RSM Australia is one of Australia’s leading professional services firms.

Comment in response to the Royal Commission

  • The Interim Report from the Commissioners has identified a number of issues that will result in increased regulatory imposts and significant impacts for Facility Owners, Boards & Management, including:
  • 1/ Increased governance risks and compliance exposures for Directors and Management
  • 2/ The requirement for deeper understanding of the balance between client service, cost and compliance drivers for optimised outcomes
  • 3/ Labour and skills supply will be a continuing a problem without improved funding and training support
  • 4/ Merger and Acquisition activity will increase due to economies of scale required to cover elevated internal and external compliance costs
  • We are already working closely with clients who are alert to these impacts to better position themselves to respond positively to the next wave of changes. 

our solutions

Strategic and tactical reviews

Entity structuring
advice

Annual accounts
and tax compliance

Due diligence investigations

Balance sheet
management and profitability improvement strategies

Acquisition/
divestment planning and implementation

Outsourced
Management Accounting

HOW WE ADD VALUE

RSM Australia is one of Australia’s leading professional services firms. And is committed to enabling clients through a greater understanding of what matters most to their business. By better understanding the challenges and opportunities specific to a client’s business regardless of size, our trusted advisers ensure they take every step within today’s complex and fast evolving business environment without hesitation. We dig deeper to truly understand every client and the business environment they’re operating in and by doing so, we identify emerging opportunities and pre-empt challenges with the right solutions.

Aged Care is a rapidly changing and complex industry. We understand this and through a combination of extensive experience and innovative accounting and business practices, our aged care team can help you navigate through your future to ensure your business goals are reached. As a client of RSM, you benefit from our experience, innovative practices and solutions. We provide insights that help providers navigate the complexities of legislative compliance, the implications of the Living Longer Living Better policy initiatives and the changing expectations of consumers, boards and regulators.

RSM ensure our clients are ahead of emerging issues in the industry. We partner with our clients to:

  • Help maximise recurrent cash flow from operations
  • Establish sustainable operating models, including management of reserves
  • Acquire, sell and merge activities
  • Provide support to boards as they discharge their governance obligations.

We understand that in the religious and charitable sectors, this focus sits under the mission of your organisation, while in the private sector this necessarily involves maximising after tax cash flow.

Pat Flanagan

Patrick is a Director of the Business Advisory division in Sydney. He believes that it is important for businesses to align with an expert who understands the complex issues facing their industry and can provide relevant and factual insights. Pat has more than 25 years experience in professional practice and has developed knowledge in the aged care and health industries. Pat’s focus is on finding practical and commercial solutions to help his clients improve their profitability and achieve their business and financial goals.

Pat assists businesses by providing:

  • Strategic and tactical reviews
  • Entity structuring advice
  • Acquisition/divestment planning and implementation
  • Due diligence investigations
  • Balance sheet management and profitability improvement strategies
  • Outsourced Management Accounting
  • Annual accounts and tax compliance