The Residential Aged Care Pricing Advice 2023-24 (RACPA23) is one of the key elements that will inform the new Australian National Aged Care Classification (AN-ACC) residential aged care funding model, which is administered by the Department of Health and Aged Care.
The Government announced the new AN-ACC price on 4 May 2023, which will be implemented from 1 July 2023.
IHACPA today released the Pricing Framework for Australian Residential Aged Care Services 2023-24 (the Pricing Framework), the Towards an Aged Care Pricing Framework Consultation Report and the RACPA23 including the Technical Specifications that support the pricing advice provided to the Government.
As an independent government agency, the role of IHACPA is to provide the Government with impartial, timely and transparent advice on the price of residential aged care based on available evidence and public consultation. The setting of the price and policy remain the responsibility of the Government.
IHACPA Chair, Mr David Tune AO PSM, remarked that “We welcome the expansion of IHACPA’s functions to contribute to national aged care reforms by providing evidence-based costing and pricing advice to the Government.
“IHACPA has a long history of providing the Government with evidence-based pricing and costing for public hospital services.