Tag: nursing home ombudsman

Nursing Home stocks drop amid nursing home stock market collapse

Nursing homes and care homes across Australia are struggling to compete with one another in the market for nursing homes.

The latest Australian Bureau of Statistics data shows the Australian nursing home industry is down 9.6 per cent over the past year.

There were around 1.7 million registered nursing homes in Australia, up from 1.2 million a year ago, according to the latest Australian Nursing Home Association statistics.

That’s down from 1 million registered in 2009, according the organisation.

However, there were around 5.3 million people in nursing homes at the end of 2017, up 7.1 per cent from the year before, according data from the Australian Institute of Health and Welfare.

In terms of number of registered residents, the number of people aged 55 and over increased by 8 per cent to 7.3 per cent, but there were 4.3 fewer nursing homes than there were in 2017, according ANHWA.

It said the rise in the number nursing homes is also reflected in the decline in the proportion of registered people aged under 25 years old who live in nursing home accommodation.

“While the number is down, the proportion in nursing facilities has remained relatively stable since the end last year,” ANHSA chief executive officer Rob McKean said in a statement.

“(It) suggests there’s a fairly steady supply of nursing homes across the country.”

The number of licensed nursing homes also increased to almost one million from 603,000, ANHW reported.

Rural and remote communities have also been hit hard by the downturn.

A spokeswoman for the Australian Nursing and Midwifery Council said the organisation is not able to comment on the nursing home market because it is an industry-specific survey.

While the nursing homes are struggling, there are some positives.

For one, the increase in the supply of residents is helping offset the decline of the number.

But the industry is also struggling because of a lack of investment in facilities, McKeaan said.

And while the industry has been struggling for the past 12 months, the industry itself is on a steady growth path, according Mr McKeans.

He said the industry will continue to have a positive impact on the health of the community, while also providing a strong source of income for the sector.

Topics:business-economics-and-finance,health,nurses,health-administration,care-facilities,nhs,government-and/or-politics,healthcare-administrative,government—organisations,healthpolicy,nsw,aurora-4300,australiaContact Ashley DicksonMore stories from New South Wales

Google’s search results show it’s the number one nursing home search for Australian residents

Collingswood Nursing Home, which was once Australia’s largest nursing home chain, has seen its search ranking rise by one spot after the US company announced its plans to build a $100m facility.

Google searches for the nursing home’s name rose from 6,700 last year to 8,100 this year. 

“The company has made great strides in the area of nursing homes, as well as in other areas like food safety, in our search rankings, in Australia,” the company said in a blog post.

“We’ve also been seeing an increase in the number of people using our search for the Collingswoods.

We hope that with more Australians visiting, we can bring more people to our home, and more people will find the Collingwood Nursing home.”

Collingswood was one of the largest nursing homes in Australia when it opened in 1965, with more than 60,000 residents at the time.

It closed its doors in 2011 and moved to a new facility in Parkview in 2014.

Google is the largest search engine in Australia, with a global reach of more than 10 billion people.

The search engine has been building out its Australian search infrastructure, and has plans to expand it to include new properties and information about them, in an effort to improve its search results for Australian-owned homes.

Google has previously said it was working on its own search platform for Australia, but has not commented on the new plan. 

More to come.

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