The following questions have been taken from the Department of Health and Aged Care's Fact Sheet 1.
Steps and considerations to help you prepare - Funding and Business Model: ensuring providers are sustainable in all markets
An indicative model for the new program proposes a mixed funding model for providers with a combination of activity-based payments in arrears and grants.
- Will your organisation be sustainable under the new arrangements with activity-based payments at set prices combined with supplementary grants for some service types and providers in thin markets?
- Review your business against Commonwealth Home Support Program (CHSP) unit price ranges for different services – could your business operate at prices within those ranges, and would it be sustainable?
- Is your business model suitable for the future, are there any changes or adjustments needed?
- Do you need to review your operating structure or model now in preparation and note any risks?
- Are you operating in a thin market?
- If so, would you need supplementary grant funding and how would you explain this in a grant application?
- What level of funding would you need as a supplementary grant, if you received activity-based funding for services delivered at CHSP unit prices?
- If you have access to a pool of funds to use across your clients in addition to client budgets, how would you prioritise its use?