Building resilience and protecting your business: proactive strategies for boards and managers

Hall & Wilcox’s and McGrathNicol's recent webinar provided strategies for boards and managers of aged care approved providers to build resilience and protect the business.

We discussed:

• financial risk management, including reviewing policies and procedures when dealing with prospective residents;
• dealing with RADs and DAPs in residential agreements;
• security for payment;
• security of tenure;
• payments and debt recovery when the agreement terminates;
• dealing with estates;
• considering the building blocks of a financial forecast;
• data visualization;
• common pitfalls; and
• how to use a solid financial forecast to build conversations with internal and external stakeholders.