How does the NDIS manage its financial sustainability?

[LifeBalanceNDIS]

• The NDIS is an insurance scheme with a core function of managing the financial sustainability of the Scheme.
• Decisions about supports funded in plans must consider the need to ensure the NDIS's financial sustainability.
• Funding decisions operate within the budget set through agreements between the Australian, State and Territory governments.

Click on the link to learn more: How do we manage the financial sustainability of the NDIS? | NDIS

For assistance with your NDIS plan, reach out to us at 1800 998 994 or visit Life Balance NDIS Plan Management.

 

[Leah Kelvin]

That is why the NDIS employs several strategies and techniques to maintain its financial sustainability. First of all, the NDIS is financed by a mixture of government funding and contributions from participants. To ensure sustainability in its workings, a specific budget for the NDIS is allocated bythe Australian Government annually.

Also, the NDIS focuses on cost effectiveness and efficiency in service delivery. It has price negotiations with providers to achieve reasonable pricing and cost containment. The scheme also encourages competition among providers to promote efficiency and better outcomes for participants.