Validation of National Efficient Price and National Efficient Cost 2024-25

⁠⁠⁠This process requires the organisation to undertake a detailed review and assessment of the methodology, application of the methodology and its results by creating and running a shadow model of the Independent Health and Aged Care Pricing Authority’s activity-based funding cost models, block funded cost model and related outputs. These models are developed using a combination of SAS, Python, R and Microsoft Excel.

The successful tenderer will be required to provide an explanation of the shadow analysis undertaken, methodological advice to the Independent Health and Aged Care Pricing Authority staff as required, and quality assurance of some ad-hoc analysis requests that may arise throughout the year.

They will also validate the accuracy of items released as part of the draft and final mail-out to jurisdictions and conduct a detailed review of the draft, and final publications produced by the Independent Health and Aged Care Pricing Authority for public hospital services.

The organisation is required to provide short reports assessing the “fit-for-purpose” nature of both the draft and the final 2021-22 National Pricing Model for submission to the Pricing Authority and a more detailed report identifying and explaining any specific areas for improvement in the 2021-22 model.

The organisation will produce a statement of validation of the draft and then final National Efficient Price and National Efficient Cost Determinations and all mail-out items.