Proven strategies to maximise AN-ACC Funding in aged care facilities

In the competitive and ever-changing landscape of aged care in Australia, maintaining high standards of care while ensuring financial stability is more crucial than ever. The Australian National Aged Care Classification funding model aims to streamline funding allocations and enhance care delivery across aged care facilities. However, to fully reap the benefits of this new system it is imperative to leverage technology and implement effective strategies.

In this article, we delve into the top six proven strategies to maximise AN-ACC funding using advanced data management, digital assessment tools, and expert consulting. These strategies are designed to ensure compliance, improve care delivery, and significantly boost financial outcomes for aged care facilities.

Strategy 1: optimising documentation practices for enhanced AN-ACC funding

Maintaining thorough and accurate documentation is vital for maximising AN-ACC funding. Proper documentation ensures residents are appropriately classified, leading to better funding outcomes.

Here are some best practices:

Comprehensive care plans: develop detailed care plans that outline each resident’s needs and preferences. Regularly update these plans to reflect any changes in the resident’s condition.

Regular audits: conduct regular audits of care documentation to ensure accuracy and compliance with AN-ACC standards. This helps identify and rectify any discrepancies promptly.

Effective use of assessment tools: utilise the AN-ACC assessment tool effectively to classify residents accurately. Training staff on the proper use of this tool is essential for achieving optimal results.

Strategy 2: preparing for increased care minutes – strategies for aged care – providers

Aged care providers must now provide 200 care minutes per resident per day. This will increase to 215 minutes in October 2024. This requirement necessitates careful planning and adjustment of staffing levels and workflows.

Strategies to help facilities adapt include:

Staffing adjustments: review and adjust staffing levels to meet the increased care minutes requirement. This may involve hiring additional staff or reallocating existing staff resources.

Efficient workflows: streamline workflows to maximise the efficiency of care delivery. Implementing technology solutions, such as electronic health records and scheduling software, can help optimise staff time and resources.

Training and development: invest in ongoing training and development for staff to ensure they are equipped to meet the new care minutes requirements. Providing support and resources can enhance staff performance and job satisfaction.

Strategy 3: utilising new AN-ACC supplements to boost financial health

The introduction of new AN-ACC supplements offers aged care facilities additional funding opportunities. These supplements include the hotelling supplement, 24/7 registered nurse supplement, and the AN-ACC transition fund.

To make the most of these supplements, facilities should:

Understand eligibility requirements: familiarise yourself with the eligibility criteria for each supplement. This knowledge will help you identify which supplements your facility qualifies for and how to apply.

Application process: ensure the application process is thorough and accurate. Provide all necessary documentation and information to support your application.

Effective use of funds: once approved, use the funds strategically to improve service quality and financial stability. This may include investing in staff training, upgrading facilities, or implementing new technology solutions.

Strategy 4: leveraging technology to enhance AN-ACC funding and care delivery

Technology plays a crucial role in optimising AN-ACC funding and care delivery. Advanced data management and digital assessment tools can streamline the assessment process, improve accuracy in resident classification, and ensure compliance with funding requirements.

Here are some key technology solutions to consider:

Electronic health records: implement EHRs to centralise resident information and streamline documentation. EHRs improve accuracy and accessibility, ensuring all relevant data is readily available for AN-ACC assessments.

Digital assessment tools: utilise digital assessment tools to enhance the accuracy of resident classifications. These tools can automate the assessment process, reducing the risk of errors and ensuring compliance with AN-ACC standards.

Data analytics: leverage data analytics to gain insights into resident care and funding allocations. Data-driven decision-making can help optimise resource allocation and improve overall care delivery.

Strategy 5: enhancing AN-ACC Outcomes with aged care consultants

Engaging with professional aged care consultants can significantly benefit aged care facilities aiming to optimise AN-ACC funding. These consultants provide expert guidance on compliance, funding optimisation, and care delivery improvements. By working closely with experienced consultants in aged care, facilities can navigate the complexities of the AN-ACC model and ensure they are maximising available funding opportunities.

Tailored solutions from aged care consulting and advisory services

Professional aged care consulting and advisory services offer tailored solutions to help facilities meet their specific needs. From documentation practices to staff training and technology implementation, these services provide invaluable support in enhancing care delivery and financial stability. By leveraging the expertise of aged care consultants, facilities can improve compliance, optimise funding, and ensure high standards of care.

The AN-ACC funding model represents a significant shift in aged care funding and care delivery in Australia. By leveraging technology, optimising documentation practices, and adapting to new requirements, aged care facilities can maximise their funding and improve overall care quality.

Staying informed about changes in the AN-ACC model and proactively addressing challenges will ensure that facilities remain compliant and financially stable. Embracing these strategies will position aged care providers for success in the evolving landscape of aged care funding.

Take the next step in optimising your AN-ACC funding. For a complimentary Aged Care Standards Roadmap Session and to discover the strategy that has helped many of our clients see over $250k increase in funding, visit HealthGen.io today!