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RETIREMENT
AND ASSISTED
LIVING
• Paul Young CPA CGA
• April 16, 2020
PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
AGENDA
• Retirement home break down
• Homecare / Canada
• Mortality rate / Canada
• Audit Reports – Retirement Homes – Diet
• Audit Reports – Patient Care
• Audit Reports – Quality
• What’s needs to be done
• Training/Professional Development Courses
Assisted and Long-term Care
3
3
RETIREMENT HOME BREAKDOWN
Source - https://www.bcmj.org/news/statistics-canada-almost-5-seniors-long-term-care or
https://sba.ubc.ca/blog/industry-overview-home-care-providers-canada
4
HOMECARE IN CANADA
Source - https://sba.ubc.ca/blog/industry-overview-home-care-providers-canada
5
MORTALITY RATES / CANADA
6
AUDITOR GENERAL – ONTARIO – NURSING
HOMES - DIET
7
AUDITOR-GENERAL – ONTARIO –
PATIENT TREATMENT
Source - https://ipolitics.ca/2019/12/04/auditor-generals-report-paints-grim-
portrait-of-ontario-healthcare-system/
8
QUALITY / NURSING HOMES - ONTARIO
9
• Government implemented more quality
inspection at homes – so why are there still
issues with nursing home operations?
• Bruce Lea had issues that if there was
proper inspection would have been caught
sooner - https://london.ctvnews.ca/bruce-
county-fires-three-top-administrators-of-
long-term-care-home-issues-1.4592524
• Staffing and other issues have been a
concerns at long-term care facilities -
https://www.cbc.ca/news/canada/london/we
ttlaufer-inquiry-care-home-inspectors-
1.4777296
• Lack of inspection and oversight -
https://globalnews.ca/news/5202136/advoc
ates-cry-foul-after-ontario-officials-alter-
nursing-home-inspection-report-without-
explanation/
• LHIN has failed over the years to protect
seniors -
https://www.carp.ca/2015/12/14/131025/
• More oversight of nursing homes -
https://www.ncbi.nlm.nih.gov/pmc/articles/P
TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies
WHAT’S NEXT
• LHIN need to set up better monitoring of long-term care facilities. This can be done through
mandatory reporting to LHINs including the use of analytics and data sciences
• All long-term care facilities should have a performance audit done of their facilities as part of their
funding - https://www.slideshare.net/paulyoungcga/the-importance-of-value-for-money-and-
perfomance-based-audits
• Nursing homes/Assisted living need to have a crisis management/risk management plan as part of
managing any outbreak at their facilities. These reports should be disclosed to various ministry of
health across Canada
• All companies whether they are for profit or non-profit need to go through rigorous audits -
https://www.dementiacarecentral.com/memory-care/non-profit-vs-for-profit
11

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Retirement and Assistant Living - Canada - Issues and What needs to be done

  • 1. RETIREMENT AND ASSISTED LIVING • Paul Young CPA CGA • April 16, 2020
  • 2. PAUL YOUNG - BIO • CPA, CGA • Academia (PF1, FA4 and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Financial Solutions • SME – Business Process Change • SME – Supply Chain Management Contact information: Paul_Young_CGA@Hotmail.com
  • 3. AGENDA • Retirement home break down • Homecare / Canada • Mortality rate / Canada • Audit Reports – Retirement Homes – Diet • Audit Reports – Patient Care • Audit Reports – Quality • What’s needs to be done • Training/Professional Development Courses Assisted and Long-term Care 3 3
  • 4. RETIREMENT HOME BREAKDOWN Source - https://www.bcmj.org/news/statistics-canada-almost-5-seniors-long-term-care or https://sba.ubc.ca/blog/industry-overview-home-care-providers-canada 4
  • 5. HOMECARE IN CANADA Source - https://sba.ubc.ca/blog/industry-overview-home-care-providers-canada 5
  • 6. MORTALITY RATES / CANADA 6
  • 7. AUDITOR GENERAL – ONTARIO – NURSING HOMES - DIET 7
  • 8. AUDITOR-GENERAL – ONTARIO – PATIENT TREATMENT Source - https://ipolitics.ca/2019/12/04/auditor-generals-report-paints-grim- portrait-of-ontario-healthcare-system/ 8
  • 9. QUALITY / NURSING HOMES - ONTARIO 9 • Government implemented more quality inspection at homes – so why are there still issues with nursing home operations? • Bruce Lea had issues that if there was proper inspection would have been caught sooner - https://london.ctvnews.ca/bruce- county-fires-three-top-administrators-of- long-term-care-home-issues-1.4592524 • Staffing and other issues have been a concerns at long-term care facilities - https://www.cbc.ca/news/canada/london/we ttlaufer-inquiry-care-home-inspectors- 1.4777296 • Lack of inspection and oversight - https://globalnews.ca/news/5202136/advoc ates-cry-foul-after-ontario-officials-alter- nursing-home-inspection-report-without- explanation/ • LHIN has failed over the years to protect seniors - https://www.carp.ca/2015/12/14/131025/ • More oversight of nursing homes - https://www.ncbi.nlm.nih.gov/pmc/articles/P
  • 10. TRAINING AND DEVELOPMENT • If you like to learn more about trade and/or other subjects as part of your professional learning and development then feel free to review my material on https://www.udemy.com/ (search Paul Young CPA CGA) • These subjects address how to fixed issues with housing and/or systemic issues related to economy including government policies
  • 11. WHAT’S NEXT • LHIN need to set up better monitoring of long-term care facilities. This can be done through mandatory reporting to LHINs including the use of analytics and data sciences • All long-term care facilities should have a performance audit done of their facilities as part of their funding - https://www.slideshare.net/paulyoungcga/the-importance-of-value-for-money-and- perfomance-based-audits • Nursing homes/Assisted living need to have a crisis management/risk management plan as part of managing any outbreak at their facilities. These reports should be disclosed to various ministry of health across Canada • All companies whether they are for profit or non-profit need to go through rigorous audits - https://www.dementiacarecentral.com/memory-care/non-profit-vs-for-profit 11