Download Coalition 167 – Reducing readmissions for heart failure patients

Media release
FROM THE OFFICE OF THE SECRETARY
26 November 2014
RELEASE OF COSTING OF ELECTION COMMITMENT
Pursuant to section 6.45 of the 2014 Guidelines on the Caretaker Conventions the Department of
Treasury and Finance (DTF) today released the costing of the following election commitment of the
Liberal National Coalition Party of Victoria:
Coalition 167 – Reducing readmissions for heart failure patients
The election policy costing was completed in accordance with DTF’s Guidelines for managing
requests from a political party for costing of its own policies (the policy costing guidelines) available
at: www.dtf.vic.gov.au/election2014.
The completed costing is attached to this media release.
David Martine
Secretary
Department of Treasury and Finance
Consistent with the DTF policy costing guidelines, the contact for Parties requesting DTF costings is:
Mr Ismo Rama
Telephone: 9651 5368
Email: [email protected]
For media inquiries please contact: Mr Bruce Atherton
Telephone: 0404 097 654
Email: [email protected]
Department of Treasury and Finance
1 Treasury Place Melbourne Victoria 3002
Ph: +61 3 9651 5111 Fax: +61 3 9651 2062
Website: dtf.vic.gov.au
Election 2014 – Policy costing
Title: Reducing readmissions for heart failure patients
Party making the request
Name of policy
Description of policy
Date of public release of policy
Date of receipt of request
Additional information requested
(including date)
Additional information received
(including date)
Costing methodology used:
 scope of initiative;
 costing techniques;
 policy parameters;
 statistical data used; and
Coalition
Reducing readmissions for heart failure patients
Heart Failure project seeks to reduce readmissions and improve
outcomes for people with heart failure, and through the project develop
a better understanding of system enablers for reducing readmissions. It
will be closely linked to the Victorian Cardiac Clinical Network and the
Heart Foundation.
Unavailable
24 November 2014
DTF considers the cost estimate to be reasonable, noting that:
 the proposal appears to be a continuation of a joint study with
the Heart Foundation to examine heart failure and its
correlation to hospital readmissions; and
 funding is stated to be provided on a capped basis.
 behavioural assumptions used (as
appropriate).
The cost of the proposed output initiative for the forward estimates period is set out below:
DTF costing of output initiative
2014-15
($ million)
2015-16
($ million)
2016-17
($ million)
0.000
0.100
0.100
Four year total
(2014-15 to
2017-18
2017-18)
($ million)
($ million)
0.100
0.300
The Coalition has included an estimate for 2018-19 of $0.1 million. DTF has undertaken a costing
of this figure and considers $0.1 million to be a reasonable estimate for 2018-19 and notes that
this would bring the total estimated cost of the proposal to $0.4 million over five years.
DTF comments section
Where relevant, includes separate
identification of revenue, expense, asset
and liability components.
Where appropriate, includes range for
the costing or sensitivity analysis.
Caveats or qualifications to the costing.
Associated material: Copy of request as
received by DTF and any additional
information requested by DTF from
party.
Title: Reducing readmissions for heart failure patients
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