National Hospital Cost Data Collection Round 24 Independent Financial Review
- Publication Date:March 11, 2022
- Primary Keyword:NHCDC
The National Hospital Cost Data Collection (NHCDC) is the primary data collection that the Independent Hospital Pricing Authority (IHPA) relies on to calculate the national efficient price used for the funding of public hospital services.
To ensure that the quality of NHCDC data is robust and fit-for-purpose, IHPA commissions an independent financial review to assess whether all participating hospitals have included appropriate costs and patient activity.
The Round 24 Independent Financial Review (IFR) Report provides an overall summary and findings by jurisdiction and for each participating site. It also outlines recommendations for IHPA and the jurisdictions to consider in future rounds of the IFR, with the aim of improving the consistency and transparency of NHCDC submissions.