IHACPA's Role in Aged Care Pricing Fact Sheet
Date published: 15 September 2022
The Independent Health and Aged Care Pricing Authority's (IHACPA) role within the aged care sector will be to provide aged care costing and pricing advice to the Commonwealth Minister for Health and Aged Care.
This process aims to ensure that Commonwealth Government decisions on aged care funding, including through the new classification system for residential aged care and residential respite care, the Australian National Aged Care Classification (AN-ACC), are directly informed by the actual costs of delivering care.
The established expertise of IHACPA in public hospital funding provides a strong foundation for its expanded role in aged care. However, IHACPA acknowledges the need to ensure its aged care costing and pricing advice is developed specifically for the aged care system and is committed to ongoing and transparent consultation with a broad range of stakeholders in the aged care system.