Topic: Develop a future-focused treasury management function
Day: Tuesday 13 October 2020
Time: 1:30pm-1:500pm AESDT
The events of 2020 – bushfires, floods, a global pandemic –have elevated the ongoing challenges of funding for Australia’s aged care system. They have also heightened the urgent need for future-focused approaches incorporating a broader focus on treasury management, past liquidity management.The events of 2020 – bushfires, floods, a global pandemic –have elevated the ongoing challenges of funding for Australia’s aged care system. They have also heightened the urgent need for future-focused approaches incorporating a broader focus on treasury management, past liquidity management.
For aged care providers, being future-focused requires a deep understanding of your service’s treasury management function, so that you can answer questions such as:• What level of reduced occupancy, and subsequent reduced RADS, can your service absorb?• What are the ‘levers’ can you control to improve your service’s treasury position?• What is your cost of capital, and the most appropriate mix of capital (debt and equity)?• How can you better explain your balance sheet to non-financial board members using the ‘three buckets’ approach (asset regeneration; funding liabilities; funding growth)?• How can you better govern your treasury management (past just liquidity management) function, whilst incorporating mission and strategic intent?
In this session, Bentleys’ Heath Shonhan will provide insight and tips around how you can develop a future-focused treasury management function that will underpin the sustainability of your aged care service.
Heath Shonhan is a Business Advisory Partner, an Aged Care Specialist, Fellow of both the Chartered Accountants Australia NZ, and the Governance Institute of Australia, and the lead partner of Bentleys’ Innovation, Technology and Strategic Advisory team in Queensland.
Heath is responsible for advising high growth clients, private family enterprise, multinational corporations, government, banks, churches, and healthcare institutions. He has worked closely with businesses at all levels – from start-up ventures to large public sector entities. He looks after clients both locally and internationally. He has also been a key strategic lead to business owners, boards and councils, undertaking multi-million-dollar projects and funding initiatives.
In the health and ageing sector, Heath is the team leader across major healthcare projects, including Government funding program reviews and assessments. His close involvement with Australia’s health and ageing sector has earned him a reputation as a trusted advisor to a wide range of private and not-for-profit organisations, capital funders and policy makers. Heath leads Bentleys’ successful innovation incubator program – CareFactor www.bentleys.com.au/carefactor – collaborating technology and innovation to Australia’s aged care sector. He is regularly sought for industry commentary, publications and presentations.