With regards to the issue of health care, it is no secret that there are many sectors that have to be considered. It is a fact that elderly care is among the most important sector of the health care industry. Especially now that the baby-boomer generation is nearing the retirement age, the needs of the aged population in terms care and assistance have become increasingly in demand. It is a great thing that the government of Australia understands the importance of aged care which inspired them to introduce Aged Care Funding Instrument. This is the newest funding allocation system that was launched in order to replace the old system known as Resident Classification Scale or RCS.

Aged Care Funding Instrument or ACFI is released with the primary goal of providing a funding instrument that will pave the way for better budget allocation of the aged population. ACFI was released by the Australian government in collaboration with the Department of Health and Aging (DoHA) and Medicare Australia. ACFI isn't just addressing the needs of the aged population but it also ensures that it becomes a lot more accessible for them as it successfully reduces the need for appropriate documents. In addition to that, it also aims to help establish a more reliable agreement between providers of aged care and department review authorities. In order to make ACFI the best tool in providing the needs of older citizens, the Australian government is allocating a budget of about $5 billion yearly.

But before the funds will be dispersed, residents of aged care facilities will need to be assessed first. The evaluation comes in the form of twelve questions separated into two sections which are designed to be answered by residents. With this method, health care providers are able to effectively find out the needs of the residents so the appropriate sum of money will be distributed. Since its launch in 2008, it is known that the level of fairness when it comes to the to aged care budget allocation has certainly improved. Comments about this funding instrument have been mostly favourable.

Due to ACFI, residents who are seeking to apply for their health care needs will not have a tough time because of the more streamlined application process. Residents who should benefit from the system will be able to do so with little difficulties. To really make it even more accessible, Medicare Australia has also made an action by offering a website where ACFI training is being provided. With this training course, familiarisation of the tool's procedures and requirements will become a lot more easier for the beneficiaries. This consists of basic steps like guidelines on how to register, how to make use of proper codes and how to view payment statements.