Long-term health reforms, growing demands for health services, the advent of new technologies and shifting social and community expectations also pose unique challenges for the sector. 

Leading providers of advisory, audit and tax services, the SW team offers financial services to the health sector, with expertise spanning across:

• hospitals
• aged care facilities
• pharmacies
• medical practitioners
• GP registrars
• government agencies, and
• allied health services.

Our Health services

We specialise in accounting, financial and acquisition advice, succession and estate planning, ratio analysis, benchmarking, automation, valuations, and business improvement strategies.

Our team also has extensive experience working with medical research, manufacturing, wholesale and technology companies, meaning you can rely on our understanding of specific medical sector technical issues that can arise. 

Industry Associations

We maintain strong alliances with key industry bodies and major wholesalers and are appointed to specialist valuation panels by Australia’s leading banks. Our valuations team has more than 20 years’ experience delivering valuations and preparing PPA reports to the health sector. 

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Whatever your needs and choices, without good advice and an effective plan, the choices can be confusing and overwhelming. And this may lead to poor decision-making – especially if you have never given aged care any thought.

Think back to the first time you attempted anything. How well did you do? How long did it take you to work out how to do it and how many mistakes did you make along the way?

Some tasks are too complex and too important to do on your own. Navigating the way through aged care and the jargon is not easy – especially if decisions are being made in a time of crisis and emotions are running high. When aged care decisions go badly, the stress can lead to family conflicts, fuelled by the Three G’s of aged care® (as identified by Aged Care Steps) – grief, guilt and greed. Mistakes can be costly.

As an example, here are three key mistakes people make when they don’t get advice:

1. Selling the home without understanding the consequences
2. Being afraid to pay a lump sum for residential care accommodation (called a refundable accommodation deposit)
3. Not generating enough cashflow.

You might be looking for advice for yourself or for a family member. Or you might want to think ahead to ensure you have covered the future possibilities so you can plan for quality of life, even when care needs start to creep in.

Let us take away some of the stress. Contact our office today and speak to Iggy Moro.

Disclaimer: The information in this article is general and does not take into account your particular circumstances. We recommend specific financial, tax or legal advice be sought before any action is taken to apply the rules to your specific circumstances. Refer to the relevant Product Disclosure Statement before investing in any product. Aged Care Steps ABN 42 156 656 843 is holder of AFSL 486723. Current as at 1 December 2020.

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