The residential aged care system is under significant strain, with two-thirds of providers making a loss late last year.
The aged care royal commission, which uncovered a system under stress and in dire need of reform, recommended greater transparency of the finances of aged care sector players.
The first release of data, covering the September 2022 quarter before major reforms were rolled out by the Labor government, found 66 percent of providers making a loss.
Aged Care Minister Anika Wells said stronger reporting and oversight were key to improving the system.
Dr. Jamal Rifi performs a routine health check at home with Hagge Amine in Sydney, Australia, on Oct. 3, 2021. (Lisa Maree Williams/Getty Images)
“The snapshot shows the strain a decade of inadequate funding from the coalition has put on the aged care sector,” she said on Friday….