Aged Care Software Return On Investment
"Productivity - The degree to which a business yields profit or financial gain."
In these trying times, preserving profitability in aged care is a realistic goal when effective and efficient aged care software systems are implemented and practised.
Effective and efficient aged care software systems will increase productivity, increase transparancy, optimise carer rosters and provide live KPI dashboards.
Effective + Efficient = Productivity
Stewart Brown Pty Ltd aged care quarterly financial performance surveys found 64% of aged care homes recorded an operating loss for the 2019/20 financial year, which is a greater loss (+ 8%) across all regions of Australia compared to the same period in the previous year.
Aged care costs rise as more demands are put. As demands increase, the percentage of delivered care can only reduce. Disappearing profits make it impossible to increase care.
Care for the aged cannot be reduced, therefore an increase in productivity and a reduction of administrative overheads are the only reasonable options to achieving both goals of profit and care.
GSO Care Aged Care Software System provides these capabilities.
GSO Care Aged Care Software is priced by bed, not by the number of users, which is unlimited.
GSO Care retails at $50 (ex gst) per bed, per month.
The above price does not include support, cloud hosting, or training.
Potential Return On Investment using GSO Care
Calculations below are based on 1 facility with 90 beds
Per Bed Per Month
GSO Care cost per bed (rec retail)
GSO Care cost per 90 bed facility
Minus cost of current software?
Nett Annual Profit projected INCREASE
Nett Cost per bed per month
It is estimated that the annual gross profit for a 90 bed facility is approximately $1,000,000. This would suggest that by using GSO Care aged care software system appropriately, a provider may realise a conservative annual gross profit increase in excess of 10%.
The above projections are estimates only. GSO Care Pty Ltd makes no claim as to their accuracy. Prospective purchasers should conduct their own research.
Not Included: Many other Carer productivity gains, Support Visit reduction, Non Compliance reduction, Complaint reduction, quarterly ACFI appraisals, et al.