-19 costs incurred of $4.5 million. Additional costs of PPE (including rapid antigen tests) and staff expenses will be incurred in H2 FY22 in both outbreak and non-outbreak homes
No COVID-19 Government funding has been received during the first half of the year to support the substantial preventative and protective activities (including PPE) put in place by the Company
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Regis Healthcare Ltd. published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 21:54:17 UTC.