Over the course of 2017-18 IHPA continued in its role of designing the pricing system to promote safe, efficient healthcare for all Australians.
A significant part of IHPA’s program of work over the past year has been shaped by the commitments of the Addendum to National Health Reform Agreement, signed on 1 July 2017, to create financial incentives to further improve safety and quality in Australian public hospitals.
In addition to the work on safety and quality, IHPA published its seventh National Efficient Price Determination and sixth National Efficient Cost Determination for public hospital services. Supported by extensive consultation with jurisdictions and stakeholders, the Determinations have resulted in maintaining a stable and sustainable rate of growth in public hospital costs.
The results achieved in relation to each of the program objectives outlined in the Corporate Plan 2017-18 and Portfolio Budget Statements 2017-18 are reported in this annual report, including information on IHPA’s management and accountability, and financial results.
This report is prepared in accordance with the Requirements for Annual Reports, as issued by the Department of the Prime Minister and Cabinet and approved by the Joint Committee of Public Accountants Audit under sub sections 63(2) and 70(2) of the Public Service Act 1999. The report is a formal accountability document that details the activities of the Independent Hospital Pricing Authority (IHPA) from 1 July 2017 – 30 June 2018.