Exciting updates have just been released in the aged care sector that can significantly impact funding and operations.
Here's a quick overview of the essential changes:
1. FUNDING
AN-ACC Pricing Changes:
- Old Price: $253.82 per NWAU
- New Price: $280.01 per NWAU
- Increase: $26.19 (10.3%)
Structural Changes:
- Variable Funding (AN-ACC Case Mix): Decreased NWAU for Classes 1, 9, 10, 11, 12, 13, 98, 103; Increased NWAU for Classes 3, 4, 5, 6, 7, 8, 99, 100, 101, 102. Decreased funding amount for Classes 1, 10, 11, 12, 13, 98, 103; Increased funding amount for Classes 2, 3, 4, 5, 6, 7, 8, 9, 99, 100, 101, 102. Key reclassification implications: Class 7 or 8 to Class 9 = downgrade; Class 11 to Class 12 = no change.
- Fixed Funding (Base Care Tariffs - BCTs): New structure groups MM1 as Standard MM1, MM2 and MM3 as Standard MM2-3, MM4 and MM5 as Standard MM4-5. Increased BCT NWAU for MM1, 2, 3, 4, 5. No change in BCT NWAU for MM6, 7 (standard/specialised) and specialised homelessness.
Hotel Supplement:
- Old Rate: $11.24 per bed day
- New Rate: $12.55 per bed day ($0.22 indexation and $1.09 wage increase)
2. CARE MINUTES
AN-ACC Class Allocation Changes:
- Total Care Minutes: Increased for Classes 2, 3, 4, 5, 6, 7, 8, 9, 101, 102; Decreased for Classes 1, 10, 11, 12, 13.
- RN Care Minutes: Increased for Classes 3, 4, 5, 6, 7, 8, 11, 12, 101, 102, 103; Decreased for Classes 1, 2, 9, 10, 13.
- EN Minutes: Can count towards 10% of RN minutes but not for 24/7 RN responsibilities.
3. 24/7 RN SUPPLEMENT
Full Rate Supplement Eligibility:
- Old Requirement: Average of 60 residents
- New Requirement: Average of 50 residents or fewer
Our expert Funding Consultants have prepared a great infographic to help you understand the differences.
This infographic contains updated pricing for the 2024/2025 financial year, valid from 1 October 2024.
You can save it, print it, forward it to a friend. Keep it as a training reference or refresher resource.