The National Health Funding Pool
The National Health Funding Pool was established on 1 July 2012. Both Commonwealth and State activity funding are submitted through the Pool to fund Health Services.
- The Pool is comprised of a pool account for each State and Territory.
- Payments out of the Pool are made on instruction by States and Territories (as system managers) in accordance with Service Agreements.
- Block funding is received through discrete State managed funds.
- As is currently the case in Victoria, the volume and mix of services provided will continue to be determined by a Service Agreement between each Health Service and the State government.
- State managed funds pay block funding to Health Services, this includes SRHS, teaching, training and research as well as non-admitted mental health funding.
- The Administrator of the National Health Funding Pool (established as an independent statutory office holder) is responsible for overseeing these payments, calculating and advising of contributions, and publicly reporting on payments.
- The Administrator is supported by the National Health Funding Body.
- Victorian legislation was created establishing the Victorian Funding Pool Account and the Victorian Administrator of the Pool.
- Regular bi-monthly payments have been distributed successfully from the Administrator to Victorian Health Services.