The Independent Health and Aged Care Pricing Authority (IHACPA) has released its 2024–25 Residential Aged Care Pricing Advice, marking the second year of its advisory role to the Australian Government. Find it here…
IHACPA has broadened its cost data collection to understand better the drivers behind residential aged care costs and variations in service delivery.
In a release, Chair David Tune expressed satisfaction with the agency’s progress in refining pricing advice using data-driven methods. The authority continues to collaborate with the Department of Health and Aged Care, evaluating grants and subsidies to adjust future pricing strategies.
‘We are committed to working with our stakeholders and advisory committees to ensure our pricing advice is appropriate and responsive to changes in the aged care sector.’
David Tune AO PSM
IHACPA’s five-year vision includes annual reviews to ensure its pricing framework remains relevant and responsive to changes in the sector, with a commitment to stakeholder engagement and adaptability as the aged care industry evolves. Through this ongoing process, IHACPA aims to improve care delivery efficiency and ensure the advice reflects the diversity of service providers across the country.
