The Independent Health and Aged Care Pricing Authority (IHACPA) has released the Pricing Framework for Australian Residential Aged Care Services 2023-24 (the Pricing Framework) which will be the key policy document IHACPA will draw from in providing aged care costing and pricing advice to the Commonwealth Government, starting from 1 July 2023.
In October 2022 the VHA submitted a response on behalf of our members to ensure that the unique value and challenges faced by Victoria’s PSRACS are considered and reflected in the final aged care pricing framework, the underlying principles for activity-based funding in aged care, and priorities for future development.
We have analysed the Pricing Framework to measure IHACPA's response to the VHA submission and outline the next steps for our advocacy.