Pioneering Change – AusHealth is Now a Health and Wellbeing Charity.
As of July 1, of this year, AusHealth is now a health charity known as The AusHealth Hospital Research Fund.
Leading Australian health and wellbeing organisation, AusHealth, is proud to announce its transition from a profit-for-purpose company into a health and wellbeing charity. This significant shift opens new doors for AusHealth to extend its impact, enhance medical research, and contribute even more profoundly to the betterment of society. Since establishing in 1985, AusHealth has positioned itself as a trusted provider of workplace drug and alcohol testing, wellness and safety training for Australian businesses, COVID-19 testing kits and other medical products, and debt collection services for hospitals. With a commitment to promoting health and wellbeing across Australia, the company has also been channelling its profits into vital medical research. From 1 July 2023, AusHealth, as a trading entity, will fall under the umbrella of The AusHealth Hospital Research Fund (AHRF). Under its new charity status, AusHealth’s business model, which comprises three divisions—AusHealth Work, AusHealth Hospitals, and AusHealth Research—will remain intact. AusHealth Hospitals will continue its essential work providing debt collection for hospitals and payment plans for patients. AusHealth Work will continue to offer comprehensive workplace services, including drug and alcohol testing, wellness, and safety training programs. AusHealth Research will persist in its unwavering dedication to groundbreaking medical research conducted in Australia. What sets this transition apart is the remarkable opportunity it presents for AusHealth to access federal grants and philanthropic funding. By aligning with charitable status, AusHealth can now receive additional financial support to amplify its research efforts and accelerate groundbreaking discoveries in medical science.
This means more resources, enhanced capabilities, and ultimately, more lives positively impacted.
As a health and wellbeing charity, AusHealth is primed to forge partnerships and collaborations with like-minded organisations, researchers, universities, and healthcare professionals to drive innovation, tackle healthcare challenges, and advance the field of medical research. This transition heralds a new era of growth and collaboration, opening doors to expand our reach and contribute to worthy causes with greater impact.
CEO Greg Johansen expressed his excitement about the transition, stating, “Becoming a health and wellbeing charity represents a significant milestone for AusHealth. We are thrilled to have the opportunity to combine our business acumen with philanthropic support to drive medical research forward and make a substantial difference in the lives of individuals and communities.”
“This transition allows us to channel more resources into critical research initiatives, enabling us to address pressing healthcare challenges and pave the way for a healthier future.”
With an unyielding commitment to quality, integrity, and the advancement of healthcare, AusHealth remains steadfast in its pursuit of excellence. Through this transformative shift, the organization is poised to create a lasting impact, fuelled by a collaborative spirit and an unwavering dedication to improving the health and wellbeing of all Australians.
About AusHealth®
AusHealth® is a national Health Charity that supports the commercialisation of innovative medical technologies, improving the health of all through three divisions: AusHealth® Research, AusHealth® Work and AusHealth® Hospitals. All profits fund medical research and development of products and services that look to improve future of medical practice. Since 1985, AusHealth® has helped people with diabetes, joint damage, cardiovascular disease, and cancer; as well as improving burn & scar and foetal health diagnostics. Other commercial success stories by AusHealth® include Mesoblast (ASX:MSB), LBT Innovations (ASX:LBT) and Firefly Health.
For media inquiries, please contact: John Stedman, Divisional Manager, AusHealth Work. jstedman@aushealth.com.au M: 0417 754 334