No organisation wants to be faced with closure, and no community wants to lose its local aged care facility, but that’s exactly where many aged care providers could find themselves if they fail to adapt, leading experts tell Natasha Egan of Australian Ageing Agenda (AAA).

They are still in the community, the staff are there and the place is humming, says Michael Goldsworthy, recalling a regional not-for-profit aged care provider he helped save from closure.

Goldsworthy, who is principal consultant at Australian Strategic Services, says the community did not know how things went so wrong but issues included failed accreditation, financial problems and a range of organisational challenges including management.

“The bank would have foreclosed. Someone would have probably bought it, but at a fire sale, the directors may have been liable and it would have ended in tears and disaster after 56 years of non-profit institution,” Goldsworthy says.

Click here to read the full article online, click the links below to download the article as a PDF document, or turn to page 30 of the September/October 2014 edition of AAA.

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A single PDF copy can be obtained by contacting ASSPL at office@asspl.com.au.