InteliCare Holdings poised to take advantage of once-in-a-generation aged care Budget spend
The Federal Budget promised $6.5 billion for an additional 80,000 home care packages that can fully fund InteliCare technology. This is a pivotal time in Australia s aged/disability care evolution, says CEO.
InteliCare Holdings Ltd (ASX:ICR) is well-placed to benefit from the Federal Budget in which record spending was committed for the Aged Care sector off the back of the recent Aged Care Royal Commission.
Of the 148 recommendations by the Royal Commission, the Government has accepted (or accepted in principle) 126, many targeting the growth of assistive technology – such as InteliCare’s commercialised subscription-based Internet of Things (IoT) and Artificial Intelligence (AI) product for use in the aged care and health industries.