Welcome to the first edition of the LSS News for 2021.
After six months in the role of Chief Executive, I have now gained a solid understanding of the business and am focusing on defining the LSA’s future in terms of achieving the organisation’s strategic plans and making operational adjustments to deliver these.
Prior my appointment at the LSA, I was the Deputy Chief Executive at the Insurance Commission of Western Australia, responsible for the operations of the Motor Injury Insurance Scheme as well as the government insurance arrangements for the state. A career highlight was leading the introduction of the Catastrophic Injuries Support Scheme, which is the WA equivalent of the LSS, so I look forward to making a positive contribution to the LSA.
After an extended period working from home in 2020 due to the COVID-19 pandemic, we have returned to the office to engage with our colleagues, adopting our COVID normal procedures. With the easing of COVID-19 restrictions, we were able to hold the first Participant Reference Group (PRG) meeting for 2021 which provided a great opportunity for PRG members to meet in person and hear about the Scheme.
As at 14 April 2021, we have 261 active participants in the Lifetime Support Scheme who are receiving treatment, care and support services directly relating to their motor vehicle accident injury. Serious injuries including brain and spinal cord injury can require a lifetime of support to help participants maximise their independence in the community so future Scheme sustainability is essential.
With a new accounting standard set to be implemented in 2023, we are working with our Finance team, Actuaries and the Board to understand the impact of the new accounting standard on the Scheme. This will require us to account for the future cost of treatment, care and support in a more conservative manner.
Over the past few months, it’s been a pleasure working with the LSA board and staff and I thank them for their continued dedication and support, as we embark on this journey of transition. I am confident that the changes we are introducing to the LSA will ensure the long-term sustainability of the Scheme and the continued delivery of treatment, care and support to participants in the future.
Rick Howe
Chief Executive, Lifetime Support Authority
