A HUGE Opportunity for Australian Businesses
The changing face of disability services
Today, we’re seeing a growing segment of Australians realising they are no longer fulfilled by their jobs. Many are forced to work longer hours, expected to do more than ever before and with fewer resources. These expectations have left thousands of people working in organisations across Australia – quite simply – worn out.
While we’ve seen mining booms come and go, Australians are looking for new ways to build a business in a secure marketplace and move away from the old dynamic that’s simply not working anymore. The good news for the tired workforce is that Australia is poised to enter a significant economic shift that will change the landscape, forever. According to a recent Global Entrepreneurship Monitor (GEM) survey, Australia ranks third for total early-stage entrepreneurial activity among innovation-driven economies.
An agile Australian economy will need creators, innovators, start-ups and entrepreneurs – more people will need to create, rather than apply for, their job.
So where does this opportunity present itself – technology startups? In part, yes. Technology will continue to shape our daily lives and thus economic and employment influence. However, a fundamental shift in the way governments conceptualise and fund essential support services is also creating new opportunities for innovative service providers wanting to give back to their communities.
For instance, the National Disability and Insurance Scheme (NDIS) is a new way of providing individualised support for Australians with disability, their families and carers across Australia. With the previous state disability systems throughout Australia seen as inefficient, fragmented, unfair, underfunded and leaving people with disability without the support they needed, the NDIS provides a national response to move Australia forward.
The NDIS presents huge growth opportunities for Australian businesses. As a Federal Government initiative with bipartisan political support, its future is secured. Once it’s fully operational, the National Disability Insurance Scheme (NDIS) will be one of the biggest Government-funded programs after Medicare.
As a result, the disability services market is set to expand dramatically in the coming years, creating significant opportunities for the existing service sector and for new entrants, as well as mainstream businesses seeking to make their services accessible and inclusive. Nationally, the level of expenditure on disability supports will more than double, reaching approximately $22 billion per annum and supporting 460,000 participants, once the NDIS is fully implemented. As such, there has never been a bigger opportunity than right now to partner with the NDIS and realise your business goals, while providing quality person-centred, innovative and responsive community services.
Amergin is helping a number of Australian businesses to become Registered NDIS Providers, providing support at each stage of the process. This includes meeting state and Federal government registration requirements while also differentiating businesses to help them stand out above the crowd and lay a pathway for a postivie and successful future.
Becoming a Registered NDIS Provider can be an overwhelming task, requiring a lot of preparation and planning. We’ve put together a comprehensive guide to step you through the key things you need to consider before applying to deliver services to NDIS participants.