More Choices for a Longer Life – trial of alternative residential aged care funding tool
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The Government will trial a new residential aged care funding tool to replace the longstanding Aged Care Funding Instrument (ACFI). The tool is being developed by the University of Wollongong.
The new tool will provide long term funding certainty and greater equity in how funding is distributed. It will also support a range of quality care and consumer choice improvements in residential care being rolled out by the Government. Two hundred facilities are involved in the trial, which will start in the second quarter of this year and end in the first quarter of 2020.