The new regulation – painting a picture of risk
Under the new Regulatory model, risk-based monitoring will rely on data and regulatory insights to identify potential risks or issues.
Under the new Regulatory model, risk-based monitoring will rely on data and regulatory insights to identify potential risks or issues.
With the new Regulatory Model expected to come into practice, providers should consider what resources, systems, data visibility, and risk planning they should undertake now to mitigate risks by 1 July 2024.
Data breaches and cybersecurity have risen to the top of CEOs’ concerns in 2024, as revealed by a KPMG report ‘Keeping us up at night’.
On 14 February 2024, all providers in Australia will need to submit the first QFR in the mandatory Care Minute era which began on 1 October 2023.
On Friday, 30 November, the Department of Health and Aged Care brought to light an error in the accuracy of calculated care minute targets on My Aged Care.
On Friday, 30 November, the Department of Health and Aged Care brought to light an error in the accuracy of calculated care minute targets on My Aged Care.
After more than a year of AN-ACC, we have worked with over 100 providers to adjust their funding processes to the new AN-ACC model. Most of the industry are still evolving their internal structures and models and in this blog we review four real life examples of approaches and the lessons learned.
With the recent enforcement of mandated care minutes, we find ourselves in a precarious situation in the aged care sector. There’s a fine balance between maintaining occupancy and managing workforce costs efficiently, all while ensuring compliance with regulatory standards.
Managing the balance in the AN-ACC world now requires three (3) key workflows: Forecast AN-ACC classes for pre-admission and current residents to manage care revenue; Establish consistent Roster Demand Template/s; Control and understand your data to then strategically request reclassifications.
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