RAD and DAP Rules

* NOTE – PARTICIPANTS MUST BRING THEIR OWN CALCULATOR *

Target audience:

This workshop is designed for residential admissions, finance and any other staff who need a practical working knowledge of the LLLB accommodation payment regime.

It is aimed at those with limited knowledge of the system or for those wanting a refresher in its intricacies.

Participants will gain knowledge of the rules for pricing and publishing of accommodation, calculations regarding Refundable Accommodation Deposits / Contributions (RAD & RAC) and Daily Accommodation Payments / Contributions (DAP & DAC), how means testing works and its potential effects on resident co-contributions.

The session also covers the higher accommodation supplement and how to become eligible, and when and how to apply to the Aged Care Pricing Commissioner for increased maximum room prices. This session is interactive, hands on, practical and face-to-face and includes a range of fully worked examples and exercises designed to demonstrate the “how to” of the payment rules.

Accommodation Pricing and Publishing:

• What has to be published and where?
• Prescribed factors for determining room prices
• Rules for charging room prices greater than Level 2 maximum price
• Applying for room prices greater than Level 2 maximum price

New Means Testing for Residential Care Subsidy and Fees:

• What is it?
• How does it work?
• Potential effects on care subsidies and fees
• Annual & lifetime caps explained
• Worked example

Resident Co-Contributions-Means Tested Care Fees:

• Care subsidy co-contribution explained
• Accommodation supplement & co-contribution explained
• Worked example

Accessing the Higher Level of Accommodation Supplement:

• Significant refurbishment explained
• How to qualify
• Applying for the higher supplement
• Worked example

How to calculate RADs and DAPs, RACs and DACs:

• Threshold levels explained
• Rules for charging each level
• Converting a RAD to a DAP & a DAC to a RAC
• Worked scenarios

Some Potential Risks and Strategies:

• Impact of DAPs on cash flows
• Impact on profit & loss
• Impact on bad debts
• Impact on back office

Presented by Andrew Harris from Andrew Harris Business Consulting

Specialising in the aged care sector, Andrew Harris believes that management and support services should add value to businesses, not just add cost!

He strongly believes that sustained high-level business performance requires a constant cycle of review, analysis and improvement, not just of the figures but of processes, operations and strategy.