https://australianageingagenda.com.au/2017/10/20/new-role-acats-p...

https://australianageingagenda.com.au/2017/10/20/new-role-acats-proposed-funding-overhaul/

Surprised there are no sparks flying over the report yet. There is a huge risk of significant revenue losses for the aged care providers with the fastest increasing ACFI per capita. (Surely that would not impact any ASX listed aged care providers?) And hopefully cost savings for those who are at the lower ACFI end if they don't need to cover the cost of their own assessments any more.

Excerpt from the article below.
"Funding assessment

The project researched options for improving the current audit system and introducing external assessment options.
It has proposed three options including a modified version of the current system or provider self-assessment and two external assessment options carried out by Aged Care Assessment Teams or Specialist Assessment Agency assessors.
The external options “are almost certain to bring about a lasting change to the pattern of unpredictable growth in residential care subsidies,” according to the report.
The ACAT option is likely to bring the most benefit overall but it would also be the most disruptive change to implement, it said.
The R-ACFI meets the review’s goals with reduced subjectivity in needs assessment and best practice assessments linked to claims that will be less open to gaming while allowing for more transparency for the audit program, the report said."