Collection: Resident and Accommodation Payment Fundamentals
Your guide to simplify the Accommodation Payments in Residential Aged Care.
Course Overview
Understanding how residential aged care accommodation payments are structured can be overwhelming. This program simplifies the complexities of accommodation payment rules and provides you with the essential knowledge to ensure compliance with prudential requirements when managing these payments.
The program also covers key best practices to help your organisation maintain ongoing compliance when administering accommodation payments. It's an essential resource for finance and management staff who are new to the sector, as well as a valuable refresher for those with more experience, given that the figures are subject to frequent changes.
What you’ll Receive
- 3 Hour Course
- Workbook and Handouts
- Participation eCertificate
- Post Course Support
Pricing
$299 + GST (Per Person)
Simplifying Residential Aged Care Accommodation Payments.
Providing a comprehensive guide to understanding the key financial elements involved in aged care accommodation, including how to determine a resident’s support level and calculate means-tested care fees.
You will learn about accommodation pricing, RAD/DAP payments, billing processes, and key financial tools such as the MPIR and BIR, while exploring real-life scenarios, including RAD refunds and the calculation of combination RAD/DAP payments.
Special:
Register to attend both Resident and Accommodation Payment Fundaments (RESI101) and Financial Reporting and Prudential Compliance (RESI201) and get both courses for just $498! That's a saving of $100!
Book 5 or more people to attend this course and save $50 per person!
* Offers automatically applied at checkout, participants can attend different dates of the same course. Offers cannot be combined.
Key Topics Covered
- How to determine if a resident is supported, assisted, or non- supported, and what tools are available
- What is the means tested care fee and how is it calculated?
- The means tested amount (MTA). How it is calculated, what it determines, how it impacts means tested care fees
- Setting accommodation pricing and analysing competitor pricing
- What fees are associated with entering an aged care facility and how are they charged?
- The difference between a RAD, DAP, RAC, and DAC
- Understanding accommodation supplements and means-tested accommodation supplements
- What should you be reconciling on the monthly Medicare Payment statement?
- Billing respite residents and associated fees
- What is the difference between extra service fees and additional service charges?
- Real life examples of combination RAD/DAP payments
- and the calculation of them including drawdowns
- What happens when a resident’s DAC changes?
- Refunding a RAD to a resident facing hardship
- RAD refund preparation
- Using the MPIR and BIR
- Accommodation Bond Overview
- Brief overview of the upcoming Reforms
Who Is This Course Ideal For?
- Facility Managers
- Care Managers
- Admissions and Placement Officers
- Finance Staff
- Administration Staff
- Area Managers
- Regional Managers
- Board Members
- Executive Team Members
- Internal and External Auditors
"Thank you very much for an amazing 3 hour training yesterday. It was very good!!!"