From Quarter 4 (April to June 2026), we will start ongoing pricing risk assessments to examine the impact of misreporting on residential aged care pricing.
Providers prepare their financial reporting in different ways, which impacts their reported costs and subsequent government decisions.
This new initiative will allow us to measure the impact of misreporting and make sure pricing decisions reflect the underlying cost of care delivery.
We will review the reporting from a sample of providers and focus on key items in their Aged Care Financial Report.
The findings will help us develop more accurate funding policy and ensure the Independent Health and Aged Care Pricing Authority has reliable data to set evidence-based pricing.
These assessments are not a compliance activity. They are designed to make sure we better understand and fund the sector accurately.
Find out more about pricing risk assessments.