“Australia’s Health Care System is on it’s Knees” - Why We Need to Start Talking About Money in Aged Care ft Charles Moore

What happens when an industry built on care is uncomfortable talking about money? Aged care is framed as something that should exist outside the language of profit, investment and commercial thinking. But without those things, it becomes very difficult to build the homes, services and communities the next generation of older Australians will rely on. And that time is coming quickly. In this episode, Rose and Dane sit down with Charles Moore, CEO of BaptistCare, to talk about why the sector may need to rethink the way it talks about capital, growth and commercial sustainability. Key moments: 0:00 - The tension between profit and purpose in aged care, and why the sector needs to get more comfortable with being commercial 4:53 - Why attracting capital into aged care might be one of the biggest challenges facing the sector 10:20 - The role retirement living could play in solving the bed shortage 12:54 -  What “integrated care” actually looks like inside BaptistCare’s model 15:56 - The things Charles believes need to change if the system is going to work long-term 20:32 -  What Charles learned working on the Sydney Olympic Park development and how that thinking has shaped BaptistCare 25:26 - Why attracting younger people into the workforce is becoming more urgent 26:20 - BaptistCare’s clustering strategy and how it changes the way services are delivered 33:08 - The thinking behind the recent merger and what it enables them to do 40:52 - Why Charles believes this might actually be the best time to invest in aged care 44:11 - The story behind Hope Street and the role projects like this can play in communities 50:17 - How housing affordability is shaping the future of aged care 55:19 - What Charles hopes the sector could look like in the years ahead