Residential Aged Care Pricing Advice 2024–25
Date published: 18 September 2024
IHACPA has released the Residential Aged Care Pricing Advice 2024–25.
This advice informs Australian Government decisions on residential aged care funding from 1 October 2024. This is the second year we have provided evidence-based residential aged care pricing advice to government.
The release includes:
- the recommended Australian National Aged Care Classification (AN-ACC) price
- recommended AN-ACC price weights
- recommended adjustments to the base care tariff categories
- information on the gap between the costs of delivering required hotel services and specific types of revenue received.
It considers a variety of data sources to provide a better understanding of the costs associated with the care and care related services provided.
Our advice also considers input from aged care stakeholders through an annual public consultation.
The Department of Health and Aged Care remains the system operators with overall responsibility for aged care policy, including the funding of aged care services.
The Residential Aged Care Pricing Advice 2024–25 Technical Specifications is an accompaniment to the pricing advice. It details the method used to develop the pricing advice.