National Efficient Cost Determination 2024–25
Date published: 19 March 2024
The Independent Health and Aged Care Pricing Authority (IHACPA) was established under the National Health Reform Act 2011 (the NHR Act) and by virtue of section 131(1) of the NHR Act is invested with the following functions relevant to this National Efficient Cost Determination 2024–25:
- to determine the efficient cost for health care services provided by public hospitals where the services are block funded
- to develop and specify classification systems for health care and other services provided by public hospitals
- except where otherwise agreed between the Commonwealth and a state or territory – to determine the public hospital functions that are to be funded in the state or territory by the Commonwealth.
This determination is used by the Administrator of the National Health Funding Pool to determine the amount of Australian Government funding provided to local hospital networks.