Understanding Your Payment Statement and Supplement
May 18 - May 20$350 – $400
In this course, we will walk you through the main changes to Aged Care Funding that have occurred since the introduction of the Aged Care Act over 20 years ago, what these changes mean for your residents and, importantly, how these changes impact your facility’s funding entitlement and payment statements.
As a result of these changes, some of this funding becomes “grand-parented.” This means that different rules may apply for different residents and with over 30 supplements and subsidies in effect today it is important for finance and admissions teams to have a range of different processes in place to combat this.
After this course, you will be on the path to becoming a payment statement master!
An overview of the main changes to Aged Care Funding and what the differences between the systems mean for your financially disadvantaged residents
- The subsidies and supplements that can apply to different types of residents
- An introduction to Facility-level supplements and incentive targets that apply to Residential Aged Care Services
- The anatomy of the payment statement, in particular, how to get the information that you require from the payment statement quickly
Target Audience: Finance Teams & Admissions / Administration Teams